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.
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The Being Boss Clubhouse is a place for you to define your goals, set intentions, build healthy boundaries, and cultivate habits that will help you reach success on your terms. In this space, you will connect with Emily + Kathleen in a 2-day online retreat, followed by 12 months of community support, including monthly master classes, secret podcast episodes, and an exclusive forum to connect with your fellow bosses. Come hang with us as we dive deep into your business and help you find success. Learn more about the Clubhouse >>
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
KATHLEEN SAID:
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… Click To TweetEMILY SAID:
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
Resources discussed in this episode:
- Xero
- Freshbooks Cloud Accounting
- YNAB
- Being Boss Episode #47: You Need a Budget with Jesse Mecham
- Mint
- Sacred Economics
- MONEY Master the Game by Tony Robbins
- Tara Gentile
- Suze Orman
More from Kathleen:
- Braid Creative
- The Braid Method Branding ECourse
- @andkathleen on Instagram
More from Emily:
- Indie Shopography
- Rock Your Web Design Business
- free Online Business Webinar Series
- Indie Tactics newsletter: free exclusive biz tips and tricks
Connect with us on Instagram:
- Being Boss Podcast – @beingbossclub
- Kathleen – @andkathleen
- Emily – @EmilyM_Thompson
- #beingbosspodcast
