Description

In this episode of The Small Business School, we tackle the question: how should you determine your own salary as a business owner? You need to pay yourself fairly while considering your roles in the business.

Topics Covered:

• The importance of paying yourself for the work you do in your business and a step-by-step approach to determine your worth based on market standards.
• How to differentiate between paying yourself as an employee and compensating yourself as a shareholder.
• Why it's crucial to look at your business as an outsider and assess its health objectively.

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