Have you ever wondered how much money business owners are actually paying themselves? You probably see tons of social media posts about closing $100K launches, a million dollar year, or other huge numbers, but no one really asks how much of that actually ends up in the CEO’s pocket. In this episode, I’m sharing three different business models with all the key financials outlined to tell you exactly how I would pay myself $50K, $100K, or $300K per year based on various revenue levels. If you’re tired of paying yourself way below market value as a CEO for all the work you do, this episode is for you!
Are you ready to pay yourself a 6-figure salary and build a 7-figure wealth portfolio? My Millionaire CEO Incubator program empowers six-figure entrepreneurs to get off the cash flow hamster wheel and start making wealth-building investments in business and in life. Visit Millionaire CEO Incubator to apply for my signature 6 month profit coaching and wealth-building program!
In this episode, you’ll learn:
0:00 Why it’s important to pay yourself a market rate salary
7:54 Sales vs. Pay vs. Profit
14:45 The $50K Paycheck Business Model
20:05 The $100K Paycheck Business Model
26:40 The $300K Paycheck Business Model
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I’m Sarah Young - a CPA, Virtual CFO, and the Owner of Young + Co! I have over a decade of experience in helping entrepreneurs scale their businesses and build wealth at the 6- and 7-figure levels, and I started the Profit + Prosper podcast to help you do the same. Profit + Prosper is a business finance podcast created to help entrepreneurs build their wealth in a way that’s fun and empowering. This is NOT a boring numbers podcast - I share tactical tips to increase your profit so you can truly prosper in your business and in life. I hope you’ll subscribe so we can Profit + Prosper together!
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