Title: 5 Things to Do With Your Small Business Profits
Headings: 5 Things to Do With Your Small Business Profits
5 Things to Do With Your Small Business Profits
What You Need to Know About Small Business Profits
1. Save for a Rainy Day
2. Use Business Profits to Grow Your Business
3. Pay Down or Refinance Debt
4. Use Business Profits to Pay Yourself
5. All of the Above

Content: If you pay down the principal, you’ll pay less interest over the lifetime of the loan, which will save you money. You’ll also have a lower total debt load, which increases your creditworthiness. 4. Use Business Profits to Pay Yourself
Finally, another way to use your business profits is to pay yourself, the business owner. The use of business profits for owner salaries can be a little bit complicated, depending on the legal structure of your operation. Here a few basics to consider. If your company is a sole proprietorship or another pass-through entity, all of your profit flows straight to you as income anyway. If you’re running a C Corp, you can pay yourself a salary. If you start to see profits, you always have the option to pay yourself and/or your employees more. Remember that you don’t want to compromise your future growth opportunities, so raises should be reasonable.