I know it sounds weird. But paying yourself a salary, wages, etc as a business owner can provide financial stability by ensuring a consistent income stream.
Having a fixed salary helps you manage personal expenses and plan for the future. However, excessive personal withdrawals can strain the business financially, impacting its ability to invest in growth or manage unexpected expenses.
With above being made clear, will thrive to strike a balance while you still pay yourself in your own business or you're totally out of this strategy?
Having a fixed salary helps you manage personal expenses and plan for the future. However, excessive personal withdrawals can strain the business financially, impacting its ability to invest in growth or manage unexpected expenses.
With above being made clear, will thrive to strike a balance while you still pay yourself in your own business or you're totally out of this strategy?