Pete Mack
New Contributor
- Joined
- Jul 25, 2021
- Messages
- 5
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User Power: 40%
I didn't have a systematic way of paying myself for many years running my business. I was a spend-a-holic !
Then I discovered Profit First and that book gave me a good slap about the head. I knew I had to make radical change and I did.
But I'm shocked by the lack of reward many business owners seem content with in their businesses. The "plough profits back" into the business mentality, people spending $24k per year on a coaching program for 2+ years and still only drawing out a pittance for themselves AND thinking that they're doing well !?
Do you systematically pay yourself AND draw profit out of your business?
Then I discovered Profit First and that book gave me a good slap about the head. I knew I had to make radical change and I did.
But I'm shocked by the lack of reward many business owners seem content with in their businesses. The "plough profits back" into the business mentality, people spending $24k per year on a coaching program for 2+ years and still only drawing out a pittance for themselves AND thinking that they're doing well !?
Do you systematically pay yourself AND draw profit out of your business?
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