Do you know what it costs, what it really costs, to run your business? Let’s back up. Do you have monthly sales goals for your business? If not, you should. You should have a target number for how much money you need to bring in each month. That number should be your benchmark. When you [...]
Yesterday, I came home to one of my favorite things when it comes to running my own business – three (nice sized) checks in the mail. These checks weren’t unexpected. They were payments from stores for jewelry I had sent them in March. These were checks rolling in from my NET 30 accounts. And these [...]
If you’re like most makers I know, the last few months of the year can mean an increase in sales and a nice little cash cushion for your business. After all, the fourth quarter is when most retail based businesses traditionally turn a profit for the year. But how you spend this extra cash can [...]
This weekend I made some major changes to meganauman.com. With a little help from Tara, I’d done all the design and coding on a backup site. So last night, I sat down to move everything over to my main site. And that’s when I realized that my web hosting sucks. I’ve had the same web [...]
Since declaring this the year of numbers I’ve paid much more attention to the financial health of my business. And as a result, my business has been much more financially healthy. And as the year draws to a close, I’ve been spending a lot more time staring at spreadsheets. (My bookkeeping method involves a combination [...]
We could all use some extra cash to fund our businesses, and from the responses I’ve gotten to this week’s posts, it’s clear that there are plenty of you who could really use an extra 500 bucks. So I’ve compiled a list of some of the ways you could “find” $500 for your business. Some [...]
Monday’s post brought out a lot of interesting comments about how you would spend money on your business. Some of the answers were more surprising than others, but they all gave me something to think about. One of the answers that I found particularly interesting was that when it came to the $50,000, several people [...]
What would you do if someone gave you $500 to spend on your business? What would you buy? Who would you hire? What shows or conferences would you attend? What if someone gave you $5,000 to spend on your business? What about $50,000? And would you spend it differently if you had to pay it [...]
I’ve been thinking a lot about money, both from a business and personal standpoint. As we approach the end of the year, I’m getting excited about doing some serious number crunching for my business. A little geeky, I know, but I run a blog about business, so you already knew that. But since I declared [...]
Today I’m excited to share this guest post from Holly of Accounting Spot. Holly provides accounting and bookkeeping services for small and micro businesses, and she’s graciously agreed to share her tips for keeping track of profit in your business. Thanks Holly! Hello! I was so excited when Megan asked me to guest post here [...]
Megan Auman is a designer, maker, educator, and entrepreneur who has built a multi-faceted business around her passion for great design and sustainable business. Her eponymous jewelry line is sold in stores across the US and online. In 2009, Megan founded Crafting an MBA to help designers and makers develop their business skills. In 2011, the site name was changed to Designing an MBA.
Learn more about Designing an MBA.
