Home » Financial Education » 3 Reasons to Give Yourself a Raise Part of the allure of owning your own business is setting your salary. You’re not beholden to a boss who tells you what your cut of the profit is – when you’re the boss, you make the call As many small business owners have found, deciding what to pay yourself is not always easy. Faced with myriad labor and capital costs, as well as pressure to make the business profitable, owners may choose to “pay themselves last,” scraping by on below-market wages or living off of personal savings. If that sounds like your predicament, consider paying yourself what you’re actually worth. That might be what your competition pays, or the amount you’d need to pay the right candidate to take over…
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