Comments on: How much should a business owner pay himself? Is it a certain percentage, or a set dollar amount? http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/ Sat, 04 Sep 2010 12:29:43 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Website Optimization Company http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/comment-page-1/#comment-169 Website Optimization Company Sat, 04 Sep 2010 12:29:43 +0000 http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/#comment-169 Its hard to decide Its hard to decide

]]> By: John A http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/comment-page-1/#comment-154 John A Mon, 09 Jun 2008 19:38:53 +0000 http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/#comment-154 You don't pay yourself anything until you calculate your net income. That's your profit after all expenses. After you are sure you have a profit, you can dip into that for your needs, but don't deplete it. Many business go belly up because the owner thinks because he worked hard he deserves a paycheck. You do not deserve a paycheck unless you have profit in hand. You don't give yourself a paycheck based on income which is on the books, only income that is already in the bank. If you follow that rule your business will survive. You don’t pay yourself anything until you calculate your net income. That’s your profit after all expenses. After you are sure you have a profit, you can dip into that for your needs, but don’t deplete it. Many business go belly up because the owner thinks because he worked hard he deserves a paycheck. You do not deserve a paycheck unless you have profit in hand. You don’t give yourself a paycheck based on income which is on the books, only income that is already in the bank. If you follow that rule your business will survive.

]]> By: Michael F http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/comment-page-1/#comment-153 Michael F Sun, 08 Jun 2008 03:47:38 +0000 http://www.business-blogger.com/how-much-should-a-business-owner-pay-himself-is-it-a-certain-percentage-or-a-set-dollar-amount/#comment-153 Pay yourself an hourly, collect a paycheck from one business, and one from the other. At the end of the year - you take a nice bonus from your end year profits. I receive a salary as CEO and President of my company, plus receive quarterly dividends from my stock ownership in the holding company and various holdings in the subsidiary companies. Pay yourself an hourly, collect a paycheck from one business, and one from the other.

At the end of the year – you take a nice bonus from your end year profits.

I receive a salary as CEO and President of my company, plus receive quarterly dividends from my stock ownership in the holding company and various holdings in the subsidiary companies.

]]>