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

 

[Bigshow]

No you don't take all the profits but you will need to pay your self a little up and leave the rest for business and franchises if you have any

 

[serki777]

Even if you own the company, you should treat yourself as an employee. That means giving yourself a salary that covers your living expenses comfortably. For small businesses, this might be 20–40% of profits depending on how stable the cash flow is

 

[eLdavis]

It depends though, you can pay yourself around 10% to 20% or maybe 30% there is no fixed amount for this, depending on how much you earn.

 

[Springtime]

That depends on the profitability of his/her business. Most entrepreneurs here just get a salary slightly higher than the market rate.

 

[Bigshow]

Start with 30%and maybe after 6 months or a year can pay himself 50% of the profits i think that will be reasonable

 

[Min George]

An entrepreneur should not pay himself a salary that is less than 30% of the profits for all his or her troubles. Of course, that after the business has had some stability.