One of the biggest decisions a business owner can make is the one about "when is the right time to hire" (or not, as the case may be).
Being an accountant by qualification the natural inclination is to "run the numbers" and determine whether bringing on new resource will work financially. And being a risk manager, I could then turn my evaluation towards understanding the environment and then mitigating any impacts of the economy, which is turning around under the current government.
If you are now on the lookout for the right person, like many businesses before you, it is likely that you will write a job description and determine the exact functions and work you want this person to undertake. But you should also review your own goals, how the business serves you to achieve your goals, and how another resource will contribute to the ultimate end result you are aiming for.
This is the most important component, followed closely by an excellent business strategic plan - and it is likely that yours will require a bit of updating in light of the above.
It is extremely important that you get the right people to help you achieve your business goals. So your interview process needs to be rigorous, because ultimately your strategic objectives will rest on how the people you hire support you and contribute skills and outcomes.