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Why a $1.3M Home Service Business Still Pays Its Owner $40,000
For a home service business, a healthy-looking net profit margin and an empty bank account can both be true at once, usually because loan principal payments never show up on the P&L as expenses, even though the cash still leaves the account every month. That's the blind spot behind a $1.3 million foundation repair and waterproofing company whose owner paid himself $35,000 to $40,000 last year, less than some of his own crew.