How to decide how much to pay yourself from your business when you just started.
Manage episode 329299488 series 3341902
It can be difficult to know how much to pay yourself when you're just starting out. Here are some things to think about:
-How much do I need to pay myself? You should be able to afford a comfortable lifestyle and still have some money left over for your business.
-Am I going to pay myself a salary or an hourly wage? If you have an office job, then you probably have a salary. If you're working from home, then it might make sense to be paid hourly.
-What's my budget like? How much money do I have left over after paying all of my bills and expenses? How much do I need left over after paying myself?
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