There is a method to my madness OR you could defiantly say a madness to my method!
I love creating a different % for all your ‘buckets’ and owner’s pay is a bucket you should contribute to!
Your % may start small and then we work to increase it. There’s no “right” way so we do the work to find the sweet spot but…it’s so worth it!
Paying yourself as a business owner is a non-negotiable!
I like to pick two days a month for owner pay. Personally, it’s the 10th and 25th.
I look at the cash I’ve taken in and multiply it by my owner pay %. Then I transfer it and move on!
It’s an easy system and it makes sure that I get it done..every month!
The last thing we want to do is wait until the end of the month and pay ourselves what’s ‘left over’.
Managing cash is important so we can stick to an operating expense budget, pay ourselves, save for taxes, and save for a rainy day.
If you don’t know where to start- schedule a free call! This is what I do and would love to talk to you.