Many years ago, someone shared a great hiring philosophy. The philosophy? Hire only great people. Okay - not so insightful at first blush. But it continued.
When you hire bad people it’s not really a problem because you get rid of them quickly. The problem comes when you hire good people. With good people, you can never quite fully delegate responsibilities. You can’t delegate and forget. You must still manage them, and that means that as you get bigger, you gain too much complexity and stall.
With great people you can delegate it, forget it and what you get back is better than you would have gotten had you managed it. Therefore, it is only through the hiring of great people that you free people to allow for growth.
While this is great advice, it led to some of the worst hiring decisions I’ve ever made (for both me and when advising clients). Let me explain.