Interior Design Business
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Tips & Tricks
Setting a budget - and sticking to it - can be one of the hardest and most stressful parts of an interior design project. Especially today because costs are rising every day on both supplies and furnishings. It's so important to lock in pricing when you can. But once you FINALLY have set a...
It's fantastic when you love what you do - it makes the work worthwhile! BUT - it's called "business" for a reason. You started your company to make MONEY. Sometimes we forget about that, or we put it to the side and assume it will take care of itself. But you have to pay close attention to your...
Did you know that a company can be profitable and STILL go out of business? Your company can look profitable “on paper” but not have enough actual cash to pay operating expenses like your, payroll lease, and utilities. Nothing kills a business faster than a lack of cash...
Even the most experienced business owners can get confused about two of the most important financial terms - markups and margins. It requires a much deeper dive into your company to get to the heart of each one, and why they are SO important. But having a strong understanding about how...
For most creatives, any topic that has to do with finances is NOT one they really want to talk about. But the accounting side of your business is where the money gets made. It's as critical to your company's success as your creativity is!! So, make THIS the day that you really...
The number-one thing that can hurt your business more than any other thing is your cash flow - or the LACK of cash flow! That single issue has brought down huge companies - especially when bills have come due before there are funds to pay them. It's something that businesses of all sizes need to...
We're only a few days into the new year and I am ready for whatever comes for my company this year! How can I be so confident?? I always make a plan to start off on the right path so I have less to worry about AND so I can react to any ups or downs. We can't predict what the next 12 months hold...
I love what I do - no really, I DO! But I get frustrated with the design business, just like I'm sure you do. Every business owner and CEO has times when they're ready to throw in the towel. That's just normal. But it's HOW you respond to those frustrations that can make all the difference. So I...
Most interior design businesses are small, usually with less than 20 people working in a firm. Many of those actually have just one or two employees. In companies that small, it's important to be open with employees, to foster good will and to create a fabulous working environment. Being...
Most interior designers that I've worked with understand the basics of their financials. They can figure out how much money is coming in and how much is going out. But it's surprising how many small business owners don't know their profit margins, especially since that's the KEY marker of how...
As we head toward All Hallow's Eve, I like to avoid any scary moments by double-checking my business strategy for the coming months. We've had a rollercoaster of a ride in 2021, so I want to be sure that 2022 will include far more treats than tricks. Here are 4 things I will have in place to...