The Co/LAB

The Co/LAB


Tackling The Taboo Of How To Pay Yourself

September 07, 2021
Description:

The dream of owning your own business is often accompanied by thoughts of turning all that hard work into a big payoff. But many small business owners ask how to pay yourself? In reality, that paycheck may not be as big as you expect. In fact, many small business owners don’t take one the first few years their company exists. There are many misconceptions when it comes to paying yourself as a business owner, but The CoLab hosts Megan Marsh and Andres Munar have tips and resources to set you on the path to success and financial security.

Show Notes:

It’s a rarely discussed topic but one that every small business owner eventually faces: How in the world do you pay yourself? Is there a secret formula? Does it depend on the business you’re in? There are right and wrong ways to pay yourself as a business owner. It’s tempting to think that any money that comes into your business bank account is yours for the spending, but figuring out your income is much more complicated than that. It’s important to do the research, lay the groundwork, and establish the right systems to set yourself up to be successful.

Ready to dive in? Here’s what we’re covering in this episode of The CoLab:

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