How to Pay Yourself as a Business Owner (STOP Living Paycheck to Paycheck!!)

As entrepreneurs, we sometimes tolerate things that we would never put up with if we had a “real” boss – like inconsistent income.

If you’re struggling to figure out how to pay yourself as a business owner, I am going to walk you through how to create a pay structure that will give you a regular salary, no matter your business.

Whether you’ve wondered, “how do I pay myself in business?” or “Should I put myself on a payroll?” this is everything you need to know to create a salary for small business owners. Gone are the days of financial insecurity and inconsistent paychecks.

Paying yourself as a business owner is one of many intersections where entrepreneurship and personal finance meet – and one of the most important for creating peace of mind, developing financial stability, and making good money decisions.
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[DowJanesFinancialEducation]

Where are my entrepreneurs?? I wanna know – what do you do?

[OyinuaFumudohPorbeni]

This is really well explained, clear, and detailed. Thank you!

[marketingempiregroup]

That’s what im talking about. 💯 We should connect, there may be some ways for us to work together.

[jeaninekochstauffer]

Love this video! It gives direction and helps in preparing for the future.

[LeskaProkopets]

I appreciate the explanation on creating personal salary system.

I still do not fully understand how it would work for the case when the business doesn't make enough money to pay the desired salary (to cover basic needs) - where do you get the money to actually pay yourself that salary?


Another question is how do I show to IRS that I'm reinvesting or using the income to reinvest it in the business growth? It still looks like an income that I end up paying taxes on. Would love to know how to it's actually done properly.

Thank you

[tracyscott]

Where do you suggest keeping your Salary Buffer? A separate Business Savings account?

[MagneticUnicornVlogs]

That was super helpful. Thank you for making this video! I can't wait to pay myself a salary!

[tanyalprince]

I wish I lived somewhere where $3500 could be the minimum salary🤣