And how far can you really reduce expenses in your handmade business? A few weeks ago, a member of Artists & Profit Makers shared her expenses and profit margin inside the forums and asked if anyone in the group had any ideas for further reducing her expenses. What followed was one of the most frank …
Read more “How much does it actually cost to run a business as an artist or maker?”
The other day, a ceramic artist friend messaged me, asking if I had any finance book recommendations for a small business like hers. As it turns out, I have LOTS of finance book recs. (I once gave each of my siblings different personal finance books for Christmas tailored to their individual life situations.) And I …
Do you know what it costs, what it really costs, to run your business? Let’s back up. Do you have monthly sales goals for your business? If not, you should. You should have a target number for how much money you need to bring in each month. That number should be your benchmark. When you …
Yesterday, I came home to one of my favorite things when it comes to running my own business – three (nice sized) checks in the mail. These checks weren’t unexpected. They were payments from stores for jewelry I had sent them in March. These were checks rolling in from my NET 30 accounts. And these …
Read more “What is NET 30? (and how to make NET 30 work for your business)”
If you’re like most makers I know, the last few months of the year can mean an increase in sales and a nice little cash cushion for your business. After all, the fourth quarter is when most retail based businesses traditionally turn a profit for the year. But how you spend this extra cash can …
Read more “how to make the most of your fourth quarter profits”