As a business owner are you on salary?

[eldavis]

I met a coach who said business owners should put themselves on salary, that this would help them save more and not spend all of their profits. Personally i think putting yourself on salary is a good idea, it would help you save and at the same time better manage your income.

 

[timewo]

At present due to widespread financial fraud and corruption in the internet sector which I am unable to end despite my best efforts, I am making a huge loss and I cannot afford to pay myself a salary.

 

[fcbetting]

Even if you are owner, you are worker to so you must have salary. According to law every worker must have salary. It can be minimum wage but it can be bigger amount to.

 

[cherry123]

For me j would give myself salary all the time. I know putting oneself on salary is a very good idea as it help one save and spend less money at the same time

 

[IB D]

I pay myself from what the business makes every month as the owner but I am not on an fixed salary.

 

[King Belieal]

I am not on salary but I take profits and decide an amount that would be put back in the business.

 

[nomad]

I operate a small business and I cannot afford to give myself a salary, I mostly take a cut from the profits