12 | Paying Yourself From Your Product Business Is Essential

The Resilient Retail Game Plan - retail insights, retail trends and best practices · Oct 18, 2020 · 26m

Last year I conducted a survey where I asked about 50 small creative product businesses a wide variety of questions, ranging from how they managed their costs to what sort of turnover they were producing. One quite startling figure that arose from this research was that a whopping 75% of the business owners I surveyed did not pay themselves from their creative product business! Paying yourself is something I’m really passionate about. Yes, it makes sense to keep money in the business to help it grow but if you’re not paying yourself from your business then how much freedom and flexibility, as…