skinny.

Latest / Profit Isn’t an Accident | Contractor Profitability, Cash Flow Management, Job Costing , Business Growth, Small Business Finance

052. Should a Business Owner Pay Themselves First? How to Pay Yourself Without Starving the Business

“Pay yourself first” sounds like good advice. But if you take too much cash out of the business too early, you can end up starving the company you are trying to build. In this episode of Profit Isn’t an Accident, we break down how business owners should think about paying themselves without creating constant cash flow problems. We cover the difference between owner compensation and owner distributions, why cash in the bank is not always available cash, how much should stay inside the business, and why your personal finances and business finances need to work together instead of constantly…

The skinny

The skinny isn't ready yet — notes appear once the transcript is processed.