1681: Make A Profit After Paying Yourself by Paula Pant of Afford Anything on Entrepreneurship Advice

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com. Episode 1681: Paula Pant sheds light on a common entrepreneurial pitfall: mistaking personal compensation for business profit. She urges small business owners to distinguish between their role as an investor and as a worker, emphasizing that true profit is what remains after paying yourself a fair wage, not the leftover after expenses minus unpaid labor. Read along with the original article(s) here: https://affordanything.com/make-a-profit-after-paying-yourself/ Quotes to ponder: "Profit after paying yourself!" "I can’t value my time at $0, value someone else’s time at a rate that’s greater than $0, and make an apples-to-apples comparison between the two." "Don’t take business lessons from the IRS." Learn more about your ad choices. Visit megaphone.fm/adchoices