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EntreLeadership

Guarantee You’ll Never Make a Bad Hire Again

EntreLeadership

Ramsey Network

Business, Management, Entrepreneurship

4.74.4K Ratings

🗓️ 6 May 2026

⏱️ 8 minutes

🧾️ Download transcript

Summary

Hiring the wrong person isn’t just frustrating—it’s expensive.  In this episode, learn about a proven hiring process that helps you slow down, vet wisely, and build a team that strengthens your culture instead of draining it.   Next Steps: ·      🛑 Stop making bad hires. Read and implement EntreLeadership's 12 Components to a Good Hire: https://ter.li/u7t6ji ·      📞 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-Leadership ·      🎤 Attend EntreLeadership Master Series: https://ter.li/masterseries-conference ·      📖 Order Dave’s book, Build a Business You Love: https://ter.li/b4kru2   Connect With Our Sponsors: ·      Go to Belay Solutions or text ENTRE to 55123 for their free resource! ·      Go to Christian Healthcare Ministries and use code ENTRE for a 50% credit toward your first month of membership. ·      Visit NetSuite today to learn more.   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 💰 George Kamel   Ramsey Solutions Privacy Policy Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

What's the cost of hiring the wrong person? You might think it's just a few months of wasted salary.

0:11.0

Nope. Try a hundred grand per team member. That's what it can cost you in lost time, missed

0:19.7

opportunities, and cultural damage.

0:22.3

And for business owners like you and me, that's not just a setback.

0:26.0

It can actually wreck your momentum.

0:28.9

But there's a way to avoid those expensive mistakes, having the right hiring process.

0:35.0

On this episode, Entree Leadership's John Falcons is going to break down the exact

0:39.3

process we use to make great hires. Let's get into it.

0:45.3

We've all done it. We've all made a hire we regretted. Maybe they look great on paper.

0:50.3

Maybe they even crushed it in the interview. But once they were on the team, we regretted hiring them.

0:56.0

They didn't carry their weight.

0:57.0

They stirred up drama.

0:59.0

When this happens, you can feel it in your gut, in your team, and in your bank account.

1:04.0

That sinking feeling, that what have I done moment?

1:08.0

That's the pain we're talking about.

1:09.0

And there's a reason this hits so hard. Bad hire can cost you in four different ways. First, it's freaking expensive. That hundred grand, Dave mentioned? That's not a guess. Gallup says replacing a team member can cost up to two times their annual salary. And with the average salary now over $60,000,

1:29.0

that means every bad hire could be draining at least $120,000 from your business.

1:34.9

But the cost doesn't stop at the bank.

1:36.9

Number two, a bad hire hurts your culture.

1:40.0

When you let the wrong person on the bus, the whole team feels it.

1:43.2

For one, if the person can't get the work done, someone else has to pick up the slack.

1:48.7

And if we don't do something about that, that's called sanctioned incompetence.

...

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