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EntreLeadership

3 Key Questions to Ask so You Won’t Regret Your First Hire

EntreLeadership

Ramsey Network

Management, Entrepreneurship, Business

4.74.4K Ratings

🗓️ 4 March 2026

⏱️ 5 minutes

🧾️ Download transcript

Summary

Your first hire is one of the biggest risks you’ll take as a business owner. In this episode, you’ll learn the three key questions every business owner must answer before making their first hire—so you can grow your team without losing momentum. Next Steps: 💼 Learn Ramsey's 12 components to hiring that can set your business up for success: https://ter.li/n7jjrs 📞 Have a question for the show? Call 844-944-1070 or send us a message: https://ter.li/ask-us 📚 Learn about the EntreLeadership System™: https://ter.li/system-p 💻 Get EntreLeadership Elite™ for your business: https://ter.li/elite-p ✉️ Sign up to receive tactical tools, advice and resources in your inbox every week: https://ter.li/enl 🏢 Attend EntreLeadership Summit: https://ter.li/summit 🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries 📖 Order Dave’s new book, Build a Business You Love: https://ter.li/b4kru2   Listen to More From Ramsey Network: 🪑 Front Row Seat with Ken Coleman 🎙️ The Ramsey Show 💸 The Ramsey Show Highlights 🧠 The Dr. John Delony Show 🍸 Smart Money Happy Hour 💡 The Rachel Cruze Show 💰 George Kamel   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

As an entrepreneur in the early stages of running your business, there's one sure-fire way to boost your revenue in a big way, making your first hire.

0:16.0

But that only happens if you make the right first hire.

0:20.0

Get it wrong? And it could cost you and your

0:23.8

business big time. When I got ready to make my first hire I didn't want to do it. I

0:28.4

didn't want employees. As far as I was concerned employees came late, left early,

0:32.2

and stole while they're there. And then I met a guy named Russ Carroll who had the

0:35.9

same heart for coaching people that were

0:38.1

hurting with their money.

0:40.1

He was there on a mission, a crusade like I was.

0:43.7

So Russ joined the team to be our very first hire over 30 years ago and coached people,

0:50.6

counseled people until he retired with Ramsey many, many years later.

0:54.8

He's an incredible man and he was an incredible hire.

0:57.7

It's one of the smartest things I ever did.

0:59.8

He coached thousands of families that I could have never gotten to.

1:05.2

So when you're hiring, that's a lot of pressure.

1:07.4

But that's why in today's episode, you'll learn exactly how to make your first

1:12.0

hire the right way and make it a success. John Falcons from the Entree leadership team is here

1:17.7

to help you answer the three key questions that'll set you up for success as you grow your

1:23.5

team. 82% of small businesses in the U.S. are a one-man show.

1:28.3

And if you're one of them and you're thinking about expanding, the first question you need

1:32.3

to ask yourself is, how am I going to pay for this person?

1:35.3

You need a clear path to revenue that covers their pay.

...

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