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It's important for us, as business owners, to distinguish between our personal salary and the profits generated by the business. The profit is what remains after deducting all business expenses, including our salary, from the total revenue. This is a way to compensate us for the work and time we invest in our business, and it is crucial to ensure that the business remains financially viable while still providing us with a reasonable income.

On this weeks episode, Scott talks about treating your salary as a cost of doing business.

Grab your free personal budgeting tool at: https://www.milliondollarlandscaper.com/budget

QUESTION —Do you 'pay yourself first'? Let us know on our Facebook Page.

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Our mission here at Million Dollar Landscaper is to help you grow a profitable landscaping business.

 Here are the ways to work with us here at Million Dollar Landscaper:

⚡️PODCAST: Listen to the podcast https://www.milliondollarlandscaper.com/podcast

⚡️COURSES: Learn about our online courses at https://www.milliondollarlandscaper.com/programs

⚡️YOUTUBE: Check out our videos at https://www.youtube.com/c/MillionDollarLandscaper

Connect with Scott Molchan on Social Media:

Facebook: https://www.facebook.com/milliondollarlandscaper

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We would really appreciate it if you would leave us a review at: https://podcasts.apple.com/us/podcast/million-dollar-landscaper-podcast/id1367445237

TOOLS AND APPS WE RECOMMEND

-EZBZ:  The easiest way to make and edit work orders anytime, anywhere. https://ezbz.app/mdl/

-Cycle CPA: Accounting Services For The Green Industry & Service-Based Businesses, Bringing a business mind to accounting. https://t2m.io/H4hkcEg

This video is sponsored. Some links are affiliate links which means if you buy something, we'll receive a small commission.

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Disclaimer: Please see the link for our disclaimer policy for our videos and podcasts on the Million Dollar Landscaper Podcast and YouTube channels. https://www.milliondollarlandscaper.com/disclaimer