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Successfully raising capital for a new venture is extremely difficult. Initially, friends and family may form a significant component of investment, but approaching more serious investors for larger amounts of…
Paying yourself a salary as a small business owner: If your business requires your free labour, is it truly viable?
As a small business owner, you may have encountered difficulty in paying yourself a salary, or at the very least a steady and predictable salary. This is not an uncommon problem. Many struggle both with setting their salary at a particular level and with then consistently paying themselves that salary. You may set the salary level based on what philosophy you subscribe to. But paying yourself that salary consistently may need you to change how you think about your business financial management.