Overview

This session breaks down what "paying yourself first" really means and how to implement it without neglecting taxes, business expenses, or savings. You'll learn the difference between profit and owner’s pay, how to plan your cash flow around your personal income needs, and what to watch out for when setting your pay structure.

Why you should Attend

If you're unsure how much you can safely take home each month, or if you've been avoiding paying yourself altogether, this session will show you how to change that. You'll walk away with a system that helps you prioritize both your income and your business health.

If you're paying yourself based on what's left over, you'll always feel behind.

Discover how to confidently set your owner's pay, even with variable income, and stop treating your business like a personal ATM.

Areas Covered in the Session

• The difference between owner's pay, profit, and distributions
  
• How to calculate sustainable owner's pay for your business stage
  
• Cash flow considerations for variable income months
  
• How to balance reinvesting in your business while paying yourself
  
• Setting up simple systems to automate your paycheck
  
• Common mistakes solopreneurs make when paying themselves
  
• How to use percentages or fixed draws depending on your income model
  
• Building a pay structure that grows with your business
  

Who Will Benefit

• Solopreneurs
• Freelancers
  
• Coaches and Consultants
  
• Online Business Owners
  
• Self-employed Professionals
  
• Bookkeepers and VAs supporting service-based businesses