Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
Helping handmade, creative and craft business owners learn to handle their bookkeeping, one step at a time!
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Think a budget just applies to your personal life, think again. A business budget is super important, especially when you are first starting out – after all, your start up money is coming out of your pocket!
When you create an overall budget for your business, your Revenue and Expense budgets get “married” – so to speak. Together they can tell you all kinds of wonderful financial things about your business including: what your fair hourly wage is (or should be!), how much you should be setting aside for taxes, helps you to calculate an amount that you …
Creating an expense budget for your creative or handmade business helps you not only make the dollars you spend work for you, but also prevents your dollars from flying out the door! It also provides you with the amount of your fixed costs that you need to pay each month or year – even IF you have NO income! Welcome …
Creating a budget for your handmade or creative biz isn’t all that hard – but it does take time! Last week we talked about how a budget: is more than just saying “NO” to buying that wonderful soft, squish yarn that was on sale (when you already have close to $2,000.00 worth of yarn in inventory). makes your money work …
Does your handmade or creative biz need a budget? Maybe you just finished up your bookkeeping for last year, looked at your numbers, and were appalled at the amount of money you spent in certain categories – Inventory perhaps? Maybe, you looked at your ending inventory balance, discovered it was close to $2,000.00! Did you think “HOLY CRAP!” my spending …
Do you have a budget for your handmade or creative biz? Ya, I know, that’s kind of a personal question isn’t it? Sorry if it’s a little too personal – but here’s why I’m asking……… We’re half way into the year {YIKES!} Are you on track to meet your goals? Are you hitting your financial targets? Has your income been …