Profit or Pay Yourself First? What Every Solopreneur Should Know About Owner's Pay

March
31
2026 (Tuesday)
Time 10:00 AM PDT | 01:00 PM EDT
Duration: 60 Minutes
64 Days Left To REGISTER
Id: 211097
Instructor
Stacy Luft 
Live
Recorded
Live + Recorded
Refund Policy

Overview

This session breaks down what "paying yourself first" really means and how to implement it without neglecting taxes, business expenses, or savings. You'll learn the difference between profit and owner’s pay, how to plan your cash flow around your personal income needs, and what to watch out for when setting your pay structure.

Why you should Attend

If you're unsure how much you can safely take home each month, or if you've been avoiding paying yourself altogether, this session will show you how to change that. You'll walk away with a system that helps you prioritize both your income and your business health.

If you're paying yourself based on what's left over, you'll always feel behind.

Discover how to confidently set your owner's pay, even with variable income, and stop treating your business like a personal ATM.

Areas Covered in the Session

  • The difference between owner's pay, profit, and distributions
  • How to calculate sustainable owner's pay for your business stage
  • Cash flow considerations for variable income months
  • How to balance reinvesting in your business while paying yourself
  • Setting up simple systems to automate your paycheck
  • Common mistakes solopreneurs make when paying themselves
  • How to use percentages or fixed draws depending on your income model
  • Building a pay structure that grows with your business

Who Will Benefit

  • Solopreneurs
  • Freelancers
  • Coaches and Consultants
  • Online Business Owners
  • Self-employed Professionals
  • Bookkeepers and VAs supporting service-based businesses

Speaker Profile

Stacy Luft is a Fractional CFO and bookkeeper who helps solopreneurs turn financial data into actionable insights. With a hands-on approach, she simplifies bookkeeping, financial planning, budgeting, and cash flow management. Formerly a Financial and Operations Executive, she has strong leadership and analytical skills. Stacy holds degrees in Accounting and an Executive M.B.A. from St. Joseph’s University.

Professional achievements:
  • CEO of Business Balance, a resource for mastering financial management and sustainable business growth
  • Fractional CFO and bookkeeper helping solopreneurs turn financial data into actionable insights
  • Holds an A.A.S. in Accounting from Suffolk County Community College and a B.S. in Accounting and Executive M.B.A. from St. Joseph’s University
  • Hands-on and practical approach with easy-to-understand concepts
Access Recorded Version
One Attendee / Group Attendees

Unlimited Viewing Recorded Version for 6 months ( Access information will be emailed 24 hours after the completion of live webinar)