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The Cold, Hard Facts About Small Business Hiring (Infographic) You have to spend money to make money, and the numbers show that spending on hiring is one of the best ways to use your dollars.

By Kathleen Davis

entrepreneur daily

Opinions expressed by Entrepreneur contributors are their own.

No matter how much technology and the ways we do business change, one thing that remains constant is that hiring is the key to growth. When you add employees, you give your business the potential to expand the services it offers as well as improve its efficiency.

Take a look at the infographic below from accounting software company Intuit for clues on when it's the right time to hire, as well as a formula for exactly how much money a vacant position is costing you.

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The Cold, Hard Facts About Small Business Hiring (Infographic)

Kathleen Davis is the former associate editor at Entrepreneur.com.

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