How to Make Smart Hires on a Tight BudgetGrowing a team is an important (and intimidating) step for a startup. And when money is tight, the pressure is on to get every hire right.

Ray Dalio, the founder of Bridgewater Associates, who's known as the king of hedgefunds, is famous for saying, "Hire right, because the penalties of hiring wrong are huge."

These are obvious words from a brilliant man. But the problem is, there's no script forhiring"right" when you're in startup mode. You have a hundred different needs but can afford only a handful of positions to do the work. So before you begin, do yourself a favor and lower your expectations. You don'tneedto make many hires all at once, and you don't have to fill hyperspecific roles in your company. Rather, you just need to find the righttypesof people who will best support earlygrowth.