Every creative business needs a strong foundation. From goal setting and budgeting to choosing systems that work for you, this category helps you build your handmade biz the smart way — one simple step at a time.
Getting financially organized as a handmade business owner doesn’t require perfection or complicated tools. This post shows you how to create simple, maker-friendly bookkeeping systems that reduce chaos, clarify categories, and make weekly bookkeeping feel doable instead of overwhelming.
Owner’s draws are how small business owners pay themselves — but they’re often misunderstood. In this article, you’ll learn what an owner’s draw is, how it works in handmade businesses, and how to record it correctly in your bookkeeping.
This post was originally published in 2020 and has been updated to provide clearer information.
Bookkeeping feels hard for many handmade business owners — not because it’s complicated, but because it’s often put off for too long. If you’ve been waiting for “later” to start, this post explains why starting small, starting now, and doing it weekly is the calm alternative you didn’t know you needed. Part 2 of the “Why Handmade Business Bookkeeping Feels Hard (And How to Fix It)” series.
Tracking Cost of Goods Sold (COGS) and inventory can feel confusing because bookkeeping, pricing, and taxes all use them differently. This post breaks down the 3 real reasons handmade sellers need to track COGS + inventory — with a full start-to-finish example so your numbers (and profit) finally make sense.
Handmade business owners often run into the same money mistakes — from underpricing to skipping bookkeeping to mixing up profit and pay. In this post, we’ll break down the top eight financial mistakes handmade sellers make and show you simple, stress-free ways to avoid them and build a more profitable creative business.
The BOI Report, a report handmade businesses that are LLC’s, S or C Corporations must file with the U.S. Treasury – Financial Crimes Enforcement Network. Sole proprietors are not required to file. BOI stands for Beneficial Ownership Information. UPDATE: The Treasury Dept has extended the 12/31/24 deadline to 1/13/25. The NACPA is lobbying for 90 …
