Hello and Welcome
This website is not like all of the others. Since 2001, we've posted 12737 different business opportunities and ideas, so you're sure to find something here to inspire you!
To subscribe, enter your email address below:
SchoolOfMusic.com
SchoolOfMusic.com recruits music teachers and then provides music lessons in students’ homes, teachers’ home studios, and after school programs. Their bizop is a must see!
Read more...
Free Small Town Business Marketing Books
SmallTownMarketing.com is giving away two marketing and advertising books for small town business owners.
Read more...
Founders: Don’t Underpay Yourself
June 7, 2006 by Dane Carlson | 1 Comment
Adventures in Capitalism:
I always advise company founders not to underpay themselves. Underpaying yourself isn’t a noble sacrifice, it’s a distortion. If your business can’t turn a profit paying market salaries, maybe it’s not such a good business.
Of course, it’s hard to draw this line sometimes, especially when you’re a first-time founder. When I started my first company in 1999, I am ashamed to admit that I paid myself a salary of $75,000. There was no good reason to. Heck, I paid the CEO I recruited to replace me $180,000.
I’ve talked with a number of friends, and all of them agree on this point. But now I even have an HBS study to back me up.
keep reading…
In Entrepreneurial Lifestyle, Planning | 1 Comment
Steve Mertz on June 7th, 2006 9:15 am
Great post Dane-I can think of another reason to underpay yourself-going in front of a Venture Capitalist and asking for $$-You’re paying yourself How Much!!
Leave a Reply