157 | How Do I Pay Myself As A Business Owner with Katie Hunt

<p><span style="font-weight: 400;">Hey friends! Are you making sure to pay yourself for your work? There’s often a big misconception that only new business owners struggle with how to pay themselves for their time, effort and expertise. However, it’s no secret that both new and experienced entrepreneurs run into this problem from time to time.</span></p> <p> </p> <p><span style="font-weight: 400;">I wanted to make things a little easier for you so in this episode I shared two simple strategies for how to pay yourself based on where you’re at in your business. You’ll hear why you need to pay yourself, how to choose a format of payment that works for you and why you should get on a payment schedule. I also explored why you should keep it simple (and automate where possible), the importance of revisiting your numbers as things change and of course, why you should seek advice from a CPA or financial planner.</span></p> <p> </p> <p><span style="font-weight: 400;">ON TODAY’S EPISODE: </span></p> <ul> <li style="font-weight: 400;"><span style="font-weight: 400;">The misconception that only new business owners struggle with paying themselves</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How I paid myself at the beginning of my business </span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">My recommendations for paying yourself as an experienced business owner</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">How you can look at data and analytics as a point of reference in when making decisions about how much to pay yourself</span></li> <li style="font-weight: 400;"><span style="font-weight: 400;">What to look at when deciding how to use your profits </span></li> </ul> <p>For full show notes and resources, head to: <a href= "https://bit.ly/PTPEp157" target="_blank" rel= "noopener">bit.ly/PTPEp157</a></p> <p><span style="font-weight: 400;">Small Wins Lead to Big Wins</span></p> <p><span style="font-weight: 400;">Building a business is a long game, wo