Wait, don't I Get Paid?

Michael Barbarita • Aug 31, 2023

Nope, not right away.


When you are in a startup business, you have to do as much work yourself as possible.


There are certainly tasks where it may be more productive for you to subcontract work out, but by no means do you want to commit to a payroll to do any tasks if you do not have to.


By the way, that includes you.


How does this sound?


Lots of work and no pay!


When you start a business it is not like being an employee. The work is excessive and the income is not steady to say the least. Income to a business owner is very unsteady and you will go through periods especially at the beginning when you are not going to make anything unless you are incredibly lucky.


Payroll is an expense that needs to be constantly watched. It is going to be one of your biggest expenses. With payroll comes benefits to pay. With Payroll comes payroll taxes to pay. With payroll comes administration expenses and paperwork. I’m sure you get the point, it’s a very pricey rabbit hole.


If it’s not watched carefully and consistently, it will very easily drive out of business.

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