Hey Janelle, I’m so thankful for your videos! Have you considered doing one on how much you should pay yourself as a business owner? Other than your wage as an employee, how much of your business profit is it sustainable to keep for yourself? Specially at the beginning when you may not be able to make/sell enough product to pay yourself a living wage.
Hey there! I would love to do a video like that! It really comes down to how much YOU as the individual want to make. As far as in the beginning, you should BARE MINIMUM be making minimum wage and that labor should be accounted for in your pricing. I'll definitely consider doing an in-depth video on this.
HUGE one! As long as you're talking about business over a meal, it's a write off! Within reason, of course. And obviously based on what your business can afford.
Thanks so much for the LOVE! Glad you're here. I talk all about it in my podcast! You can listen to it here: podcasts.apple.com/us/podcast/when-youre-just-done-how-to-push-into-the-next-level/id1483776062?i=1000466954963
Thank you so so much for this. I'm watching from South Africa, and this is so helpful. I will obviously change all things according to my country rules and regulations etc. This video has been of great help Janelle!
Janelle, can you share the calculator for expenses, paying yourself and making profit? Thank you.
Hey Janelle, I’m so thankful for your videos! Have you considered doing one on how much you should pay yourself as a business owner? Other than your wage as an employee, how much of your business profit is it sustainable to keep for yourself? Specially at the beginning when you may not be able to make/sell enough product to pay yourself a living wage.
Hey there! I would love to do a video like that! It really comes down to how much YOU as the individual want to make. As far as in the beginning, you should BARE MINIMUM be making minimum wage and that labor should be accounted for in your pricing. I'll definitely consider doing an in-depth video on this.
I had no idea about the write offs for meals and entertainment! Thank you I’ll look more into it!
HUGE one! As long as you're talking about business over a meal, it's a write off! Within reason, of course. And obviously based on what your business can afford.
Thank you so much! Boy do I have a lot of work to do!
You're so welcome! I'm glad it served you!
Thank you!!!! You are so helpful
hello, just came across your videos, love them. Questions why did you sell your bakery?
Thanks so much for the LOVE! Glad you're here. I talk all about it in my podcast! You can listen to it here: podcasts.apple.com/us/podcast/when-youre-just-done-how-to-push-into-the-next-level/id1483776062?i=1000466954963
Thank you, thank you, but I didn't see the links.
There are no links
Thank you so so much for this. I'm watching from South Africa, and this is so helpful. I will obviously change all things according to my country rules and regulations etc. This video has been of great help Janelle!
So glad it served you!
how do i protect not only the brand name logo etc but the recipes?
I would make your staff sign an NDA to protect your intellectual property
Thank you ❤
Helpful. thank you
Glad it was helpful!
To get a business bank account you do need an EIN. Banks will not sign you up for a business account without it.
I commented this before you said it in the video. 😅 disregard
You are awesome and nice tips :)
Thank you!