For the stage two, new employer, the question of whether to add another employee is almost as tough as it is for the solopreneur. When you've got two or three people in the business and sales are typically between $100,000 and $300,000 per year, you can't afford a hiring mistake. But they're so easy to make.

Here are five suggestions to keep you on track:
1. Do the ICE and High/Med/Low exercises to determine your strengths and weaknesses.
2. Make sure you need and can afford a full-time employee.
3. Will the employee quickly contribute in a way that increases your revenue per employee?
4. Clarify the role you are hiring.
5. Does the new employee fit?