Three Reasons You Should Be Paying Yourself in Your Business
Are you paying yourself yet?
If you’re not, let’s make a plan for how we can change that asap.
If you’re looking at your business finances without factoring in a decent pay for yourself, you’re doing yourself and your business a disservice. You would never ask an employee to work for free, would you?
Here’s a harsh truth:
- If you can’t afford to pay yourself, how will you be able to afford to pay someone else? This leaves you trapped in a no-win cycle.
- Paying yourself is important for you and your family. By paying yourself a percentage you account for ebbs and flows in your sales.
- You deserve to reap the rewards for all of your hard work. Being an entrepreneur is TOUGH and so are you.
So, how do you do that?
Well, first things first –
- Make a plan for how much you will pay yourself going forward with some bonus goals for knocking it out of the park!
- Analyze your prices so that you’re making enough on your products and services.
- Budget your expenses so that you know where your money is currently going.
If you’ve been running a business for longer than a year and aren’t paying yourself – let’s chat.