Should you pay yourself first?

A trendy concept in small business circles is: “Pay yourself first.” For some business owners it’s common sense, for others it’s a perplexing idea; it strikes others still as a laughable impossibility. So, is there any wisdom in this approach? Naturally, it’s circumstantial and depends on your business objectives, expectations and exit plans, not to mention considerations of timing, taxes and the fundamental stability of your finances.  Learn which questions to ask to determine whether “pa...