Custom Manufacturing Industry podcast is an entrepreneurship and motivational podcast on all platforms, hosted by Aaron Clippinger. Being CEO of multiple companies including the signage industry and the software industry, Aaron has over 20 years of consulting and business management. His software has grown internationally and with over a billion dollars annually going through the software. Using his Accounting degree, Aaron will be talking about his organizational ways to get things done. Hi ...
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EP 365 | Feast or Famine with Danielle Hendon
MP3•Episode home
Manage episode 403435356 series 1408635
Content provided by Business of Design and Kimberley Seldon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Business of Design and Kimberley Seldon 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://player.fm/legal.
Managing fluctuating client cycles of feast-to-famine can produce anxiety in even the most seasoned professionals. Anticipating annual trends where business slows down such as holiday time or the height of summer can help. But navigating longer ebbs and flows is part of any business owners journey. Let’s talk about the essential skills required to cope with feast-to-famine. In this episode we learn: - managing cash flow is part of successfully navigating the feast/famine cycles - don’t put your head in the sand in terms of your financial health - don’t rely on how business “feels”, know what your numbers say - pay attention to your balance sheet - talk to your CPA about income splitting and other ideas that can help you minimize taxes - three profit levers to pull when your business is in a famine era - different ways to create safety nets in your cash flow as a designer (line of credit, savings, etc.) - which tasks that should be completed at a regular cadence to keep your finances healthy (including those you can outsource) Success is not an accident. It's a strategy. Business of Design® is that strategy. Become a member, today. https://businessofdesign.com/?ref=2&campaign=podcast
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392 episodes
EP 365 | Feast or Famine with Danielle Hendon
Business of Design ® | Interior Designers, Decorators, Architects & Landscapers
MP3•Episode home
Manage episode 403435356 series 1408635
Content provided by Business of Design and Kimberley Seldon. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Business of Design and Kimberley Seldon 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://player.fm/legal.
Managing fluctuating client cycles of feast-to-famine can produce anxiety in even the most seasoned professionals. Anticipating annual trends where business slows down such as holiday time or the height of summer can help. But navigating longer ebbs and flows is part of any business owners journey. Let’s talk about the essential skills required to cope with feast-to-famine. In this episode we learn: - managing cash flow is part of successfully navigating the feast/famine cycles - don’t put your head in the sand in terms of your financial health - don’t rely on how business “feels”, know what your numbers say - pay attention to your balance sheet - talk to your CPA about income splitting and other ideas that can help you minimize taxes - three profit levers to pull when your business is in a famine era - different ways to create safety nets in your cash flow as a designer (line of credit, savings, etc.) - which tasks that should be completed at a regular cadence to keep your finances healthy (including those you can outsource) Success is not an accident. It's a strategy. Business of Design® is that strategy. Become a member, today. https://businessofdesign.com/?ref=2&campaign=podcast
…
continue reading
392 episodes
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