December 20, 2016

Episode #103 // Pricing & Money Management

Let’s get specific about money management. Today we’re getting really nitty gritty with how to manage your finances as a creative entrepreneur—from tracking profit to planning launches to saving for retirement.

If you don't already have a business banking account, you need to get one of those set up. Click To Tweet It's really important to get in the habit of moving money from your business account to your personal checking account. Click To Tweet Getting really clear about where your income is coming from is what allows you to have a fruitful business. Click To Tweet Begin by doing your own bookkeeping—it gives you the ability to start making smarter decisions. Click To Tweet It's really important to reframe your mindset of the smart expenses as investments. Click To Tweet You have to spend money in a business to make money. Click To Tweet

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"It's really important to reframe your mindset of the smart expenses as investments."
- Emily Thompson

TOPICS DISCUSSED IN THIS EPISODE:

  • How we track finances + income
  • Planning out launch cycles
  • Revenue vs. profit
  • How to plan projections and revenue goals for the upcoming year
  • Paying yourself and avoiding the feast or famine cycle
  • Cleaning house
  • Credit cards and debt
  • Fear around big expenses and investments
  • Retirement for creative entrepreneurs

RESOURCES DISCUSSED IN THIS EPISODE

MORE FROM KATHLEEN

Braid Creative

MORE FROM EMILY

Indie Shopography
Almanac Supply Co.
Rock Your Web Design Business

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Expenses are investments
Get a business banking account
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