

963. The Owner’s Draw Dilemma: Why You Need To Start Paying Yourself More
Oct 19, 2023
Kelly challenges the conventional wisdom of minimal owner's draw and compensation, emphasizing the link between financial security and mental health. Underpaying yourself can lead to financial stress, affect your ability to lead effectively, and distort true profitability. Paying yourself what you're worth helps drive growth and make informed decisions. The podcast also discusses maintaining work-life balance and building scalable businesses.
Chapters
Transcript
Episode notes
1 2 3 4 5
Introduction
00:00 • 2min
The Importance of Paying Yourself as a Business Owner
02:28 • 3min
Maintaining Balance Between Work and Personal Life and Building Scalable Businesses
05:20 • 2min
Paying Yourself Adequately as a Business Owner
07:42 • 12min
The Importance of Paying Yourself and Understanding Your Owner's Compensation
20:05 • 3min