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Episode 4: How Much And When To Pay Yourself + Understanding Your Bottom Line
Small business owners often exclude their salary from the budget at startup because they simply don't have the cash flow. Understanding your bottom line is critical to the success of your business. If your business is constantly seeing profits then it is time to pay yourself. Rule of thumb, use market rates for the job you perform. There are two ways to pay yourself and one way is TAX FREE. Don't forget to head over to www.in15minutesnow.com for notes and links.
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By SelenaSmall business owners often exclude their salary from the budget at startup because they simply don't have the cash flow. Understanding your bottom line is critical to the success of your business. If your business is constantly seeing profits then it is time to pay yourself. Rule of thumb, use market rates for the job you perform. There are two ways to pay yourself and one way is TAX FREE. Don't forget to head over to www.in15minutesnow.com for notes and links.