Ep. #156: Why Paying Yourself is Critical for Your Social Business Model
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“If you don’t build a social business model that includes paying yourself (the leader), then you are not building a sustainable business model.”
Do you bring home a regular paycheck from your social business? Do you have a plan to be paid regularly from your social business? Do you want to have a sustainable business that lasts and can grow? Many social entrepreneurs do not pay themself or do not pay themself enough. In this episode, Stephanie Malon-Rufi, owner of Spark Good, goes solo and talks about why it is critical to have a plan to begin paying yourself from your social business. You can earn a living and use your business as a vehicle for social change! In this episode, Stephanie discusses:
Common reasons social business owners do not pay themself
Some simple questions to ask yourself if you are not paying yourself at all or not paying yourself enough
How to start paying yourself (or paying yourself more)
Why it is important to pay yourself if you want a sustainable and strong social business
Some resources to help you get started
In this episode, we reference: