Join Petrula Vrontikis for an in-depth discussion in this video Record keeping, part of Running a Design Business: Starting Small.
Establishing good systems and procedures early on will save hours of time later. …You're going to need three organizational tools. …The first is accounting software to use as a check register. …To plan your cash flow and categorize business expenses. …You can see past, present, and anticipated deposits, and payments coming …in and going out. Starting out, Quicken Essentials is the …most basic program I can recommend. But as you transition into a larger …business, you should get set up in QuickBooks.…
The benefit of either program is that each entry you make has a category, which …is easily cross referenced in a report, so you can find out exactly how much you …spent on materials and supplies, what you paid each subcontractor, or how much each …client has paid you within a year. It also allows you to track your expenses …that can be deducted against your taxes. Being able to deduct business expenses …from your total income can really save you a lot of money in taxes. …The trade off is that you have to keep track of them properly.…
- Naming and structuring your business
- Keeping records
- Cultivating business relationships
- Hiring employees and subcontractors
- Creating schedules and managing deadlines
- Understanding industry trends
- Avoiding the pitfalls of spec work
- Promoting your business through social media
Skill Level Appropriate for all
Running a Design Business: Designer-Client Agreementswith Terry Lee Stone1h 10m Appropriate for all
1. A Solid Foundation
2. Structure and Form
3. Getting Work
4. Developing Contracts
5. Keeping It Running
6. The Trends
7. Looking Ahead
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