Podcast Ep. 81 Justine McLean - Why paying yourself a wage is important - even if you're a solopreneur!
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Do you pay yourself a wage? It’s a question I ask every business owner I work with and the most common answer is a resounding NO, particularly for those female-led businesses.
There seem to be a lot of reasons why business owners don’t pay themselves a wage, and I’ve heard them all. From the business can’t afford it or I withdraw cash from the business account when I need it, to I’m not really sure what to pay myself so I don’t bother.
But by far the most common answer is, 'I’m a sole trader, I don’t have to pay myself a wage'. There are lots more, and while all of those reasons are fair enough, today I’d like to share why you should pay yourself a wage and a few home truths about the consequences when you don't. So, if you’re in the non-wages camp or you've been toying with the idea of paying yourself a wage, tune into today's episode where I hope to convince you that paying yourself a wage is important and should be on the opt of your to-so list.
This episode is brought to you by
Flossi Creative and Business Money Magnet -
Simple habits to manage your money and supercharge your profits.
Meet The Author
Justine McLean
Business Money Mentor
Justine is the business chick who cares about your profits! With 30 years business experience in retail, ecommerce, service-based business, publishing and insolvency, Justine knows what it takes to start, scale and sell a profitable business. Justine is a registered BAS agent, host of Secrets of Successful Business Podcast and a proud Ambassador for Ladies Finance Club.
