Hiring quickly vs hiring right

I was building my team and had been interviewing quite a few people. I was disappointed in the quality of the first applicants, but finally someone with a great CV and experience with several startups applied. He was impressive but I realized from our conversation the he did not listen and was constantly telling me how I should run the business. I found this annoying but was still very impressed by his CV and experience.

I asked about the other startups and why he had left; there were three in five years. He had a plausible story for each. Mostly they did not listen to him, he got frustrated and bored, and he left. In every case, he was right and they were wrong. I found this disturbing, but he had the best CV of anyone and I was desperate for good people.

I hired him but did not offer him any stock incentives for 12 months. From the first day he came to work, he began telling everyone what they were doing wrong and what to do. The team rejected him and he resigned after nine months. I wish I had taken more time to find the right person instead of wasting the time and salary on him. 

The importance of knowing who you are hiring

I really liked John when we meet. He was smart, had an MBA, and had worked as a management consultant. He also told me that he was a qualified accountant. I hired him and we worked well together.

John gave me references but I did not contact them before I hired John. Then one day I was looking at LinkedIn and went to see John’s entry. The CV that was there was very different from the one he gave me. I was especially concerned that one of the references/employers he gave me was not on LinkedIn. I decided I needed to find out what was going on. 

I called the university where John said he got his MBA. They had no record of him being a student. The college where he said he got his accounting qualifications said he never completed the program. I realized the business and I could have gotten into severe legal trouble if I had trusted his accounting advice and it turned out to be wrong.