We’re revisiting some of our most popular and helpful podcasts from the last year. For this week, we are replaying episode 101.
One of the biggest reasons people have for starting their own business is that they want to be their own boss. What many new entrepreneurs quickly realize, however, is that the boss doesn’t always get paid that much in the beginning.
Hopefully, as your business grows, there might be more cash flow left over each month. But how do you know when the time is right to give yourself a raise? Or when you should be investing in a different area of your business to help it grow even more?
That’s why for this episode, we discuss:
The system we teach our clients for how to pay themselves responsibly
Why your personal finances play a huge factor in your salary
Why it’s almost impossible to decide on your monthly salary without a Profit and Loss statement
How a forecast and budget can make adjusting your salary a much easier decision to make
Why your goals for growth play a huge part in your ability to increase your salary