If you're following good bookkeeping practices, then all of your expenses are being deducted before you show a profit. But I bet there's one thing you aren't taking out and its absence isn't giving you the true picture of your business' net income.





Comments


Written by brettr
2500 days ago

Yes - that's why I subtly mentioned "All these years...". The first year will use a lot of sweat equity, which is basically a real loan to the business, in place of a salary. Thanks!



Written by tiroberts
2500 days ago

You made some interesting points comma I think that it really depends on the situation whether or not take a salary especially when you're just a startup



Log in to comment or register here.
Subscribe

Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!