Decide on pay
You’ll have done your monthly budget back in Week Three, and now is the time to use that, along with the details of any savings you have, to work out how much you will pay yourself, if anything, from the company.
This will be a careful balance between not taking too much cash out of the business and making sure that you’re not going to run into problems or be distracted by personal finance issues when you really should be working!
This pay will only come into effect once you start work in the business full time at a later date.
Get everyone in the founding team to do the same exercise, and it’s also something to discuss with your mentor.
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