Artwork for podcast Financial and Lifestyle Freedom for UK Business Owners
How to Pay Yourself as a Business Owner?
Episode 378th April 2022 • Financial and Lifestyle Freedom for UK Business Owners • Annette Ferguson
00:00:00 00:12:15

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People go into business because they think they will be able to make more money and thereby be able to finance a more comfortable lifestyle. Sadly, though, most really don't have the correct attitude and end up strangling the business for cash. In doing so, their business fails. Study shows that 95% of businesses fail during the first 5 to 10 years. Take advantage of this episode to learn what you need to keep in mind when starting a business and pay yourself as a business owner.

  

Here are a few insights you’ll hear in today’s show…

  • Why do people go into business?
  • Why do the majority or 95% of people going into business fail within the first 5 to 10 years? 
  • The difference between re-investing and overspending.
  • How do business owners know how much money to take home money and how much to reinvest back into the business?
  •  What are money leaks in the business?

Resources: 

How to Get Rid of Money Leaks in 2 Hours - Proven Exercise! - https://www.youtube.com/watch?v=tKDmRApyrww


Connect to Annette Ferguson:

Facebook - https://www.facebook.com/UKAnnetteFerguson/

Instagram - https://www.instagram.com/annetteandco_/

YouTube - https://www.youtube.com/channel/UCkohh_X-4R5mKfEW9rBQ1qA

Listen to the Podcast - Financial and Lifestyle Freedom for UK Business Owners -

https://podcasts.apple.com/gb/podcast/financial-and-lifestyle-freedom-for-uk-business-owners/id1473582522


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