NEWS How much small business owners should pay themselves

[Connor909]

Based on their net business income and business objectives, small business owners should pay themselves a certain amount. It is crucial to remember that the income they should take home will depend on the size, profitability, and other aspects of the company.

 

[Gandiba]

Yes you are right, if you own a business or company you have the right to do whatever you like, but still you have to be careful, being careful with how you spend will help.

Doing what you like in the Sense that it will bring about success towards your business.because if care is not taken one will end up been the negative otherwise been on the losing side than winning.

 

[eLdavis]

The amount a small business owner should pay themselves mainly depends on how much they are able to make on a monthly basis and how much they can release for their personal use.

 

[Immilash]

Doing what you like in the Sense that it will bring about success towards your business.because if care is not taken one will end up been the negative otherwise been on the losing side than winning.

Yeah that's why what you are doing has to be your passion, it will help a lot, but if you don't have any passion you might not have the best results you are looking for.

 

[Good-Person]

I don't think there's need for business owner to pay themselves. As a business owner, the business belong to you and you can decide to do what you want with your business money. So, there's no need for business owner to pay themselves.

Well, I think that a person must consider himself as an employee of his own business and have a fixed amount of salary set for himself if he believes that he must be paid by his own business.

 

[Immilash]

Well, I think that a person must consider himself as an employee of his own business and have a fixed amount of salary set for himself if he believes that he must be paid by his own business.

That's just the fact, as a business owner you are also expected to pay yourself, this will help you a lot especially in terms of gaining good motivation.

 

[Imran_Noori]

I think a real entrepreneur don't really do takes his business income as personal but an earning that is expected to be used effectively. at least make some amount that is reasonable to pay yourself from the business.

You are right, a successful entrepreneur is always trying to invest more to improve his or her business but besides that, they themself also need to take some amount for their daily expenses.

 

[Immilash]

You are right, a successful entrepreneur is always trying to invest more to improve his or her business but besides that, they themself also need to take some amount for their daily expenses.

That's just the fact about it, if you have a business you are expected to find new ways of making it to be successful, is not all about earning money knowing how to manage the business is very important.

 

[Imran_Noori]

That's just the fact about it, if you have a business you are expected to find new ways of making it to be successful, is not all about earning money knowing how to manage the business is very important.

I agree with you, if you have a successful business and you are managing it very will then you can develop it and create branches for your businesses, if you are successful, money itself will flow.

 

[Immilash]

I agree with you, if you have a successful business and you are managing it very will then you can develop it and create branches for your businesses, if you are successful, money itself will flow.

I completely agree with what you've said, if you have a successful business you'll definitely bring up some Businesses, it will help you to have a multiple income streams.

 

[Imran_Noori]

I completely agree with what you've said, if you have a successful business you'll definitely bring up some Businesses, it will help you to have a multiple income streams.

This is the case, in today's world if you want to be successful and have a good life then you should build several income streams because if one is not working then you can earn from others.

 

[Good-Person]

You are right, a successful entrepreneur is always trying to invest more to improve his or her business but besides that, they themself also need to take some amount for their daily expenses.

Investing more and more money is not the issue. I Would invest a lots of money if I want, but if I have no idea about investments, then I may end up losing money for sure.

 

[Immilash]

This is the case, in today's world if you want to be successful and have a good life then you should build several income streams because if one is not working then you can earn from others.

That's true, and also if you are deciplined you'll definitely earn the amount of money you want, this are one of the very important things that helps In ones success.

 

[Abigael]

As a business owner, it is up to you to decide how much you will pay yourself regularly. Which is great as it will prevent you from using up all the profits and having non for the stock.

 

[Agbalagbaa]

As a business owner, it is up to you to decide how much you will pay yourself regularly. Which is great as it will prevent you from using up all the profits and having non for the stock.

By clearly stating out the percentage of profits that you would pay yourself with, it eliminates the tendency of excessive spending. It usually helps one to keep a healthy financial life.

 

[Immilash]

As a business owner, it is up to you to decide how much you will pay yourself regularly. Which is great as it will prevent you from using up all the profits and having non for the stock.

Yes you are right, paying yourself will help a lot especially in terms of gaining motivation, I believe we all need to be motivated before we can get to were we want.

 

[Trey]

I believe that no matter how little the revenue of a business is, the owner must try to pay himself something. That alone can be a motivating factor for him to sacrifice and push the business higher.

 

[Good-Person]

Yes you are right, paying yourself will help a lot especially in terms of gaining motivation, I believe we all need to be motivated before we can get to were we want.

Well, I do not pay myself, but I try as much as possible to manage my budget and income in the best way. However, I believe that a person should reward himself for an achievement.

 

[Imran_Noori]

Investing more and more money is not the issue. I Would invest a lots of money if I want, but if I have no idea about investments, then I may end up losing money for sure.

This is the case, if you want to have big profits from your investments then you should definitely have the knowledge of what you are doing, if not you may lose all your money.

 

[Gandiba]

Yeah that's why what you are doing has to be your passion, it will help a lot, but if you don't have any passion you might not have the best results you are looking for.

In as much as you want to succeed and make profit in your business. You have to work on every aspect of the business towards problem solving. It helps and generate profit in business.