On Your Terms®

58. Paying Yourself 101 [Everything Business Owners Need to Know]

29 Aug 2022

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Congratulations: Your Business, LLC has just made a sale! Time to go shopping—right? Hold up! That money actually belongs to your business, not to you. So how do you get paid? And how do you do it in a legally legit way? That’s what we’re going to talk about today. I’m going to share how I paid myself in the beginning, the step-by-step process I recommend for setting yourself a financial cushion, and how to get to a place where you can pay yourself consistently. In this episode, you’ll hear…02:58 - How I started my business and handled money early on07:40 - How I paid myself when I started10:05 - Making an owner’s draw (actually paying yourself)15:13 - Paying yourself is not a business expense18:21 - Being responsible with money19:24 - Putting yourself on payrollIf you’d like a shoutout (and a chance to win a $20 gift card), just leave a review on Apple Podcasts and send a screenshot of it to me on Instagram via DMs!Click here to find the full show notes and transcript for this episode.RESOURCES:Megan NaaszLittle Fish AccountingVisit ADP for payroll support (affiliate link)Episode 53. The Millionaire Myth in Online BusinessEpisode 7. The First 3 Steps to Legally Protect Your Business (Where to Start!)YouTube Video: This Will Save You Money on Your TaxesClick here to watch the free workshop so you can get legally protected right now! LEARN:Read Sam's Blog for the latest legal tips, podcast episodes & behind the scenes of building her seven-figure business.Listen to our customer stories to see how getting legally legit has helped 1,000s of entrepreneurs grow their own businesses.CONNECT:Get Sam’s weekly email full of legal tips, marketing advice to grow your brand, and the behind-the-scenes of building your own online business.Join the Free Legal Workshop to learn how to get your business legally legit™️ today!Follow Sam on Instagram for legal tips, business-building advice & daily food + Hudson picsLike us on FacebookFollow my podcast, On Your Terms®, on Instagram so you catch all our episodesSubscribe and follow on all podcast platforms and activate notifications...

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13:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

01 Jan 1970

Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

01 Jan 1970

El Partidazo de COPE

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On Your Terms®

58. Paying Yourself 101 [Everything Business Owners Need to Know]

This episode hasn't been transcribed yet

Other recent transcribed episodes

13:00H | 21 DIC 2025 | Fin de Semana

10:00H | 21 DIC 2025 | Fin de Semana

12:00H | 20 DIC 2025 | Fin de Semana

2ª PARTE | 06 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 22 ENE 2026 | EL PARTIDAZO DE COPE

3ª PARTE | 04 MAR 2026 | EL PARTIDAZO DE COPE

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