{"id":1584,"date":"2021-05-30T21:25:48","date_gmt":"2021-05-31T01:25:48","guid":{"rendered":"http:\/\/www.heywardcpa.com\/blog\/2021\/05\/30\/the-one-habit-business-owners-should-adopt\/"},"modified":"2024-12-04T22:28:40","modified_gmt":"2024-12-05T03:28:40","slug":"paying-yourself-is-key","status":"publish","type":"post","link":"https:\/\/www.heywardcpa.com\/blog\/2021\/05\/30\/paying-yourself-is-key\/","title":{"rendered":"Why Paying Yourself is Key to Long-Term Business Success"},"content":{"rendered":"

Entrepreneurs: Be Kind to Yourself<\/h3>\n

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.<\/p>\n

The Problem with Self-Sacrifice<\/h3>\n

Entrepreneurs often neglect to pay themselves consistently despite doing the lion\u2019s share of work. This approach can harm your livelihood, strain your family\u2019s financial health, and ultimately threaten your business\u2019s survival. You wouldn\u2019t ask employees to work without pay\u2014why treat yourself differently?<\/p>\n

A Simple Habit: Pay Yourself First<\/h3>\n

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\u2014taking care of yourself ensures you can continue leading and supporting others effectively.<\/p>\n

Build a Sustainable Business<\/h3>\n

Leadership demands sacrifice, but sustainability requires self-care. By ensuring you\u2019re compensated, you\u2019ll protect both your well-being and your business\u2019s future.<\/p>\n

Schedule a free consultation at www.heywardcpa.com\/form.htm<\/a> today to explore paying yourself – your company’s future depends on it.<\/p>\n","protected":false},"excerpt":{"rendered":"

Entrepreneurs believe in sacrifice. They sacrifice for clients, employees, and vendors and willing to overcome anything that might stand in the way of dreams. The sacrifice mentality affects owners and their families because they do not consistently compensate themselves. With all the effort and perseverance needed to run a small business, a business owner must be able to maintain their livelihood and support their family\u2019s needs, or eventually, the business will fold.<\/p>\n","protected":false},"author":2,"featured_media":1585,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[85],"tags":[9,71],"class_list":["post-1584","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-small-business","tag-entrepreneurship","tag-payroll"],"modified_by":"James E. Heyward CPA","_links":{"self":[{"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1584","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/comments?post=1584"}],"version-history":[{"count":9,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1584\/revisions"}],"predecessor-version":[{"id":1944,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/posts\/1584\/revisions\/1944"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/media\/1585"}],"wp:attachment":[{"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/media?parent=1584"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/categories?post=1584"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.heywardcpa.com\/blog\/wp-json\/wp\/v2\/tags?post=1584"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}