I recall a fellow I worked for way back in high school telling me that one thing a person always has to remember in business (this was a retail business, but the principle is the same), is that anytime you add an employee, you have to generate enough additional business to not only cover the costs associated with that employee, but turn an extra profit, as well.
In other words, there are times when it makes sense to hire an employee, and times when it doesn't. Only you can make that decision. There are other things to consider as well, though. An employee is like a renter. Nothing in the world any better than a good one, nothing any worse than a bad one. A good employee you can trust can be a valuable asset, covering for you if you are ill, etc, so there are times when it isn't necessarily all about dollars and cents.
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Last edited by MOturkey; 12-17-2012 at 02:23 PM.