Why it is OK to hire the second best at times

Picture this: As a hiring manager, you are relieved to have found the best candidate for the job. It took you hours to interview the person and now you are convinced that person will be perfect for the position. You make an offer based on your conversations. But then, the perfect candidate starts stalling or begins to consider the offer of a competitor who is paying more. What should you do? Do you stretch your budget or just begin the whole process again?
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