November 02, 2023

How Much Should I Pay Myself? Using The Profit First Method As A New Business Owner

16 minutes

In this episode, we're diving into the world of business finance and discussing a game-changing system from the book "Profit First." If you're a new business owner and wondering how to pay yourself while maintaining financial stability, you're in the right place.

Starting a business can be both exciting and challenging, and one of the biggest questions new entrepreneurs face is how to ensure they get paid for their hard work. We'll break down the Profit First system, a revolutionary approach to managing your business finances that prioritizes your paycheck.

In this episode, we'll cover:

- The key principles of Profit First

- Setting up your Profit First accounts

- Allocating your income effectively

- Strategies to ensure you pay yourself consistently

Whether you're just starting out or looking to improve your financial habits as a business owner, this video will provide you with practical tips and insights to make sure you're not just surviving, but thriving in your entrepreneurial journey.

Links mentioned in the episode:

Get "Profit First" by Mike Michalowicz: https://amzn.to/3sKIcAd

Let's get started on your path to financial success as a business owner. Listen to this episode now and start paying yourself what you deserve with the Profit First system!

Follow me on Instagram: @drmorganmeese | Join my Facebook Group: DPT to CEO | Ready to start your own cash based practice? Let's talk! morganmeese.com/bookacall |

MUSIC: We Are The Best Team! by WinnieTheMoog Link: https://filmmusic.io/song/6235-we-are-the-best-team- License: ⁠⁠⁠http://creativecommons.org/licenses/by/4.0/⁠⁠⁠

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By Morgan Meese

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