2. Pay yourself whatever's left at the end of the month.

Roth writes that it is necessary for every entrepreneur to put the cost of his or her business first. Once the business-related expenses and funds for taxes are taken care of, entrepreneurs can own the remaining money as their monthly income.

3. Pay yourself the absolute minimum.

During the initial stages of the company, entrepreneurs should consider paying themselves just enough salary that covers their mortgage, car and household expenses, says Roth. The rest of the earnings should be put back into the company for its future growth. With a proper salary plan, an entrepreneur’s financial income can grow along with their business.

"You probably didn't launch a business to make less money than you did at your last job," Roth writes. "The whole point is to follow your entrepreneurial dream to a better life, right? I'm here to tell you that it's all right to think about funding that better life sooner rather than later".

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