Your Business Should Pay You—Here’s How

6 days ago
12

Ever feel like your business is thriving on paper but your bank account says otherwise? You’re working long hours, covering payroll, paying vendors, keeping the lights on—but somehow, you’re still last in line to get paid. This episode breaks down the hard truth about why so many small business owners never see a personal paycheck and how to stop treating your salary as an afterthought without wrecking your cash flow.

In this episode of Grit and Growth Business, I share how to build a pay-yourself-first system that actually works. Drawing on three decades of experience guiding owners from survival to profitability, I walk through practical steps to create consistent owner pay, separate profit from wages, automate transfers, and stay proactive with weekly cash reviews. I also explain how biblical stewardship principles and disciplined money management can help you finally get rewarded for your work instead of being drained by it.

https://www.gritandgrowthbusiness.com/blog/ensure-business-pays/
https://gritandgrowthbusiness.com/your-business-should-pay-you

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Podcast Timestamps
[00:00] Listener Question: The Struggle of Paying Yourself
[01:32] The Importance of Paying Yourself
[02:50] Common Obstacles to Paying Yourself
[05:40] Strategies to Ensure You Get Paid
[06:52] Treat Owner Pay as a Fixed Percentage
[08:45] Start Small and Build Up
[10:27] Separate Pay from Profit and Taxes
[13:04] Automate the Transfer Process
[13:58] Navigating the Rollercoaster of Small Business
[14:22] Automate Your Finances for Stability
[15:05] Proactive vs. Reactive Business Management
[15:42] The Importance of Daily Financial Reviews
[16:58] Bonus Structure for Business Owners
[19:16] Action Plan for Owner's Pay
[22:21] Key Questions for Business Owners
[25:09] Coaching and Support Services

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The Ask Ralph Media Podcast has been honored as the Best Christian Finance Podcast in the U.S. for 2025 by Best of Best Review. This prestigious award recognizes the show’s unwavering commitment to blending biblical wisdom with practical financial guidance, empowering listeners to make wise money decisions rooted in faith. Through its concise, impactful 10–12 minute episodes, the Ask Ralph Podcast has inspired and equipped audiences nationwide, standing out among countless voices in the finance and faith space.
https://bestofbestreview.com/awards/ask-ralph-media-inc-best-christian-finance-podcast-in-the-u-s-of-2025

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