The Graham Cochrane Show cover image

The BIGGEST Money Mistakes Business Owners Are Making | 175

The Graham Cochrane Show

00:00

Making a Big Mistake - Paying Yourself Too Much

Too many people start making money and they start paying themselves way more than they should. That's a quick way to tank your business and short circuit your ability to generate massive wealth down the road. You cannot base your salary off of your good months. If you're super conservative, base it off of your bad months. What is the smallest amount I can pay the employee? Graham: Pay yourself as little as you possibly can.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app