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A Money Plan and Your Creative Business – More Than Just Figures

If you are a creative-artistic entrepreneur – your need for a Business Money Plan (or commonly referred to as a Budget) is a necessity for your best business creative good. This isn’t just for reasons of some business advisor or accountant telling you that you need it – you should want to need and rely on it as part of your “creative stream.”

While I know it sounds like a cliché to “have a budget for your business” but all too often it is not clearly understood why a money plan for your creative business money needs to be in place.

Consider some of the more profound reasons of why a business money plan should be central to your entrepreneurial path and your creative well-being… please especially note that it goes beyond just the actual figures…

Allow yourself to experience the fulfilling aspects of your business money plan to allow yourself to:

Connect with having enhanced confidence about handling your creative business money

It is challenging to have confidence about something you know little about – right? Planning, whether personal or business is so misunderstood but it truly is one of the most important.

In order to have real, true confidence, you need to should have the business skills that will make your creative business run smoothly – your money plan is one of those facilities that you should have a basic understanding of.

Bring about command of your business destiny through understanding proper money handling practices

While many creative and artistic entrepreneur’s cringe at the idea of “bookkeeping, accounting and anything number related” it is through these systems that you keep your business on a good course. Proper money handling practices is part of this. How do you intend on dealing with a payment system in terms of accepting payments, matching them to billings and reconciling the bank every month? It sounds easy enough, but to put a system in place that is manageable, practical and that can be kept up on a regular basis, takes an awareness that needs to be learned.

What you have set-up for money systems in your business are primary to enable you to get the information out of your business that you require. This will greatly help your ability to make operational decisions, allow for the proper filing of various tax returns while placing you in a strong position to best make future (strategic) plans for your business.

Achieve better money and financial results

It is important to be able to measure how your creative business is performing financially. It is impossible to keep it in your head! In order to see if you can improve, you need to know exactly what progress the business has made over time for both the benefit of short and long term decision-making.

Become faster at making decisions in your business

You can make more expedient decisions if you know the optimal earning point for your business along with the types of spending and investments that are being made along the way. In order to assess different vendors, suppliers and other players (stakeholders) in your business, you need to know your numbers and be able to place your hands on this information at any time. Also in order to take advantage of opportunities – you need to have quick and accurate access to the financial performance of your business.

Cultivate the feeling of being in control of your money

You can’t feel in control until you are actually in control. You can’t just make believe “control “, it has to be the result of actually having a money handling plan that is tailored to your business. It must take into account your aspirations, risk tolerance and other aspects of your being in business. The money skills that you learn are instrumental in moving you along to really knowing your money and connecting with the number aspects of your business. Once you have determined that, then you are truly in control of your money and can start to gain momentum and the true feeling of control.

Have the time to create and promote your entrepreneurial offerings

As a creative-artistic entrepreneur, you have many hats to wear (oh goodness!) and to that end you need to balance your time between the management and strategic side of your business, together with working on your creative offerings and marketing and promoting what you have to offer. While this sounds exhausting, it doesn’t have to be once you have enough in place to feel at peaceful about your business and its money dealings.

Encourage your creativity through not worrying about your business finances

If you have a money plan in place for your business, then you have a course to follow. You can find peace in knowing that you have a strategy in place and this can help you creatively. How? You can relax and encourage your creativity and not be so pre-occupied with what is occurring with your business finances. If you can’t do this – then something needs to be fixed.

These are just some of the more important aspects. I don’t want to insult your intelligence by listing the obvious, however they are worth mentioning and repeating:

  • Keeping your expenses down to improve your bottom line
  • Earning to your business potential
  • Pricing strategies
  • Identifying opportunities

This is just to name a few, but these are all gleaned with your business money plan. I want you to think beyond the traditional number reasons and consider the intrinsic and in my view, ultimately more persuasive reasons for having a business money plan.

Remember, as I have said: This is not just one of those “need to haves” ideas that entrepreneurs are told by every money and business guru, it truly is one of the few important items that should be created as early as possible in your creative business.

Why You Should Outsource Logistics for Your Small Business

Running your own business requires sacrifice. It can both rewarding and stressful in equal measures. While most small business owners enjoy having control over their professional life and pursuing their passions, some major stress factors such as not having enough personal time, feeling like you can never be away from your work, and having to wear so many different hats can take a major toll. Choosing a 3PL for your companies logistics needs can help ease the burden of running a small business and provide several advantages to your company.

Outsourcing Saves You Time

One of the biggest sacrifices small business owners make is their personal time. Many business owners feel that they cannot be away from their work and miss out on valuable time with their friends and families. Outsourcing your logistics services can take a lot of tasks off your hands that may be eating your time. For example, a 3PL will handle the paperwork, billing, training, and staffing that go along with shipping your products.

Outsourcing Saves You Money

Tracking expenses can be a huge stressor for anyone who owns their own business. Outsourcing your logistics services will eliminate extra expenses such as investing in warehouse space, technology, transportation, and additional staff. Using a 3PL can also help keep small business shipping costs to a minimum by lowering transportation rates and reducing the risk of costly mistakes such as returns and lost sales.

3PLs Keep You Up-to-Date with Technology

Keeping up with the latest advances in logistics technology is a constant struggle for many small business owners. Choosing to work with a 3PL is a great way to ease this burden. 3PL’s are highly knowledgeable about the industry’s best practices and stay up to date on all the newest technologies. 3PL software is capable of handling advanced reporting, inventory maintenance, and provides visibility so the entire process can be monitored.

It Takes Responsibility off Your Shoulders

Another major issue that many small business owners face is that they have to act as a Jack of all trades and often spread themselves too thin. Outsourcing logistics can help take some of the responsibility off your hands and allow your company to focus on its core competencies. By leaving this part of the business to the experts, you can relax and have peace of mind knowing that your logistics needs are being taken care of by professionals.

You Can Trust the Professionals

Trusting your employees to run things without you can often be difficult when running a small business. When you outsource your logistics to a 3PL, you can rest assured that your freight shipping solutions are being handled by professionals. Third party providers constantly monitor performance to ensure that the risk of damage or loss is minimized and that bottlenecking does not occur. 3PL’s often produce quality service that keeps customers happy.

Running a small business can mean lots of stress and challenges. Outsourcing your logistics needs to a third-party can take some of that weight off your shoulders. Choose a 3PL today and start focusing on your company’s future.

Invest On A Smart Car And Donate Your Outdated Automobile

As a consequence of things that are happening on the environment plenty of people are actually turning out to be sensitive with their actions. The buzz of the green movement in the US has convinced people to look more closely at Smart automobiles.

Buying it gives a lot of gains that the conventional car doesn’t. These typically cost more beforehand compared to regular automobiles but, over time, they turn out costing you much less. If you would choose to make investments on a Smart Car, then the first thing to do in your outdated car will be to donate it.

Compared to an electric car, the Smart Car don’t even have to be plugged up so as to charge the battery again. The car battery in fact recharges even though the automobile is going. In the United States, you can acquire a substantial tax break if you purchase a Smart vehicle. These kinds of automobiles with their advantages are rapidly transforming into a known choice for vehicle buyers everywhere. Regularly changing gasoline costs will not be a concern.

A great advantage of the Smart Car is that it is environmentally-friendly. It is not only fuel-efficient, averaging about 40 mpg, but it has several other environmentally-friendly functions at the same time. It utilizes revolutionary energy-efficient and recyclable materials in its construction. The truth is, 95% of the vehicle is recyclable and also the dash material is made from recycled synthetics. So any discussion of Smart Car benefits and drawbacks needs to include the information about just how green the Smart Car actually is.

If perhaps you’ve now been convinced to purchase a Smart Car, then make yet another smart move once you donate your car to a charitable organization. A lot of people may not know precisely how vehicle donation pays them off. Of course a noble act of charity brings spiritual happiness to the donor but there are additional advantages of other kinds to be gained from car donation. The monetary advantages along with the timeless non-monetary advantages of participating in charity turn it into a truly rewarding venture.

Just because there are monetary advantages that people may obtain out of vehicle donations that doesn’t turn it into a selfish act. You might be eligible for cash and cash equivalent advantages from your vehicle donation. Automobile donation is among the most practical means of getting rid of unwanted possessions. Even though your vehicle is in non-running condition giving it to a charity is a lot better than sending it to the dumps.

There is however a simple, easy and soul fulfilling way of getting rid of your vehicle and aid an individual less blessed along the way. Donate your automobile that is going to do a little good with the old rust bucket. When you donate an automobile, a lot of things happen which provide exceptional advantages over reselling or trading it in. First and foremost, when you donate a car, you are giving something of true value to the neighborhood at large.