What I Pay Myself (After 10 Years in Business)

Entrepreneurialism

Sep 25

Written By Hey there! I'm Meg:

Stop comparing your income to the six figure coaches.

I’ve been in business for almost 10 years and haven’t reached half of six figures in a single year.

(Watch the reel linked below to find out how much I pay myself!)

Watch the Reel!

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I’ve made poor decisions (way underpricing myself), lost a lot of income during the pandemic, and pivoted my business a few times towards what I really enjoy and want to do (which does lose money during the transition).

And remember that as a business owner in order to take home what you are from your job you have to gross more to cover taxes and expenses.

And you’ll likely experience months where you make a lot of money and others where you don’t make much.

(I had a loss Q1 of this year but my Q3 has been the best I’ve ever had in my 10 years of business.)

I’ve paid myself more in the past but now I’m banking an emergency fund so I never have to experience pandemic loss of income stress again.

✨ I created my online Begin Your Business course to give you a leg up because business is honestly hard and I’m here for you.

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Just getting started in business and looking for a roadmap? Check out my Begin Your Business online course. We’ll cover everything from pricing to forming an LLC, assembling your team to getting your first clients, and everything in between.

Been around the business block and looking to grow? My Self-Employed School online course provides a deep dive on topics including website SEO and design, e-newsletters, social media, public relations, and more. It all culminates in creating an easy and effective marketing strategy for your business.