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Podcast Ep. 81 Justine McLean - Why paying yourself a wage is important - even if you're a solopreneur!

business business tips podcast Nov 22, 2022
Justine McLean, a woman with long blond hair tied behind, wearing glasses, a dark pink shirt, and a black jacket, smiling, with arms open wide, on a pale blue background

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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.


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