You know what creative systems you need for a successful practice. But what business systems do you need? This course outlines the primary financial statements used to track progress towards creative goals. We’ll measure “worth,” manage cash, spot variances, and protect your assets. All in a creative context.
Overview
Syllabus
- The Budget Becomes Real
- Profit & Loss Statement + Using a P&L.
- Protecting What You Have
- Protect Income, Protect Assets, and Protecting Creativity
- Snapshot of Financial Health
- Assets, Liabilities, Net Assets/Worth/Equity and Connect Balance Sheet components to (financial) goals.
- Managing Cash Movement
- Distinguishing cash flow from profit, Creating a cash flow forecast, and Migrating cash challenges.
Taught by
Elaine Grogan Luttrull
