How to Pay Yourself as a Business Owner?

People go into business because they think they will be able to make more money and thereby be able to finance a more comfortable lifestyle. Sadly, though, most really don't have the correct attitude and  end up strangling the business for cash. In doing so, their business fails. Study shows that 95% of businesses fail during the first 5 to 10 years. Take advantage of this episode to learn what you need to keep in mind when starting a business and pay yourself as a business owner.

Here are a few insights you’ll hear in today’s show…

  • Why do people go into business?
  • Why do the majority or 95% of people going into business fail within the first 5 to 10 years?
  • The difference between re-investing and overspending.
  • How do business owners know how much money to take home money and how much to re-invest back into the business?
  • What are money leaks in the business?

Connect with Annette Ferguson

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 Hello! 

I'm Annette Ferguson

Owner of Annette & Co. - Chartered Accountants & Certified Profit First Professionals. Helping online service-based entrepreneurs find clarity in their numbers, increase wealth and have more money in their pockets.

Build Your Implementable Profit Plan

Change your profitability and stop feeling like you are working so hard just to make sure you can make payroll each month, with the Profit Plan method.

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