5 Important Hiring Tips When Building Your CompanySpend the extra time to vet optimal candidates wisely, and you won't consume precious resources that are critical for your growing company.

As an entrepreneur, time is not on your side. Yet spending those tedious hours to identify and vet the optimal candidates for your growing company is crucial.

When your team needs to expand rapidly to meet organizational demands and challenges, it's quite easy to hire the first person who looks good on paper. But making the wrong hire costs about 30% of the individual's first-year expected earnings, according to theU.S. Department of Labor.