Basically! There are two set of ways that people earn money;it is either you earn from your own business or you earn money through a monthly, weekly,daily or hours salary. The former that earning salary either monthly, weekly, daily or hourly know that they earn money because they are working for someone. Even at some point, their salary will increase maybe because of their excellent performance.
What earning renumeration from your business means and why it's important for your business.
Of course, it's not something that's hard to find a specific definition for, this is the means whereby you pay yourself at the end of every business Investment you carried out. You might set up a business with your own capital(business capital) and at the end of every business you carried out,out of the profit you pay yourself salary or put yourself on salary scale. That's what I do with my business,I put myself on salary on each batch of birds I rear.
Why it's so important?
The reason why it's so important is that, it gives you insight on how your business is growing. Growing to the extent that you can be able to renumerate yourself shows how genius you are growing your own business. As I have said,at the end of every business section in my poultry farm I normally renumerate myself and it really gives me that ego that I am making a development about growing my business.