When to Make Your First Hire

Experts agree: Take your time before making that all-important first hire for your small business. Here's what you should consider

It is probably the most crucial early decision that a new business owner makes: When to hire the first employee. The entrepreneur who delays too long risks losing momentum as mundane tasks steal time from marketing and selling. But hiring too soon tacks a fixed expense onto the startup balance sheet and loads a mountain of red tape onto an entrepreneur ill-equipped to handle it.

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