The Scrappy Business Owner

44 - Start Paying Yourself in 2023


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Whether you're just starting your business or have been in business for a while, chances are you've never paid yourself or if you have, you don't do it regularly. My goal in this episode is to encourage you to shift your mindset now so you can kick off 2023 ready to start paying yourself!

Here are a couple mindsets you may be facing when it comes to actually writing their own paycheck:

  1. You have expenses and "can't afford" to pay yourself;
  2. You don't have a clue what you should pay yourself;
  3. It doesn't feel like you're being responsible if you don't put everything back into the business;
  4. You probably need to trim some expenses, but you're not sure what.

This episode is full of practical tips on how to not only prepare to start paying yourself, but actually start writing out your paycheck. One helpful resource I mention is the book Profit First by Michael Michalowicz (get it on Amazon here). You'll definitely want to add this on your Christmas list so you family can get it for you this year!

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The Scrappy Business OwnerBy Holly Jochims: Small Business Marketing