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1681: Make A Profit After Paying Yourself by Paula Pant of Afford Anything on Entrepreneurship Advice

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Manage episode 481297858 series 1318600
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1681:

Paula Pant sheds light on a common entrepreneurial pitfall: mistaking personal compensation for business profit. She urges small business owners to distinguish between their role as an investor and as a worker, emphasizing that true profit is what remains after paying yourself a fair wage, not the leftover after expenses minus unpaid labor.

Read along with the original article(s) here: https://affordanything.com/make-a-profit-after-paying-yourself/

Quotes to ponder:

"Profit after paying yourself!"

"I can’t value my time at $0, value someone else’s time at a rate that’s greater than $0, and make an apples-to-apples comparison between the two."

"Don’t take business lessons from the IRS."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2635 episodes

Artwork
iconShare
 
Manage episode 481297858 series 1318600
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1681:

Paula Pant sheds light on a common entrepreneurial pitfall: mistaking personal compensation for business profit. She urges small business owners to distinguish between their role as an investor and as a worker, emphasizing that true profit is what remains after paying yourself a fair wage, not the leftover after expenses minus unpaid labor.

Read along with the original article(s) here: https://affordanything.com/make-a-profit-after-paying-yourself/

Quotes to ponder:

"Profit after paying yourself!"

"I can’t value my time at $0, value someone else’s time at a rate that’s greater than $0, and make an apples-to-apples comparison between the two."

"Don’t take business lessons from the IRS."

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2635 episodes

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