You pay for what you get, and you get what you paid for.

This ranks as some of the most sound advice that I’ve ever been taught by my parents while I was growing up: It’s better to own 1 pair of really quality pants than to own 3 pairs of junky pants.

Realistically, though, we all have budgets. We cannot buy the best quality and buy a lot of it.

I believe (from my minimal experience) when it comes to hiring people, freelancers, and consultants: The best can always do it cheaper in the long run. Costs are not solely displayed in an invoice, the are incurred emotionally and through time. The cost of transitioning between freelancers and consultants is high and it’s also expensive to not move fast enough.

The best they get it done right the first time. In the long run, the premium for the best is worth it. Save money by skipping fancy dinners.

When I started building the – I wanted to hire a programmer to build an MVP so that I could prove my concept and then raise seed capital. As most people know, most programmers are gainfully employed. So I turned to elance, an online freelancer website.

I posted a job description and interviewed 5 candidates via skype. (Reckon, each interview took about an hour. I hired the lowest bid so save money. I spent the next 3 days, working closely with Adam (edited) before he went MIA. 3 days later he sent me a message that he had an emergency. I replied that I was sorry and we parted. Elance refunded the money. But, I lost a week of time, and I was disheartened.

At the encouragement of a close friend, I resolved to give my project another hack. I doubled my bid offer, interviewed more candidates, and hired an expensive programmer. Four days into the project he was done. He gave me 2 weeks of support for free afterwards, and introduced me to other programmers. He proved much cheaper in the longer run.

Have you had similar experiences? Do you disagree? I’d love to hear your thoughts.

Moments #1 from developing is a series of blog posts about my experiences starting my first venture.

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