4.6 • 682 Ratings
🗓️ 25 October 2024
⏱️ 4 minutes
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0:00.0 | Brought to you by the Every Dollar app. Start budgeting for free today. Me and my wife are buying a |
0:08.4 | business. We bought a franchise business and my question was she's going to be running the store |
0:14.4 | and we're going to be living off of my income like we are now. And my question was, is it a good idea for her not to take a salary the first |
0:23.8 | year, maybe the first two years, or for her take a salary because I'm concerned that she's going |
0:30.7 | to get burnt out and not feel like she's being rewarded enough if she doesn't take a salary. |
0:37.3 | You shouldn't buy this. If the person running... being rewarded enough if she doesn't take a salary. |
0:38.7 | You shouldn't buy this. |
0:44.2 | If the person running it is going to get burn out because they don't get a salary, |
0:45.7 | you shouldn't be running a business. |
0:47.6 | Yeah, you're right. |
0:52.5 | That's my concern, but we're very passionate about this type of business. |
0:54.4 | Then it doesn't matter if she gets a salary. |
0:55.8 | Okay. |
0:58.3 | You need to talk to her. |
0:59.4 | You need to talk to her about this. |
1:00.7 | So she got that kind of passion? |
1:05.8 | Because if she doesn't, if she's buying this thing to have a job and it's going to be all twisted up if she doesn't get a salary. |
1:08.4 | Yeah. |
1:08.6 | They just get a job. |
1:09.1 | You're doing the wrong thing then. |
1:12.1 | Okay. |
1:12.9 | I'm serious, man. |
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