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Snapshot #29: If You’re Not Paying Yourself, You’re Doing It Wrong

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Manage episode 495731807 series 3493972
Content provided by Tim Hyde. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Hyde or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Too many business owners look successful on the outside, with decent revenue, a busy team, full calendar, but behind the scenes, they’re earning less than the average wage.

In this episode, I sit down with Michael Wark to unpack why that happens, and what to do about it.

We get real about the myths that keep founders stuck in survival mode, like thinking tax minimisation is a win, or believing reinvesting everything back into the business is a smart move.

But the truth is, if your business can’t afford to pay you, it’s not a business.

It’s a job… with overheads.

You’ll discover:

  • Why minimising tax often leads to maximising waste, and how that mindset quietly sabotages your profit.
  • The hidden cost of reinvesting every dollar back into the business instead of paying yourself properly.
  • How founders trap themselves by building businesses that only work if they work for free.
  • The brutal truth about overhead, ego, and the illusions on your P&L.
  • A simple 3-step Trimline framework to fix your margins and scale without burnout.

If your business can’t run without you, it’s not scalable. If it can’t pay you, it’s not sustainable. Time to stop feeding the machine, and start building one that feeds you.

Listen to the full episode here

Apple - https://podcasts.apple.com/au/podcast/033-make-your-business-more-valuable-with-michael-wark/id1697804814?i=1000647387949

Spotify - https://open.spotify.com/episode/59QnCP8NX28fc7X1g2wjQ0

Watch the full episode on Youtube: https://www.youtube.com/watch?v=vMNYIuav0Ek

  continue reading

111 episodes

Artwork
iconShare
 
Manage episode 495731807 series 3493972
Content provided by Tim Hyde. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Tim Hyde or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Too many business owners look successful on the outside, with decent revenue, a busy team, full calendar, but behind the scenes, they’re earning less than the average wage.

In this episode, I sit down with Michael Wark to unpack why that happens, and what to do about it.

We get real about the myths that keep founders stuck in survival mode, like thinking tax minimisation is a win, or believing reinvesting everything back into the business is a smart move.

But the truth is, if your business can’t afford to pay you, it’s not a business.

It’s a job… with overheads.

You’ll discover:

  • Why minimising tax often leads to maximising waste, and how that mindset quietly sabotages your profit.
  • The hidden cost of reinvesting every dollar back into the business instead of paying yourself properly.
  • How founders trap themselves by building businesses that only work if they work for free.
  • The brutal truth about overhead, ego, and the illusions on your P&L.
  • A simple 3-step Trimline framework to fix your margins and scale without burnout.

If your business can’t run without you, it’s not scalable. If it can’t pay you, it’s not sustainable. Time to stop feeding the machine, and start building one that feeds you.

Listen to the full episode here

Apple - https://podcasts.apple.com/au/podcast/033-make-your-business-more-valuable-with-michael-wark/id1697804814?i=1000647387949

Spotify - https://open.spotify.com/episode/59QnCP8NX28fc7X1g2wjQ0

Watch the full episode on Youtube: https://www.youtube.com/watch?v=vMNYIuav0Ek

  continue reading

111 episodes

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