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So you’ve hired your first employee. Work is getting done and you don’t have to be the person to do it all! Now that you have all of this free time... (◔_◔) let’s take 5 minutes to understand how to pay your employee.
We get asked this question a lot. And for good reason, it’s not always clear how much you should be taking home as an owner. Too much and you will starve your company of cash. Too little and you might as well just get a job. It’s a tough balancing act, but this article will give you a framework to answer the question for yourself.