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Grab your essential FREE guide - How to clear excess stock without damaging your brand.
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What do you do when your business grows, but your pay doesn’t? It’s a common issue for product business owners. Today, we’re talking about how to pay yourself sustainably.
Paying yourself from your product business isn’t always straightforward. In this episode, I’ll explain why it’s more complicated than it seems and walk you through some common mistakes and how to avoid them.
We’ll also address myths, like the idea that reaching six figures means you can automatically pay yourself more. It’s not always that simple. You might see your sales grow but still struggle with cash flow.
By the end of this episode, you’ll understand why cash flow can feel chaotic and what you can do to get it back on track. If you’re ready to start paying yourself properly, this episode is for you!
What's Inside?
[02:32] Why product businesses need different strategies
[06:10] Money myths and the metrics that matter
[08:02] The importance of cash flow forecasting
[15:02] What business owners need to pay themselves
[18:46] How to start letting go of your financial fears
[22:56] Get 1:1 support to sort out your retail finances
Resources Mentioned in This Episode:
Retail By Design
Profit First by Mike Michalowicz
Mentioned in this episode:
Get 10% off with SumUp - Use code GamePlan10
https://www.resilientretailclub.com/RRGPsumup
Sum Up - 10% off hardware - use code "Game Plan 10"
Freebie download
Stock Freebie
By Resilient Retail Club's Catherine Erdly5
55 ratings
Grab your essential FREE guide - How to clear excess stock without damaging your brand.
-----
What do you do when your business grows, but your pay doesn’t? It’s a common issue for product business owners. Today, we’re talking about how to pay yourself sustainably.
Paying yourself from your product business isn’t always straightforward. In this episode, I’ll explain why it’s more complicated than it seems and walk you through some common mistakes and how to avoid them.
We’ll also address myths, like the idea that reaching six figures means you can automatically pay yourself more. It’s not always that simple. You might see your sales grow but still struggle with cash flow.
By the end of this episode, you’ll understand why cash flow can feel chaotic and what you can do to get it back on track. If you’re ready to start paying yourself properly, this episode is for you!
What's Inside?
[02:32] Why product businesses need different strategies
[06:10] Money myths and the metrics that matter
[08:02] The importance of cash flow forecasting
[15:02] What business owners need to pay themselves
[18:46] How to start letting go of your financial fears
[22:56] Get 1:1 support to sort out your retail finances
Resources Mentioned in This Episode:
Retail By Design
Profit First by Mike Michalowicz
Mentioned in this episode:
Get 10% off with SumUp - Use code GamePlan10
https://www.resilientretailclub.com/RRGPsumup
Sum Up - 10% off hardware - use code "Game Plan 10"
Freebie download
Stock Freebie

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