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Interior Design Business Review-1st Quarter

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Interior Design Business Review-1st Quarter

Is this real?!

Yep. We are about to hit the end of our first quarter.

I know, you don’t have time to review your business. The year, just started, right?!

Well, here I am to motivate you to JUST DO IT!

You can make this year the BIGGEST and BEST!

How do I do this? First, start with the big picture.

Big Picture

To get the big picture of your business, you need to review your financials. I know…I have an MBA and I still hate the word financials!! The great news is that I use Studio Webware, so I can just run a report to see where my business is. So, what do you do?

  • Review your business revenues (revenue is the income that a business makes, usually from the sale of goods and services to clients.)
  • How much money have you made so far?
  • How much money do you want to make by the end of the year?

Opportunities

Look at your current design projects and determine whether you can hit your revenue goals. If you need to focus a bit, plan on focusing on those design services that make the most profit.

  • Do you have clients who need to have their homes ready for graduation, summer, etc.?
  • Can you complete some jobs before the mid-year?
  • What things are you doing that don’t make you money? This can be a design service or product you sell.
  • Can you stop offering the service or product that isn’t making you money and focus on the profitable ones?

What Can You Accomplish in the Second Quarter

How can you be sure to accomplish your financial goals? What goals do you want to achieve by year-end? Can you divide that by 2 to see what you need to hit by mid-year?

Is anything holding you back from really KNOWING what is going on in your business?

Accounting/bookkeeping is one example, but what about all of the other goals you wanted to tackle?

  • Develop new design services
  • Eliminating the clients who suck up all of your energy and time
  • Creating new products to sell
  • Adding additional revenue streams

Focus on what you can do THIS year. The year is only a quarter gone, so you have time to really make it BIG. I always feel like the year goes by so fast, don’t you?! So, get your game face on and:

Take the time! Put your to dos in your calendar NOW!

So, let me help you get organized! Download your free 1st Quarter Business Review Guide here.

The guide will ask you to:

  1. Assess your current financials
  2. Determine what services and products are profitable
  3. Eliminate services and products that are not profitable
  4. Focus on profitable parts of your business to reach your year end goals
  5. List clients, fellow designers and educators to help you finish the year strong
  6. Get some action items to tackle now!

There is also a part 2.

Maybe you have goals for new products, services or partnerships to seek? Education to focus on? Relationships to develop?

Take the time to do this NOW and you will make 2017 your BEST year!!

Click Here to Download the 1st Quarter BusinessReview Guide

xoxo,

Kathleen

PS. Grab your download here and make it a GREAT year!!

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