Taking Chips of The Table: When and How to Pay Yourself l Ep 284

I discuss the topic of when entrepreneurs should start paying themselves and taking profits from their businesses. These are my insights and strategies on how to approach this process, drawing from my own experience in building multiple successful businesses. You need to taste blood as an entrepreneur EARLY. [00:02:05] Investing in yourself. [00:03:00] Founder's struggle with starvation. [00:06:03] Taking chips off the table. [00:09:43] Spending efficiently and breaking even. [00:11:53] Service-based companies as Ponzi schemes. [00:15:09] Sugar daddy growth equity partner. [00:18:05] Taking chips off the table.