Are You Paying Yourself Fairly?

Many business owners underpay themselves, which can often lead to burnout. They take a standard executive salary instead of compensating themselves based on their actual production. A more strategic approach is to pay yourself based on the actual revenue you generate, similar to how you would pay an associate or employee. Many owners find that if they compensated themselves at a typical flat percentage rate they would make more than their standard salary.

Failing to structure appropriate compensation can leave business owners feeling overworked, underpaid, and questioning whether ownership is worth it. The key is to balance financial discipline with fair compensation that reflects your work and your contributions to your business.