meta_pixel
Tapesearch Logo
Log in
The $100 MBA Show

MBA1259 How Much to Pay Yourself When Starting a Business

The $100 MBA Show

Omar Zenhom

Marketing, Entrepreneurship, Careers, Business

4.91.2K Ratings

🗓️ 7 May 2019

⏱️ 14 minutes

🧾️ Download transcript

Summary

What are you worth to your company? When creating a business plan, new entrepreneurs often forget to budget for one extremely important item: their own salary. Thing is, your personal financial health is just as important to your business as any other factor — especially if you’re pursuing entrepreneurship full-time.

Transcript

Click on a timestamp to play from that location

0:00.0

Heyo! Welcome to the $100 MBA show because a better you means a better business.

0:15.0

That's why we deliver daily 10 minute business lessons for the real world.

0:19.0

I'm your host, your coach, your teacher Omar Zenhome.

0:22.0

I'm also the co-founder of the

0:23.9

$100 MBA, a complete business training and community online. And in today's

0:28.4

episode you will learn how much to pay yourself when you're starting a business.

0:33.0

One of the last things people think about when they start a business is how much they're going to pay themselves.

0:40.0

What salary will they set for themselves?

0:42.0

This is critically important, especially salary will they set for themselves?

0:42.8

This is critically important, especially if you are doing this business full-time.

0:48.3

This is your side hustle and you're getting your full-time income somewhere else at a job. Totally cool to put this on the back burner

0:54.5

for the time being.

0:55.9

But if you're doing this business full-time,

0:57.6

you need to make sure that you obviously pay yourself.

1:00.3

You need to make sure that you could pay your personal expenses and bills.

1:04.0

But the question here is how much, how much should your salary be?

1:08.0

Well, in today's episode, we'll talk about how to come up with that number.

1:12.0

How to make sure that you're paying yourself the right amount but also not over paying yourself as that's possible

1:18.8

We get into all the details and more in today's episode so let's get into it let's get down to business. Today's episode of the 100-O-M-B-B-A show is supported by W-P Engine, the best WordPress website solution.

1:37.2

How do we know?

1:38.2

Because the 100-A runs on W-P- Engine.

1:40.4

We love the reliability, their speed, their their security and their unbelievable customer support

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Omar Zenhom, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Omar Zenhom and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.