EP 250: Three Things To Know About Paying Yourself First As A New Business Owner

When starting your new business or taking your side hustle to a full-time gig, how do you know when the right time to start paying yourself is? You certainly don’t want to start withdrawing money from your business too soon. However, it costs money to live. So, you WILL need some money coming in for bills, food, housing, etc. So, the question is… Should you start paying yourself? Should you wait until you’re making “X” amount of dollars? Or… Should you wait until you’re consistently making a profit? Unfortunately, there is no cookie-cutter answer to this question, as your current situation is very likely different from other business owners. However, there are several ways you can speed up the time to start paying yourself and know exactly when the time is right. In this show, Chris discusses three things YOU need to know before you start paying yourself as a new business owner. Get your Dominate Your Day Book https://chriswarnes.com/book/ 👇 SUBSCRIBE TO CHRIS WARNES YOUTUBE CHANNEL NOW 👇 https://www.youtube.com/channel/UCEho... Want FREE coaching & exclusive content in a close, tight-knit community of like-minded, successful people? https://www.facebook.com/groups/96893... Want to learn from our proven systems as E-Courses? •Dominate Your Day: https://chriswarnes.com/dyd-e-course/ •Enlightened Entrepreneur: https://chriswarnes.com/ee-e-course/ •360 Competition Coach: https://teamcwfit.com/e-courses/ ✅Learn from Chris✅🤵Want to be a successful entrepreneur and find the purpose in your life? I'd be happy to explore working with you one on one Start the Journey here. https://chriswarnes.com/ Let's Connect on: •Instagram: https://www.instagram.com/chriswarnes... •Facebook: https://www.facebook.com/christopher.warnes •YouTube: https://youtu.be/9K8pn8f5ftc •LinkedIn: https://www.linkedin.com/in/chris-warnes-27b07277 🔥 Let’s Win Together 🔥