Forums: Discussions for entrepreneurs and small business.

This is how I set up my payment:

Adding up all the bills I pay everymonth
A little extra spending money for a few things I like (eating, driving, church tithe)

That is it. My things is to keep it small and keep the money in the business.

C.  


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XMG Internet Marketing Group
Making the Web Work
www.xmgonline.com
inbox@xmgonline.com
336.510.9642

I just struggled with the same problem when going into the finances for my business plan. I looked at my past salary, and went to www.bls.gov and nosed around for the current salaries for supervisors/managers in the same industry. Then I looked at the revenue I expect to make within a year. I came up with a figure whereby I can still "live" but I am placing a greater amount back into the company. So far, I have had no complaints.

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Procrastination is the assasin of oppurtunity