Thanks guys and yes Andy we are now heavily involved carpet cleaning (where we first started) and leather restoration and flood and water damage restoration.
Woody, I was in no way knocking you or your enthusiam for expanding your business (didn't I say that before

)
Yes I have been involved in starting up and running a successful WC business (which we sold a while ago...) and within that business employed, so I don't say I know it all, but I know a little. Before you jump to conclusions (again) yes I can trad and yes I am a wfp user as well and have been out there myself when needed.
I believe that your first post did not mention that you can live for a few months without having to take a wage, in this case you are a very lucky person.
Personally if I was in that situation, I would canvass to fill 5 days a week, and work that for the next couple of months myself. I would then consider taking someone on part time to work with me 3 days a week, with the possibility of it becoming fulltime. (2 people should be able to cover the 5 days work) That would leave you free to canvas and build up to a full time position for your chap, whilst still bringing in some money for yourself. Why waste the money you have saved up, by living off it when you don't need to?
Then start again with another guy and so on.
Just a tip when you quote for people, make sure you charge enough to cover all your extra overheads that you will have when employing, but then I expect you already know all about that.
Good luck, I have a feeling you are going to need it!