Hey there everyone! Welcome back to another episode of The Female Empowered Podcast. This week will be all about a topic that’s been talked about over and over in our mentorship groups and it’s how to pay yourself first, not last.
In the past, I did this, too. I wasn’t paying myself because I was just starting my business. This might be great in the beginning, but as your business grows, there should be strategic plans in place because paying yourself first and not last will actually one of the keys for a thriving business!
So make sure that you will give this episode a listen because aside from the ways on how you can start paying yourself, I will also be giving you real-life examples that hopefully you can learn a lot from!
Let’s talk about:
- Introduction to today’s topic
- Where did the belief that owners should not get paid come from
- What it means to pay yourself first and ways that you can do it
- Why it’s important to make sure you pay yourself first
- Misconception: The more you re-invest in your business, the faster you will grow
- The Reality: Prioritizing your pay as the owner will lead to a healthier business, healthier profitability, and better financial decisions
- The benefits of paying yourself first
- Steps on how to set up and make sure you are paying yourself
- The importance of looking into and reviewing your finances
- Examples of where can you cut your expenses in your business
- Taking a hard look into your expenses: why you should do it
- Conclusion
If you have questions on how you can start paying yourself or paying yourself more, schedule a call with me. Go to my website to schedule the call or join our Fit Biz Foundations Group so that we can help you get to where you want to be.
Looking for advice and resources to help you market and grow your clinic or client based business? Visit my website or follow me on Instagram!
Links Mentioned In This Episode:
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Interested in being a guest on a future Female Friday episode? Email me at [email protected]!