30 | Paying Yourself In 2021

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By Catherine Erdly. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

Firstly, a quick PSA - The Resilient Retail Game Plan has hit 10,000 downloads! Thank you so much to all of you that have, and continue to tune in - your listenership is hugely appreciated!

Now, as I discussed back in episode 12, I’m a passionate advocate when it comes to the subject of paying yourself from your creative product business. Whether it’s a monthly allowance, an annual bonus or something as simple as buying yourself a delicious cup of coffee, I believe you should be committing yourself to setting a specific salary goal that’s achievable and non-negotiable. The last year has been rough for retail, but that doesn’t mean you can’t reward yourself for all your hard work.

In episode 30 of The Resilient Retail Game Plan, I detail the key points you need to grasp to help make your salary aspirations a reality. We’ll cover the importance of understanding your business’s profitability and how setting a sales plan will help you set realistic wage targets - and we’ll also look at controlling and reviewing your expenses so you can be as prepared and profitable as possible.

38 episodes