The big mistake I made in trying to do this was to hire other people with my same skill sets. I am an engineer and I thought "Ok, I'll just hire more engineers," thinking I would transition to the business side of things. What I should have done was hire people with different skill sets like sales / marketing / etc.
you need to find a recruiter/sales type that wants and is able to start a company with you. you do the interviewing and help sell that you provide value add by picking up the slack compared to a standard people shop. They do the monotonous sales part.