How to Pay Yourself | Foodtrepreneurs Collective

10 Mar 2020 · 6 min
6:22

In this Filipino-language instructional video, Leslie of the Foodtrepreneurs Collective explains why food‑business owners should treat themselves as employees and pay themselves a salary. She argues that paying yourself is essential for financial sustainability, personal motivation, and future hiring. Leslie then presents two practical methods for calculating the cost of labor: (1) a time‑based approach that multiplies the minutes spent on a production batch by the local minimum wage to derive a per‑unit labor cost, illustrated with a 24‑piece cookie batch; and (2) a percentage‑of‑profit approach that allocates a set share of gross margin (e.g., 50%) as owner salary. She emphasizes separating owner pay from profit, reinvesting the remaining profit for growth, and establishing a habit of labor‑cost accounting even for one‑person operations. The video concludes with calls to comment, join a closed Facebook group, like, share, subscribe, and follow her social media.

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