How to Pay Yourself as a Business Owner (Step by Step)

✅ Special Xero offer: Get 90% off for 6 months using this link: https://referrals.xero.com/GeorgeV_Xerohowto . Terms & Conditions apply.* In this video, we’re breaking down the right way to pay yourself as a business owner so you can stop guessing and avoid surprise tax bills. We’ll cover the key differences between an Owner’s Draw, a formal Salary, and the Hybrid model, while showing you exactly how to calculate a safe withdrawal amount based on your true profit. Whether you’re a Sole Proprietor managing your own transfers, an S-Corp owner navigating payroll compliance, or just trying to break the "feast and famine" cycle, this video will help you set up a system that keeps both you and your business financially healthy. 👋🏼 Work with me: https://vlasyev.com ✌🏽 My website: https://georgevlasyev.com 🚀 My affiliate marketing course: https://georgevlasyev.com/academy 💌 My newsletter: https://georgevlasyev.com/resources 🌍 My Instagram: https://instagram.com/georgevlasyev Timestamps: 00:00 Intro 01:47 Method 1: The Owner’s Draw 03:01 Method 2: The Salary 03:58 Method 3: The Hybrid (Distributions) 04:50 How Much Should You Pay Yourself? 05:38 The Consistency Principle 06:43 Outro 📄 Disclosure Some of the links are affiliate links. If you make a purchase through them, we earn a small commission at no extra cost to you. This helps us keep our videos free for everyone.