This is a real thing that is overlooked with new to the game entrepreneurs. It seems in my experience many fall into this rhythm of neglecting their own salary. When you launch a company, there is this period in which you are giving all you’ve got to the business and taking nothing because it is more important to grow and develop the business and be sure it is fruitful before you begin to pick your piece. But that is that… a period, a moment… if you get your business up and running and thriving, then it is a brief time… You grow and develop and then you get paid.

When you neglect to set these things right in a reasonable time period, it gets to the point where it can get away from you. You can end up working for your business, never having your business work for you.

I ran a business years ago with a partner and we just couldn’t quite get to the level we wanted to be at; we had this idea that if we just kept pouring all the money back into the business, we would get it to grow… Truth was that the business was doing well but not nearly reaching it’s potential. Because we weren’t paying ourselves a wage or salary, we had to continue to keep jobs and work contract labor and have other side hustles to keep money in our pockets. We would get big payouts and pay some bills and then put the rest back into the business. Then we kept our feet moving trying to keep up with other hustles and contract labor here and there. Looking back, we learned that the fact was that we should have left some money in our pockets and not put everything back into the business. We should’ve had a little left in our pockets for us to live…then we would not have needed to hustle for extra cash elsewhere; this would have given us much more time and opportunity to capitalize on the business we had growing and help it to be much more productive. It is an incredibly delicate balance.

I’ve learned a lot from my experiences. This is something that is hard to understand completely by most until you are actually in it. So many have the right idea by focusing on the investment into their business opposed to allowing pride or greed get in the way. Again, there is a balance to this… Although their heart is in the right place, all things in business need be driven with mindful calculations. I say calculations with firm emphasis because although there isn’t an algorithm that you can plug it into, it is very mindful calculations. You must be sure that there is money being put into your business so it can be fueled and grow… but you must be sure to keep something in your pocket to live on. When you keep just enough to live on, then you can invest the rest back into the business. In doing this, you create a freedom in your life and schedule to be able to focus your time and energy on promoting, advertising, and even research to continue growing your business. By putting it all back into your business, you must continue spreading yourself thin by earning living expenses elsewhere which cases the business to suffer.

Hopefully you have found this helpful, so you can get your cash flowing in the necessary directions to keep your business growing and the cash flow moving. This will help you get to the level you desire where you will one day no longer being taking living expenses but a significant salary and one day even invest into new areas. You will then get the financial stability and even more beautiful the financial freedom you deserve to have in your life.

Stay focused… you’ll get there. Get Cocky.

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