Why ignoring your numbers is killing your business
Manage episode 477226097 series 3607912
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.
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