My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.

Finance

At what point when growing a small business should you begin to pay yourself?

I currently live with my mother and I am eager to move out. I've been told that the money you make in business should be reinvested in the business. So, when can I start using some of the money to help my personal life?
Opinions expressed by Entrepreneur contributors are their own.
To start a business, it's a good idea to have at least six months of living expenses set aside (ideally, even more) so you have the time to get your company launched. It usually takes twice as much time and money as you think; so to minimize the risks, you may want to consider keeping your expenses lower as long as you can until your company starts making some money. Then move out.

Good luck!
Paige Arnof-Fenn