Finance and accounting are often regarded as the boring side of business by creative people, but those who ignore it are not in control of their business destiny. It’s like driving a car without looking at the dashboard. Successful entrepreneurs don’t need to look at all the detailed financial information but do need sight of the key financial measures. These are the equivalent of the car’s dashboard instruments showing the important information such as speed, fuel and oil pressure. The financial equivalents are profitability (per project and overall), cash flow and net assets. These factors make up your Financial Control Panel.
Read more about How to Measure Progress in a Creative Business.
This is an extract from the book ‘T-Shirts and Suits: A Guide to the Business of Creativity’ by David Parrish.
You can download the finance chapter ‘Counting your Money’.
Download counting_your_money. Excerpt from T-Shirts and Suits. A Guide to the Business of Creativity.pdf
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Download the complete book ‘T-Shirts and Suits: A Guide to the Business of Creativity’ as an eBook in PDF format.