irisevelynn
Member
- Joined
- Oct 26, 2014
- Messages
- 21
- Reaction score
- 0
Hello everybody,
I recently ran across this article
http://www.entrepreneur.com/article/223332
In short it says that business owners should pay themselves a competitive market wage in order to better assess the value of the company and improve the distribution of their time.
From what I've seen in the few weeks that I've been on this forum, most of you (often along with a spouse) wear all of the hats in the business, and are happy to do so. Of course there is great intrinsic satisfaction in owning your own business that you can't put a price on. And of course, many of you have decades of experiance and dedication that is also priceless. But the article made me wonder, for you B&B owner/operators, do you pay yourself what your worth? (ie. what you would have to pay an outsider to do all the things that you do) Why or why not? And what would happen to your company of that changed?
(Of course I'm not asking for numbers, just an examination of the question)
I recently ran across this article
http://www.entrepreneur.com/article/223332
In short it says that business owners should pay themselves a competitive market wage in order to better assess the value of the company and improve the distribution of their time.
From what I've seen in the few weeks that I've been on this forum, most of you (often along with a spouse) wear all of the hats in the business, and are happy to do so. Of course there is great intrinsic satisfaction in owning your own business that you can't put a price on. And of course, many of you have decades of experiance and dedication that is also priceless. But the article made me wonder, for you B&B owner/operators, do you pay yourself what your worth? (ie. what you would have to pay an outsider to do all the things that you do) Why or why not? And what would happen to your company of that changed?
(Of course I'm not asking for numbers, just an examination of the question)