Last Updated on 10 months by Heyward CPA PLLC
Entrepreneurs: Be Kind to Yourself
Running a business requires sacrifices, but many entrepreneurs sacrifice their compensation for the sake of their teams and operations. While this mindset reflects dedication, it can jeopardize personal and business stability. Prioritizing your financial well-being is essential to sustaining your venture for the long term.
The Problem with Self-Sacrifice
Entrepreneurs often neglect to pay themselves consistently despite doing the lion’s share of work. This approach can harm your livelihood, strain your family’s financial health, and ultimately threaten your business’s survival. You wouldn’t ask employees to work without pay—why treat yourself differently?
A Simple Habit: Pay Yourself First
Start small by setting aside $50 or $100 per pay period. As your business grows, gradually increase your compensation and reward yourself with bonuses. Think of it as putting on your oxygen mask first—taking care of yourself ensures you can continue leading and supporting others effectively.
Build a Sustainable Business
Leadership demands sacrifice, but sustainability requires self-care. By ensuring you’re compensated, you’ll protect both your well-being and your business’s future.
Schedule a free consultation at www.heywardcpa.com/form.htm today to explore paying yourself – your company’s future depends on it.