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WNM 2022 Setting Your Salary as a New Business Owner

Tue 6:00 PM to 7:30 PM
Topic: Business Accounting and Budget

If you are new business owner or are thinking about owning your own business, you may be asking yourself a serious question. How much should I pay myself?

What to pay yourself can be one of the most difficult decisions an entrepreneurs makes. According to Payscale, U.S. small business owners make, on average, $70,300. However, many new business owners take no salary in the first years of running a business, while others take so much that they have trouble managing their business. In any case, paying yourself can be complicated, and with the compounding economic issues of the pandemic, paying yourself makes it even more challenging for when to pay yourself and how to pay yourself.

In this class we will cover the following topics to guide you to a solution on how to pay yourself and when to pay yourself:

  • Ways to pay yourself: Salary vs. Owner’s draw
  • Determining factors on how you pay yourself
  • Mistakes to avoid while paying yourself
  • How to pay yourself fairly as a business owner

Class is scheduled for Tuesday, February 15, 2022 at 6:00 pm to 7:30 pm

Reasonable accommodations for persons with disabilities and language assistance services are available for limited English proficient individuals. Please notify Janelle Henry at when you register for the class, or no later than 24 hours prior to your class, so that WESST can make sure necessary accommodations are available. All programs and services are provided to the public on a nondiscriminatory basis.

The Women's Business Center is funded in part by the U.S. Small Business Administration. All opinions, conclusions or recommendations expressed are those of the author(s) and do not necessarily reflect the views of the SBA.

Speaker(s): Dawn Facka, Regional Manager, WESST Farmington Women's Business Center

Please Note: THIS CLASS IS BEING OFFERED ONLINE. AN INTERNET CONNECTION AND A COMPUTER (or highly capable tablet-type device) ARE NECESSARY. Video conferencing instructions will be sent to you after you have registered for the class. This training class will be delivered in English. Please check your junk mail or spam folder for your zoom link.

Fee: No Cost

Association of Women's Business Centers

U.S. Small Business Administration

Funded in part through a Cooperative Agreement with the U.S. Small Business Administration.
All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA.

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