How to decide how much to pay yourself from your business when you just started.


Manage episode 329299488 series 3341902
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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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