Ep #123: Owner's Pay 101: What It Is, How It Works, and Why It Matters

If paying yourself from your business is inconsistent, delayed, or feels oddly complicated, you're not alone—and it's not because you're 'bad' with money.   In this episode, I'm breaking down Owner's Pay 101 and showing you exactly how to pay yourself based on your business structure, whether you're a solo business owner, an LLC, or a corporation.   We'll cover what owner's pay actually is (and what it is not), why leaving it undefined always means you come last, and how owner's pay works through payroll, owner's draws, and distributions.   Just as importantly, we'll address the emotional patterns that keep so many capable, successful women hesitant to pay themselves consistently, including the 3 leadership shifts required to stabilize owner's pay.   Paying yourself consistently isn't about spreadsheets or systems. It's about ending the cycle where your business gets richer while you stay financially tight.   In this episode, I talk about: What owner's pay is, and why it's not "whatever is left over."   How owner's pay works for solo businesses, LLCs, and S Corporations.   Why underpaying yourself is rarely about math and always emotional.   How ballooning expenses often replace paying yourself without you realizing it.   Why consistency matters more than the amount when paying yourself.   The three leadership shifts required to stabilize owner's pay.   ~~   For full show notes, transcript, and to check out Kendall's NEW FREE workshop Your Pricing Breakthrough, click here: www.themoneycoachschoolpodcast.com/123