Deciding how much to pay yourself can be tricky. Here’s how to determine what you’re worth.
It’s your business and your budget — which means the size of your paycheck is entirely up to you. But while the freedom of setting your own salary sounds great in theory, in practice most business owners find it tough to call.
Should you pay yourself what you need to cover expenses? What your business can afford? The salary you left behind to launch your business?
Your salary needs will depend on your living expenses, financial situation and comfort level with drawing on personal savings.
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