Lindsay Read

This is the question every business owner asks. And most of them guess. 😅 Here's how to actually figure it out: Step 1 — Know your fixed expenses → Rent, software, insurance, payroll, subscriptions → These go out every single month no matter what Step 2 — Know your average monthly revenue → Not your best month. Not your worst. Your average. Step 3 — Build a cash cushion first → Keep at least 1-2 months of expenses in reserve → This protects you from slow months Step 4 — Set aside taxes...

Not all business owners get paid the same way. And using the wrong method for your business structure? That's a tax headache you don't want. 😬 Here's the quick breakdown: 👉 Owner's Draw → You pull money from your business profits → Common for sole proprietors, partnerships, LLCs → No set schedule required → Taxes aren't withheld — you pay them separately 👉 Salary → You pay yourself like an employee → Required for S-Corp owners → Payroll taxes are withheld automatically → Must be...

You started your business to build a life. But somewhere along the way... 👉 You became the last one to get paid. 👉 You pulled from personal savings to cover slow months. 👉 You told yourself "I'll pay myself more when things pick up." Sound familiar? 😅 Here's the truth: Underpaying yourself isn't sacrifice. It's a business problem. When you don't pay yourself properly: → You can't separate personal from business finances → You can't see what your business actually costs to run → You can't...