How to Pay Yourself as a Business Owner?

People go into business because they think they will be able to make more money and thereby be able to finance a more comfortable lifestyle. Sadly, though, most really don't have the correct attitude and end up strangling the business for cash. In doing so, their business fails. Study shows that 95% of businesses fail during the first 5 to 10 years. Take advantage of this episode to learn what you need to keep in mind when starting a business and pay yourself as a business owner.  Here are a few insights you’ll hear in today’s show…Why do people go into business?Why do the majority or 95% of people going into business fail within the first 5 to 10 years? The difference between re-investing and overspending.How do business owners know how much money to take home money and how much to reinvest back into the business? What are money leaks in the business?Resources: How to Get Rid of Money Leaks in 2 Hours - Proven Exercise! - https://www.youtube.com/watch?v=tKDmRApyrwwConnect to Annette Ferguson:Facebook - https://www.facebook.com/UKAnnetteFerguson/Instagram - https://www.instagram.com/annetteandco_/YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qAListen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522