Catharine Montgomery, Founder and CEO of Better Together, offers crucial insights into hiring the first employee. She stresses the significance of evaluating not only competitive salaries but also benefits, taxes, and maintaining a stable revenue stream. Catharine emphasizes planning ahead to ensure financial stability before hiring, setting the foundation for success and growth. Her advice aligns with the necessity of understanding costs beyond the salary, complying with local regulations, and finding candidates who align with company values and culture for a seamless hiring process.