Hire

This first step is probably the most important. It is important to hire the best people you can find. This is not a time to be cheap. The cost of replacing a bad hire far exceeds the marginal additional cost of hiring the best person in the first place.

• Hire talent, not just trainable skills. Skills can be taught to a talented employee. A skilled employee can not just be given talent.
• Improve your interviewing skills. Often this can be as simple as knowing what questions to ask during the hiring process.
• Make your company a place people want to come to and work for. Company culture can be a powerful recruiting tool. Make sure yours reflects the goals the company wants to achieve.