I whole-heartedly believe in working smarter and not harder. And based on the amount of inquiries I receive about this topic, it seems like you might too. I would rather work 20 focused hours in a week than filling 40 hours with who knows what just because that is the “standard”. When you own your own business this is within the realm of possibilities, you just need to work smarter and not harder.Read More
I’ve been rereading The 7 Habits of Highly Effective People by Stephen Covey and it’s so good. So many wisdom bombs that has me underlining and affirming to myself. But of course, I’m always thinking of you and how it applies to running an interior design business.
So when I read the part where the author defines “effectiveness” by using Aesop’s fable of the goose and golden egg, I thought of interior designers over their head in business.Read More
It has taken me a long time to realize that it is up to me to set the tone. I was recently at a conference and the energy from the crowd was truly amazing. I’d never seen so many people enthusiastic and pretty much saying that this was the greatest conference ever. (Which if you’ve ever sat in a large bland hotel ballroom, in uncomfortable seats, and intense air conditioning you know is quite an accomplishment.)
I am generally a reserved person. I look before I leap.Read More
One of the things that you must deal with when running an interior design company is the cyclical nature of the business. Some times of the year are naturally slower than others. Depending on where you’re located seasons, holidays, school schedules, and daylight savings time (I’m not sure about that last one, but I wish it would go away) can have an effect on the flow of work into your design firm. This means that we all likely have to deal with income ups & downs.
As a smart business owner, you must plan for this. So what can you do when you’re dealing with inconsistencies with your income?Read More
Today, I’m going to touch on some accounting principals, markup and margin. These are two terms that you may have to think about when you’re calculating profit and pricing in your business. These are numbers that you should be familiar with and how they play into your business because they can help with your profitability.
Markup and margin are not the same, even if occasionally you may hear them used in the same way.Read More