When to Start Paying Yourself as a Business Owner

When you are starting a business, the last thing you should be thinking about is paying yourself. What you should be thinking about is your budget and/or funding you may need to get your business off the ground. RELATED: How to Set Your Business Up for Financial Success Let’s fast forward a little bit. You are 2-3 years in. You are selling products, services or both and there is money coming in. (If there is no money coming in you need to make a change – that’s for another article.) Generally, if you are selling products when a product sells you make a profit. It really is that simple and at some point you should pay yourself for all of the hard work you have done. With business, like your personal life you have several expenses – some variable and some not that you pay monthly. This is where a lot

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