How Much Should You Pay Yourself As A New Business Owner

How Much Should You Pay Yourself As A New Business Owner | Profit First Method

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Күн бұрын

In this video, I will be explaining how much you should pay yourself as a new business owner. I will be using the Profit First Method by Mike Michalowicz
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Disclaimer: I am sharing this video based on my own personal experience.
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Пікірлер: 39

@iamDestinyAdams Жыл бұрын

Download Template Here: www.iamdestinyadams.com/collections/business-resources/products/profit-first-yearly-business-budget-template Use Code: PROFITFIRST

@brittaniboutique Жыл бұрын

So happy to have found his channel! God bless you for sharing your knowledge! God Bless you, your family and your business(s)

@CharlesBooth-iw8jm 6 ай бұрын

This all comes down to how people lifestyle style just because you own a Business doesn't mean drown yourself in debt and live above your meanings if you start small and grow your lifestyle then you'll tend to spend less in less in taxes and in expenses to profit more to reinvest in your business

@kaiuofficial1200 Жыл бұрын

Destiny, if you ever see this just know you have given me more value than the courses I’ve paid over $100 for. I got my business address and phone number because of you and I know there’s so much more to learn. Grateful is an understatement

@iamDestinyAdams Жыл бұрын

So glad to hear. This made my day. I appreciate it so much!

@antionettemurray6389 2 ай бұрын

You the first one that broke it all down so easy Thankyou for this.

@lashawndalagriffin7201 Жыл бұрын

Thank you so much this is so helpful 😃

@Misedwards2u Жыл бұрын

This is super easy and to the point! Thank you! I’m definitely going to purchase this spreadsheet. I’m starting my business soon by myself and this is going to save me so much time.

@jadaeharmon579 Жыл бұрын

Thank you so much for this! I’ve been struggling with what to pay myself and put away. I will open two more accounts for profit and taxes asap. Also-Thanks for the downloadable content 🖤

@tayloryyaj899 Жыл бұрын

Thank you so much you are appreciated! ❤

@iamDestinyAdams Жыл бұрын

You’re welcome 💚💚

@__makeupbytati 4 ай бұрын

Currently creating business plan and needed help with money management breakdown. This video was very helpful.

@adejokediamond Жыл бұрын

OMG! You’re just an answered prayer 🙏 Thank you so much for sharing this

@iamDestinyAdams Жыл бұрын

You’re welcome 🥰🥰

@etherealfolkboy Жыл бұрын

You are so helpful! Thank you!

@iamDestinyAdams Жыл бұрын

You’re welcome 💚

@destyneptv Жыл бұрын

Hi, I’ve been binge watching your channel this week at work. Great content!’ I know you’ve said you can’t be luxury and affordable but what about selling different priced collections within your hair company? Such as virgin collection (lower cost) & raw collection (higher cost). Could you please do a more in depth video on that. Is it a good idea for both or do you have to choose? Are you selling yourself short if you do both ?

@wealthywoman662 Жыл бұрын

Thank you sooooo much!

@iamDestinyAdams Жыл бұрын

You’re welcome 💚💚

@willaribraheem4140 Жыл бұрын

TY for Sharing 💯

@iamDestinyAdams Жыл бұрын

You’re welcome 💚

@yourhostfrancesca Жыл бұрын

Thank you for this, there is not a lot of information out on this topic!

@iamDestinyAdams Жыл бұрын

You’re welcome! I was thinking the same!

@jaquintastewartrosegold988 Жыл бұрын

So glad you made this video. Because i just noticed I haven’t been paying myself. Thank you ❤

@iamDestinyAdams Жыл бұрын

Yesss and you’ve been putting in work!!

@kira3ls Жыл бұрын

A must!

@iamDestinyAdams Жыл бұрын

Absolutely

@Kristinaa999 8 ай бұрын

thank you

@iamDestinyAdams 8 ай бұрын

You're welcome

@eprohoda Жыл бұрын

yaahoo-Yeah. interesting masterpiece, 😇

@iamDestinyAdams Жыл бұрын

Thank you!!

@lisaerewa806 5 ай бұрын

Hi, Destiny. Thank you for this video. I do have a question..... What is a good percentage to set aside to donate to charities/ organizations?

@AdjaeHall Жыл бұрын

I made a mistake and made myself a registered agent on my Llc and made my daughter the manger. What do I have to do to make myself the only owner of my Llc. Thank you for this video and all your other videos.