Take it or leave it…
But in the interest of trying to change you into a greedy capitalist, I will offer you my experience.
I’m a very small business man.
I started when I was 20. I had a partner and we did all the work ourselves. Over the last (almost)8 years, we have built up to an office, secretary and about 20 (seasonal)workers.(March-November)
I don’t have any clue what kind of business you are in, so these will all be vague suggestions regarding employees and organizing.
[li] No matter what you hear, read or think, you will make ALL of the mistakes that you get warned about. Just try to remember the advice you got, so that you repeat them as few times as possible.[/li]
[li] I’ve found that the stuff you consider so vital and important in the beginning, usually turns out to be easily and cheaply reproduced in the end. The quicker you are able to remove yourself from the actual mechanics, the quicker you will be able to focus your energy on planning and setting goals.[/li]
[li] I don’t care what the business is, once you are running it, you have a skill that is transferable to thousands of other businesses. The skills required to do the labor part of the company have nothing to do with running the company. Being an owner is different than being an employee. The quicker you get comfortable with that, the sooner you can grow your company.[/li]
[li] It sounds to me like you are looking for an impossible employee. IMHO you will never find someone to fulfill the role you are looking for. The kind of person you are describing would just run their own company.[/li]
I see three workable alternatives to your proposal.
 Find a partner. From your description, you are looking for an owner type of person. Find someone who has the strengths you are looking for, yet needs something that you bring to the table. From your job description, I don’t see why anyone who fits that mold would EVER work for someone else, but they might work with someone else.
 Bite the bullet. Take a pay cut and hire someone to do the work you do now. Basically, you need to promote yourself out of a job. Make your job soley to grow the company. This isn’t an overnight step, it should take years. Task by task, hire PEOPLE to take over YOUR role. Spend your extra time figuring out ways to bring in more volume/expand.
If you have a valid business model, then you should be able to expand consistently if you put your mind to it. It takes a lot more work to figure out how to grow than it does to to do the actual work.
Sometimes a partner will provide a safety net here. If you get bogged down in the day to day workings of the company, somebody needs to shake things up and provide some vision.
If your business model isn’t valid for growth, then you will be doing all the work yourself, and hiring employees will “break the bank.” There is nothing wrong with this if you end up at a level that you are happy and satisfied with. There is alot of room between the homeless guy on the street and Bill Gates. Only the individual can decide when they are happy with where they are. If you feel like you have just too much work to do, and are not making enough money, then raise your prices until things balance out.
 Hire a consultant to convince you that options A and B are unavoidable if you want to grow.
[li]The standard employee advice:[/li]
Don’t hire friends. Don’t be afraid to cut your losses and fire someone when you realize they are costing you money. Don’t hire the first person you interview. Don’t become to close to your employees. Don’t overpay them.[sub]Check out what your position is paying at other companies to compare[/sub]Don’t trust them with your money. Hire an accountant when your company hits $200,000 gross revenues.
I know that isn’t the pat answer you were asking for, but based on my experience, that is the best answer I can offer.
I hope it helps.
::looking around to see if there is a full moon out tonight::