What percentage of the business income should an entrepreneur pay himself? M

[King Belieal]

Many entrepreneurs work very hard to see that their businesses stand. And with some good fortune, most make profitable businesses.

What percentage of the business profits after all expenses should an entrepreneur pay himself or herself? Should he take all the profits?

 

[Min George]

I think that at the initial stage, an entrepreneur should pay himself 30% of profits. It can increase to 50% as time passes.

 

[Nomad]

It depends on whether you already have other income sources of not. Elon Musk does not pay himself a lot of salary.

 

[Augusta]

you can pay yourself up to 40% but this will depend on the expenses you need to pay off per month. You need to draw upna budget to accommodate everything though