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Detailed text transcripts for TV channel - MSNBC - 20150829:09:55:00

other expenses. the real question here is do you pay yourself the min to cover your living expenses 0 are what you re worth? i think investors like to see some kind of flexibility here, maybe build in a ratchet-up system, if you meet certain milestones and numbers, you pay yourself more. if the business is flailing, then you pay yourself less. i think that s important, also consider your corporate structure, whether you re a c-corp, llc or sole proprietorship. there are certain tax implications that go into drawing a salary. my perspective here is pay yourself as soon as possible. there s a couple of reasons. the first is you ve got to cover your bills. it s super hard to stay really committed to a company if you re not making ends meet. for any business owner, feel guilty about it, lake you shouldn t take it out of the company but if you re working 24/7, you have to do it.

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