The thing with most entrepreneurs is that their income is really whatever their business makes, minus all the expenses. So it definitely varies for each persons.
So is There a Way to Value an Entrepreneur Salary?
This is something that is almost impossible to do! Each entrepreneur would value themselves in a complete different way and with a unique figure that they would value as their ‘entrepreneur salary’.
What Can We Do Then?
I think that as entrepreneurs we need to stop comparing ourselves with each other and set a value that we would be comfortable working for.
Once you have a yearly entrepreneur salary for yourself, I encourage you to bring it back to an hourly rate. So divide the yearly figure into a weekly income and then once again divide it by the amount of hours that you work!
What this does is allow us as entrepreneurs to set a ‘hourly value’ on our time, which I believe will make us work a lot more efficiently.
Is ‘Checking Your Emails‘ worth your hourly rate?
How about ‘Article Writing‘ or ‘Sorting Out Your Website‘?
As entrepreneurs I find that a lot of us are completing tasks on a daily basis that are no where near worth the ‘hourly value’ that you have set for yourself.
If you are set on making your hourly value stand in your entrepreneur salary then you need to start outsourcing jobs overseas. This strategy is called geoarbitrage and will allow you to find workers who will complete your everyday tasks at a heavily discounted rate – saving you time and money!
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