Do you put profit first in your studio business? I know, I know, we're driven by passion as creatives because we love what we do, but it's really important to prioritise profit. So how do I do that you ask?
If you follow some key guidelines, such as having different provisional bank accounts to hold funds for various categories and create category percentage splits across those holding accounts, then you are off to a good start!
If you feel confused that's ok as I break it down for you. Perhaps you are curious which is great too! In this episode, I share with you exactly how I run my accounts, and the categories I provision money for.
I hope this helps you have a better cash flow in your business. Enjoy the show!
NEED SUPPORT OR INTERESTED IN WORKING WITH ME? >>> Did you know that I am a Performing Arts Business Strategist, Speaker and Coach? I also offer one-on-one Coaching services! No matter where you are in your performing arts business and journey, I am here to help you.
***Reach out if you are interested in my coaching or speaking services here: https://www.josephinelancuba.com/contact
See omnystudio.com/listener for privacy information.
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