How much do founders pay themselves?

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How much founders pay themselves depends on the company and its size. Many founders, for instance, pay themselves based on the amount of money they have invested or the amount of money their company has raised. Some founders choose to pay themselves a salary, while others take a dividend or a portion of the company's profits. Ultimately, it is up to the founders to decide how much they should pay themselves.

Tips for ways that founders can pay themselves:

Establish a clear budget: Before allocating funds to yourself, make sure you have a realistic budget in place. Determine your business's financial needs and prioritize them according to the company's goals.
Determine a meaningful salary: Consider the average salary of similar positions in the industry and make sure your compensation is commensurate with it.
Set a payment schedule: Creating a payment schedule will help you stay on track and will ensure you are paid on time.
Take into account taxes: Make sure to consider taxes when calculating your salary. Make sure you are saving enough to cover taxes and other business expenses.
Consider other forms of compensation: Consider other forms of compensation such as equity, bonuses, and stock options.
Monitor your cash flow: Monitor your cash flow closely to ensure that you are able to pay yourself when it's time.
Track your expenses: Make sure to track any expenses you incur in the course of doing business. This will help you stay on top of your finances and ensure you can pay yourself each month.
Talk to a financial advisor: Talking to a financial advisor can help you develop an effective strategy to pay yourself. This can help you set realistic goals and ensure you are able to pay yourself and your employees.