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Why ignoring your numbers is killing your business

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Manage episode 477226097 series 3607912
Content provided by Mahmood Reza. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mahmood Reza or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

If you've ever found yourself tangled in the creative complexities of your business and side-lined the financial aspect, then this episode of "From Creative Passion to Profit" is exactly what you need.

In "Why Ignoring Your Numbers is Killing Your Business," I share insights drawn from over thirty years of experience with creatives, emphasising the stark reality of financial ignorance.

Many creatives embark on their career purely driven by passion, but neglecting the role of numbers can transform their endeavour from a thriving business into a costly hobby.

Through this episode, I go into the reasons why ignoring finances might seem appealing, but ultimately it's a path leading to stress and financial instability.

I provide an engaging yet realistic perspective on the repercussions of financial neglect and introduce key strategies to encourage you to seize control of your business finances.

Timestamped Summary:

[00:00:38] - The false allure of ignoring numbers and five reasons why it leads to stress and failure.

[00:03:06] - Benefits of understanding your numbers, empowering you to make informed decisions.

[00:03:50] - Creative freedom through financial control, enabling proper pricing and growth.

[00:04:21] - The importance of profit and how it sustains business and prevents burnout.

[00:04:56] - Practical steps to start managing your numbers effectively without requiring advanced financial knowledge.

[00:05:55] - Reassurance of community support and resources available to support your financial journey.

Mentioned in this episode:

Find out more about Budgetwhizz

Find out more about Budgetwhizz

Budgetwhizz

Training

Training

Training

  continue reading

27 episodes

Artwork
iconShare
 
Manage episode 477226097 series 3607912
Content provided by Mahmood Reza. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Mahmood Reza or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

If you've ever found yourself tangled in the creative complexities of your business and side-lined the financial aspect, then this episode of "From Creative Passion to Profit" is exactly what you need.

In "Why Ignoring Your Numbers is Killing Your Business," I share insights drawn from over thirty years of experience with creatives, emphasising the stark reality of financial ignorance.

Many creatives embark on their career purely driven by passion, but neglecting the role of numbers can transform their endeavour from a thriving business into a costly hobby.

Through this episode, I go into the reasons why ignoring finances might seem appealing, but ultimately it's a path leading to stress and financial instability.

I provide an engaging yet realistic perspective on the repercussions of financial neglect and introduce key strategies to encourage you to seize control of your business finances.

Timestamped Summary:

[00:00:38] - The false allure of ignoring numbers and five reasons why it leads to stress and failure.

[00:03:06] - Benefits of understanding your numbers, empowering you to make informed decisions.

[00:03:50] - Creative freedom through financial control, enabling proper pricing and growth.

[00:04:21] - The importance of profit and how it sustains business and prevents burnout.

[00:04:56] - Practical steps to start managing your numbers effectively without requiring advanced financial knowledge.

[00:05:55] - Reassurance of community support and resources available to support your financial journey.

Mentioned in this episode:

Find out more about Budgetwhizz

Find out more about Budgetwhizz

Budgetwhizz

Training

Training

Training

  continue reading

27 episodes

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