1st do not hire anyone unless you are 100% sure you can define a full time position for them. Outsource as much as you can until you feel it's cheaper to bring some one in house than to hire a consultant. $2 million seems like a lot but it's amazing how fast that gets spent once you get others involved.
2nd spend the time to define what you want your business to look like in five years. Define every year and set goals on how to get there.
Create a business plan. This will force you to look at your business more broadly. There are plenty of books that will show you how to start. A good question that will be answered is whether your business can grow or if it's just a small niche.
Educate yourself, if you don't, others will be happy to tell you what to do and how to spend your money. But don't expect them to have your best interest in mind.
Your 1st goal as a business owner is to make yourself obsolete. You can be an employee but the company can not be dependent on you. Once you do that then you can guide the company's future. Delegating will be extremely hard but if you hire right then there should not be any question as to whether it's possible.
Going from 1 person to many is a great change. Your goal is to get everyone to work towards the same goal. Make sure everyone knows what that is. Communicate, communicate and make sure you communicate. Getting your vision from your head to someone else's is hard.
Lastly, don't be in a hurry to spend money. It's funny how it works. If you can define a viable business then people will be happy to give you money to keep it going. There's the other side too. Don't be cheap. Cheapness can do more harm than good. It's a balance. You'll have to find it.
1st do not hire anyone unless you are 100% sure you can define a full time position for them. Outsource as much as you can until you feel it's cheaper to bring some one in house than to hire a consultant. $2 million seems like a lot but it's amazing how fast that gets spent once you get others involved.
2nd spend the time to define what you want your business to look like in five years. Define every year and set goals on how to get there.
Create a business plan. This will force you to look at your business more broadly. There are plenty of books that will show you how to start. A good question that will be answered is whether your business can grow or if it's just a small niche.
Educate yourself, if you don't, others will be happy to tell you what to do and how to spend your money. But don't expect them to have your best interest in mind.
Your 1st goal as a business owner is to make yourself obsolete. You can be an employee but the company can not be dependent on you. Once you do that then you can guide the company's future. Delegating will be extremely hard but if you hire right then there should not be any question as to whether it's possible.
Going from 1 person to many is a great change. Your goal is to get everyone to work towards the same goal. Make sure everyone knows what that is. Communicate, communicate and make sure you communicate. Getting your vision from your head to someone else's is hard.
Lastly, don't be in a hurry to spend money. It's funny how it works. If you can define a viable business then people will be happy to give you money to keep it going. There's the other side too. Don't be cheap. Cheapness can do more harm than good. It's a balance. You'll have to find it.
Good luck!