Perhaps you remember the first hire you ever made. Perhaps you hired them as an accountant, or perhaps as an assistant, or perhaps as a sort of catch-all. Regardless, you hired that person because you needed their help.
Every business magnate that ever lived has stood where you stood. What was their reasoning for making their first hire? What made them decide to take the next step and bring someone else onto their team?
Perhaps we will never be able to know, but here is the reasoning that YEC member and I had back when we were hiring our first employees. Maybe it will help you better gauge when it is time for you to hire your next employee.