Jan 27, 2021How to Reschedule Missed Installment PaymentsHelping creatives get the money they deserve As a small business owner sometimes you charge enough for services that installed payments from your clients is a reasonable solution. Instead of charging a client $10K upfront for services you may charge ten installments of $1K and plan out the services accordingly…Financial Services3 min readFinancial Services3 min read
Dec 16, 2020Are You Charging Enough?Marking up Procurement Items In the design industry it is common to procure items for clients. The price you charge is usually calculated as a marked up percentage of the cost of the item. The simple version math (ignoring freight & taxes) may look like this for one item: Cost of Item = $100 …Design2 min readDesign2 min read
Nov 14, 2020It’s a Trap! 3 Questions before Hiring SalesLet’s say this is your current business on a monthly basis and you would like to double your sales. Before: Sales ($5,000) — Expenses ($1,000) = Net Income ($4,000) A reasonable solution is to hire a sales role to bring in that new business. The math seems simple — they…Sales2 min readSales2 min read
Nov 13, 2020Simpler Financial Management with 5 Expense GroupingsIt is fairly common to see expenses listed in alphabetical order or in some hard to follow default order within financial statements. This means your Rent expense and Telephone expense may have Salary expense wedged in between. …Accounting1 min readAccounting1 min read
Oct 28, 202060 Minutes for a 2021 BudgetBest analysis shows that 61% of small businesses do not create an annual budget. This means that only the remaining 39% are able to create goals, provide sales targets, prepare for expenditures, or pay estimated quarterly taxes. This month’s toolkit provides a 3-step framework to build an annual budget in…Budget4 min readBudget4 min read
Oct 14, 20205 ways to reduce the struggle with devicesMost of us have had our morning completely and utterly ruined by technology. We expect our laptop to perform perfectly all the time, we expect everything to be organized and we expect it to do the heavy lifting for us. …Small Business3 min readSmall Business3 min read
Aug 16, 20205 Things to Know Before Starting a Direct Selling BusinessThere were 27.9 million small businesses registered in the United States in 2010. Many of these business are solo-entrepreneurial including services like cleaning, lawn care, childcare and direct selling. Direct selling is when goods are purchased from a company and sold directly to consumers. Goods are purchased from a company…Small Business7 min readSmall Business7 min read
May 6, 2020Reap the Benefits of Your Own EfficiencyIs Hourly Worth the Ease? There should always be a connection between the time you spend delivering services and the price you charge for those services. Here are three popular ways that small businesses charge for services. Hourly: Charge an hourly rate, accrue the hours over time, and then bill for those hours. Scoped: Estimate…Creative2 min readCreative2 min read
Jun 3, 2019Using Your Business Model to make Better DecisionsWhat is a Business Model? How you deploy business resources is your process. The so what of that process is your business financials. Those financials determine who or what resources you acquire. Repeating this cycle is your business model. Why Does Your Business Model Matter? The skills that earn money are different than the skills that keep money. Time managing the…Startup2 min readStartup2 min read
