For people who run their own business?

[TDN]

I'm just curious, how do you pay yourself?

If you are the boss of your own business do you give yourself equal pay or give yourself extra?

I'm not wanting to sound rude, I'm writing a story where the main character owns a shop, just wondering how much extra he should get.

 

[John E]

dkjfkdjfkd

 

[Scott]

Usually I get paid less because I am not able to bill for all the hours I work.

 

[krolikman]

For your character's sake, it will depend on what stage the shop is at fiscally.

Is it just starting out? If so, he should be about what he needs to live on, and invest the rest back into the shop.

If the shop is losing money, he'll need to take even less in order to make ends meet. This is when the business starts looking for investors and such.

If he's at a point where he's solvent, he could start taking more than he needs. I take a little more than I need in order to run investments through a different LLC.

 

[Lorelei]

More pay. The work isn`t over at the end of the workers day. There`s still loads for the boss to do.