How to Pay Yourself as a Small Business Owner | Pay Yourself Correctly!

Wondering How You Should Pay Yourself as a Small Business Owner? Many small business owners struggle with how to pay themselves correctly in their small business. You don’t just pocket what is leftover! That’s not how it works.

By understanding how to correctly account for your owner's pay vs your employee pay, you will run a better business which will ultimately lead to more business profits (and owners pay!).

I’ll break down what it would look like and why it will help you price your products and services better as well. So let's dive in and learn how to pay yourself correctly in your small business!

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WANT TO DIVE IN DEEPER & LEARN MORE ABOUT YOUR NUMBERS?

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WANT MORE? HERE ARE SOME OTHER VIDEOS TO HELP…

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PLAYLISTS TO CHECK OUT:

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FREE GUIDES / TOOLS

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Books I Recommend to All Small Business Owners – 5 Must Reads

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COURSES to HELP YOU
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TOOLS TO HELP YOU RUN A BETTER BUSINESS

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MORE:
👉 Listen to the Badass Business Owner Podcast
👉 Want to Help Support the Channel? Click the Super Thanks! 
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👉 DISCLAIMER on Affiliate Links: I occasionally will have some affiliate links & I do earn a small commission but at no cost to you. I only recommend companies or items that I believe will save you time, money or help make your business better

👉 DISCLAIMER: I am not an attorney, CPA, bookkeeper, insurance agent or financial advisor. My videos/podcast are for entertainment & educational purposes only and should not be construed as tax, legal, insurance or financial advice. Please seek out a qualified CPA, attorney, or specialist as needed. I’m sharing my experiences with my businesses and those I have worked for and/or helped coach.

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Local Small Business Owners are the Backbone of All of Our Communities!


WHO IS THIS FOR: small business owners who serve their local community, local small business owners, service based business owners, mobile businesses, brick and mortar businesses, handymen, landscapers, pool cleaners, cleaning services, carpet cleaners, window cleaners, ice cream shops, QSRs, restaurant owners, mechanics, plumbers, electricians, real estate agents, dog groomers, franchisees, tradesmen, appliance repair, dog walkers, insurance, pet business owners, cake makers & those looking to increase profits, boost sales, improve processes and develop stronger teams. Entrepreneurs who want to make more money & know their business numbers better!

#BABOLearning #KnowYourBusinessNumbers #SmallBusinessOwner

[elle_park]

thank u so much! so much thankful that I found your yt channel. Helpful indeed for students like me to try to learn business properly. Watching your vids made me realize all the mistakes I made in the past few years.

[BadassBusinessOwners]

*_How Are You Currently Paying Yourself in Your Business? - Tammy_*

[vikasrajak]

Your videos are so so knowledgeable
Day in / day out I use your formulas...
awesome

[_dantheman]

This is great! You are making it super easy to understand and easier to correct my business numbers!

[animemoreshop]

Hi Tammy or Audience.

The fair wage amount comes out as cash but where would it be reported and what account would it be from retain earnings or owners equity? Or just comes out as cash out from the Business checking account and could be transfer to a personal account? I am sorry learning baby steps. Thank you for the content!!!

[greggdean]

Someone recently added cot of living under the numbers for profit as well. What advice do you have about that? Because of that, numbers didn't look good. Without, they obviously looked better.

[aquaticamigo]

I’m starting a small business and need lots of help I’m not very educated didn’t even finish high school 🏫 and I’m 47 year old that needs help … is there a person I can pay to school me in getting customers … how to go buy doin that .. ??

[EmXOmusic]

Love the video! Can you teach me the best way to pay my wages? Do I write a check from the business to myself? Do I take it all in the owners draw?