#69: Make It a Priority to Pay Yourself, Restaurant Owner

April 5, 2023 by David Scott Peters

To date I've worked with literally thousands of restaurant pros, so I've seen a lot, including a lot of restaurant owners who don't pay themselves. There are a lot of reasons these owners don’t take a regular paycheck, but what so many restaurant owners don’t understand is there is a major downside to not paying yourself from your own business.

In this episode of my podcast, The Restaurant Prosperity Formula, I'm talking directly to you, the restaurant owners, about the importance of paying yourself.

I’ll cover the top reasons restaurant owners give me for not taking a paycheck and the logic – or mistaken logic – behind each one. Plus, I’ll talk about the impact not paying yourself regularly can have on your business and your mental health. Lastly, I explain what you can do to get yourself out of this situation and the benefits to putting in the work to make the change. Tune into this episode of The Restaurant Prosperity Formula podcast to learn how to shift from entrepreneurial poverty to money in the bank and a thriving business.

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Learn the 3 principles the most successful restaurant owners follow and how you can learn to follow them, too: https://dsp.coach/principlesx3

Sponsor – Repeat Returns: http://repeatreturns.com/dsp 

Sponsor

This episode is being brought to you by Repeat Returns. If you’re a restaurant owner of a medium to high-volume independent restaurant, multi-unit or franchise operator and you’re looking for a proven and realistic solution to attract, grow, and retain customers... then you really need to visit Repeat Returns. Repeat Returns is a modern marketing platform created by a restaurant owner for restaurant owners... It studies each customer’s habits and patterns, predicts the most profitable outcome for your restaurant every single day, and deploys the marketing to make that happen. You never lift a finger. Click here to see if Repeat Returns is right for you.

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