23. The Nonnegotiable Paycheck and How to Start Paying Yourself

As a retailer and business owner, you work really hard. I see you. I’ve been there. But like I did for years and I see so many retailers doing this, you cannot forget to pay yourself. You are in business to make a profit, not hang on and see what’s left in the till.

“If you are not paying yourself a living wage, your business is not profitable.”

You need a steady income from your business. Understanding your inventory, knowing where your money is going and paying yourself a living wage is mind-shifting and business-shifting.

This episode is a little bit of tough love, but it’s going to pay off, literally, if you start writing yourself a regular paycheck, just like your rent check. Let’s dive in.

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Here’s what to do next, subscribe to Creative Shop Talk and then head over to our private Facebook community to meet other creative retailers.  

I could really use your help getting my new podcast going and helping retailers find the show. Would you please leave me a review?  Just visit ‎Creative Shop Talk with Wendy Batten on Apple Podcasts, select “Ratings and Reviews” and “Write a Review”. I may pick your review to highlight on an upcoming episode. Make sure you leave your business name, Instagram handle and location so I can give your shop a shoutout. 

Need more retailer specific advice & encouragement? Hop on my email list and I’ll keep it coming:

XO Wendy