Hi all,
My main business is an auto detailing & reconditioning business, which I have set a minimum monthly income for myself enough to cover my personal expenses.
I'm getting ready to start an eco-friendly mobile detailing business and adding employees.
My question is, if you have multiple streams of income (businesses, investments), how do I set a salary for each business? For example, the mobile detailing business that I am starting. I know I have to meet a certain amount every month to cover business expenses, but my personal salary, I have no idea what to set it at.
Thanks!
My main business is an auto detailing & reconditioning business, which I have set a minimum monthly income for myself enough to cover my personal expenses.
I'm getting ready to start an eco-friendly mobile detailing business and adding employees.
My question is, if you have multiple streams of income (businesses, investments), how do I set a salary for each business? For example, the mobile detailing business that I am starting. I know I have to meet a certain amount every month to cover business expenses, but my personal salary, I have no idea what to set it at.
Thanks!
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