When you should get paid (a guide for small business owners) [12/12]

Australian Business Podcast episode #12 is now live on the Rask network: when you get paid.

Many Australian small business owners will work months at a time, without a day off.

Many of us do 10-12 hour days, sacrificing time with family and friends.

Most of us will work for weeks, months or years — without taking a salary.

All of us take our work home, whether we show it or not.

This is normal.

As a result, I often see many of us going a long time without putting ourselves first.

In part 12 of The Australian Business Podcast I simply want to remind you that it’s okay to pay yourself — and to pay yourself well.

What’s your ramen number? 

As my shareholder told me, your ‘ramen number’ is the absolute minimum amount of money it takes to keep your business running — the bare essentials. Calculating your ramen number means stripping your business back to only the absolute essentials.

Every business should know their ramen number — because it’ll help you prioritise your spending, make bigger profits and discover new ways to be profitable.

If you liked this episode, don’t forget to consider taking our free business course and tuning into the Australian Business Podcast episode one, in which I shared my journey.

Love the Australian Business Podcast? Let me know about it by leaving a review on Apple or Spotify. 

If you want to help me out with the course, right now the best thing you can do is subscribe and review this podcast in Apple or Spotify. Please use the “Ask a question” menu link on the Rask websites, or leave your questions in the Apple Reviews.