Comments on: Rules for Entrepreneurs: Pay yourself first http://technosailor.com/2008/05/15/rules-for-entrepreneurs-pay-yourself-first/ Business and Technology with Common Sense Fri, 10 Feb 2012 15:20:04 +0000 hourly 1 http://wordpress.org/?v=3.4-alpha-19888 By: James Weddle http://technosailor.com/2008/05/15/rules-for-entrepreneurs-pay-yourself-first/comment-page-1/#comment-44071 James Weddle Sat, 31 May 2008 13:10:57 +0000 http://technosailor.com/?p=2709#comment-44071 I couldn't have said it better myself. My wife could ;), but I couldn't. Like everything, growing a business is a process and as such, you have to follow specific steps to get to where you want to go. Getting paid is one of the first steps. Also, your point about "making sure the business pays for itself" is important not only in just being smart but also proving that your business can work...now. Not 2 years, 3 years or 5 years out...but now. Having the business pay you is sort of the "canary in the mine" -- if it can't pay you in a timely manner, you need to get over it, get out, and move on to the next project. Cheers. James Weddle I couldn’t have said it better myself. My wife could ;), but I couldn’t.

Like everything, growing a business is a process and as such, you have to follow specific steps to get to where you want to go. Getting paid is one of the first steps.

Also, your point about “making sure the business pays for itself” is important not only in just being smart but also proving that your business can work…now. Not 2 years, 3 years or 5 years out…but now. Having the business pay you is sort of the “canary in the mine” — if it can’t pay you in a timely manner, you need to get over it, get out, and move on to the next project.

Cheers.

James Weddle

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