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  • Why do Entrepreneurs take a salary instead of keeping all the profits?

    Christine created 1 week ago 0 Member · 1 Post
  • Christine

    Member
    August 13, 2019 at 5:48 pm

    Hey there, new to this sub-hq overview so please excuse me if I sound dumb (lol). ​ I’ve been going through articles on Entrepreneurial blogs that advocate for salaries for entrepreneurs. I don’t get this at all. If I start a business (startup) with my own money, and I own 100% of it, why do I have to pay myself a “salary” instead of just…..keeping all the profits? Say I have a SaaS business that I bootstrapped to 5 MM ARR. Don’t I get to keep the profits (after paying employees and bills)? What is the need for a salary when I own the whole business? ​ Thank You 🙂 – by hq overview dexter955 – –

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