Should I Sacrifice a High Salary for Business Growth?

Today we’ll hear about:
• How to determine your salary as a business owner
• Why delegation is the key to running a successful business
• How raising prices is essential for all businesses
• A business owner struggling with how to prioritize clients

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[rachelhartzler]

To the surveyor who called in - I am the owner of a civil engineering company and I can relate to you so much. Ugh. I truly felt like it took me three years of training/working until I was competent as an engineer, and it really takes that long to train people.

[mvubu]

Great advice.
Exactly right
And don't forget to PAY FOR YOUR RETIREMENT!

[benjaminhathaway]

What about depreciation for taxes on the trucks?

[soundcastsudios]

"I'm not a college professor who's never made payroll"

[legionte]

I heard one saying that it isn’t a business until you can walk away and it still runs.

[daver]

Rare disagreement with Dave.... I'm not a landlord so I'm definitely not an expert. Friends that are don't raise rent on star tenants. They would rather have a perfect tenant that pays on time and causes zero problems than the unknown. One has the same tenant for 10 years and never increased rent once.
Turnover is expensive- paint, carpet, mess, missed rent, etc. That's all assuming they didn't steal appliances and trash the place. Good luck chasing them down too. You'll never see a dime.