How much are you paying yourself?
As a business owner, and entrepreneur, determining how to pay yourself can be very perplexing. I heard many business owners say that they are not paying themselves at all. It can be extremely difficult to figure out exactly what you should pay yourself, as well as how much and when.
I came across this article that provides a few tips and thoughts on how to define your salary. Things such as:
- Knowing your value
- Budgeting and Reinvesting in the business
- Understanding the numbers
I realize all of the answers aren’t presented in this article, but it certainly increases the awareness of several important elements for determining your salary as the business owner. Read it and share your thoughts.
How Much Should I Pay Myself – American Express OPEN Forum.
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