If you're following good bookkeeping practices, then all of your expenses are being deducted before you show a profit. But I bet there's one thing you aren't taking out and its absence isn't giving you the true picture of your business' net income.





Comments


Written by brettr
15 days ago

Yes - that's why I subtly mentioned "All these years...". The first year will use a lot of sweat equity, which is basically a real loan to the business, in place of a salary. Thanks!



Written by tiroberts
15 days ago

You made some interesting points comma I think that it really depends on the situation whether or not take a salary especially when you're just a startup



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