Captain’s log, stardate 20221218
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Salary vs Profit
After going out on my own as a solo consultant, it took me an embarrassingly long of time to internalize the difference between:
- The money I paid myself as an employee (i.e., my salary)
- The money I made is the owner of the business (i.e., my profits)
Your salary is not your profit.
(And if you don’t have profit, your business is probably on thin ice.)
Yours,
—J