Entrepreneur Plus - Short White
For Subscribers

Inner Strength?Promoting from within isn't always your best bet.

ByRobert J. McGarvey

Opinions expressed by Entrepreneur contributors are their own.

Growth in revenue usually brings with it a critical need foradditional employees. As new positions are created, the question tothink about is this: Should you fill senior-level jobs from within?Or should you hire outside talent?

Katherine Hammer, CEO and co-founder of Austin, Texas-basedEvolutionary Technologies International Inc. (ETI), faced thatdecision as her high-tech business kept recording nonstop growth.Before the growth spurt, the company had been leanly staffed."It's a mistake to hire too much high-powered talent tooearly," says Hammer. "They're expensive, and the factis, when you're small, you don't have full-time jobs forthem yet. They sit around twiddling their thumbs."

Continue reading this article — and all of our other premium content with Entrepreneur+

Join the internet’s leading entrepreneur community! With your subscription you’ll get:

  • Unlimited access, including premium content
  • No ads
  • Subscription to狗万官方magazine
  • Four free e-books a year
  • Subscriber-only events with our experts

Editor's Pick

Money & Finance

Want to Become a Millionaire? Follow Warren Buffett's 4 Rules.

企业家是不能过度指狗万官方望太多a company exit for their eventual 'win.' Do this instead.

Business Solutions

Learn to Program an AI Chatbot for Your Business in This $30 Course

Get back-to-school savings on this AI coding course.

Growing a Business

We're Now Finding Out The Damaging Results of The Mandated Return to Office — And It's Worse Than We Thought.

Companies knew the mandated return to the office would cause some attrition, however, they were not prepared for the serious problems that would present.

Accounting

This Retired Mathematician Won $26 Million From State Lotteries ... Legally

Know your math like Jerry Selbee, and you can beat the system.

Business News

Netflix is Hiring an AI-Focused Role—and the Starting Salary is up to $900,000

The streaming giant is looking for a leader in its machine learning department.

Data & Recovery

Get 1TB of Cloud Storage for Life for $119.97 With This Back-to-School Sale

This 1TB Cloud Storage Solution Is Only $119.97 for Back to School