#EntrepreneurCorner: Why it's crucial that you pay yourself first | Fin24
  • Covid-19 Money Hub

    The hub will help answer your business and money questions during the coronavirus crisis.

  • Dudu Myeni

    The former SAA chair has been declared a delinquent director for her role at the national airline.

  • Cigarette Ban

    Govt says emerging research shows smoking leads to more severe cases of Covid-19.


#EntrepreneurCorner: Why it's crucial that you pay yourself first

Sep 20 2017 14:32

Cape Town - A lot of entrepreneurs would argue that it's not possible to pay yourself first, but resident business coach and adviser Anton Ressel challenges them on this in this week's episode of #EntrepreneurCorner.

Paying yourself first won't only keep you motivated but it's also symbolic, says Anton.

"You work so hard as an entrepreneur and as a business owner and to have your own business, but what tends to happen is everybody else gets paid - the staff, your suppliers, your service providers - and when there's something left over, then maybe you'll get paid.

"What kind of motivation is that for someone to actually get up and go to work and make things happen in the morning, every morning," Anton asks rhetorically as he gives practical tips on how to separate your personal finances from your business finances.

WATCH: #EntrepreneurCorner Eps 3: Pay yourself first

Did you find this useful? We need your input to identify your most pressing issues. Send us your questions. Anton will answer as many as possible in future shows.You can also engage with us on Fin24's Twitter and Facebook pages. Look for our hashtag, #EntrepreneurCorner.

ICYMI, here's the previous episodes of #EntrepreneurCorner


SUBSCRIBE FOR FREE UPDATE: Get Fin24's top morning business news and opinions in your inbox.

Read Fin24's top stories trending on Twitter:



Company Snapshot

Voting Booth

How has Covid-19 impacted your financial position?

Previous results · Suggest a vote