newhopenetwork
Nov 18
31
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CPG founders, when should you start paying yourself? 💸✨

@jenniferbarney_ shares the three things you should consider when it comes to paying yourself a salary
1. Define your role
2. Company culture
3. Burn out
Many of you are working hard to grow your businesses and have been doing so for free. You've been reinvesting all profits back into the business in order to grow.
Investors and lenders want to know the founder is contractually obligated to serve in the company when drawing a salary. When you think about it, this is only fair. You birthed the company, you got it to where it is now, therefore your backers want to know that you can be counted on to see it through.
Read the full article with more advice on setting yourself up to take a salary at the link in bio!
#founders #startup #cpg #smallbusiness #salary #getpaid #investors
newhopenetwork
Nov 18
31
0.49%
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