I have written a blog on this topic earlier and couldn’t resist myself to write it again. It is so important that you hire the right people. Those who know, understand and, act with accountability for the job they have been hired for.
If you are compromising on the quality of the people, be ready to pay the price. When you hire people to save cost or have emotional connections, you will get the result where you will keep paying for their mistakes, eventually paying more in absolute terms.
On the contrary, when you are hiring the right people, you might pay more and deal with bigger expectations; you will end up getting the results that will support you in your growth.
There is an old saying, “if you pay peanuts, you get monkeys,” and it has some validity.