Salary or Distribution? How Business Owners Really Get Paid | 013

So you've started a business… but how do you actually pay yourself?

If you’ve ever felt confused, scared, or stuck about taking money out of your business, this Actionable Insights episode is for you. CPA and entrepreneur Charles Harris breaks down how to think about distributions, taxes, revenue vs. profit, and what your bank balance actually means — so you don’t starve yourself or screw up your cash flow.

Joined by Dr. Seth Jenson, Charles gives tactical, no-fluff advice for founders trying to build financially sound businesses — and actually get paid.

💡 You’ll Learn:

• The difference between revenue and profit (and why it matters)
• How to know when you can start paying yourself
• The difference between a salary and a distribution
• How much to set aside for taxes (hint: 20–30%)
• When to open a business bank account
• How to avoid cash flow panic
• The value of consistent, responsible pay
• Why you can’t wait until April to think about taxes

Whether you’re just making your first few sales or are sitting on $200K and still not sure if you can take a paycheck—this episode will give you clarity, peace of mind, and a real plan.

Got questions for Charles and Seth? Submit them HERE.