Episode 5: Financial Planning for Startups – Pricing for Success
In this episode of The Motivated Creative Podcast, Nikki sits down with Claire Jones from CJF Accounting to discuss the crucial topic of financial planning for creative entrepreneurs. Claire dives into the mindset around money, the importance of proper pricing, and how to ensure your handmade business is financially sustainable. Whether you’re just starting out or trying to refine your pricing strategy, this episode is full of practical advice to help you price for success.
Today, we cover:
- (1:40) How to overcome the fear of money conversations in your business
- (3:50) The importance of developing a healthy money mindset and overcoming comparisonitis
- (7:30) Pricing for handmade businesses: why you should price your time and skills appropriately
- (12:00) The common pitfalls handmade business owners face with pricing and how to avoid them
- (16:00) How to identify your true costs, including materials, time, and energy
- (20:30) How to find the right market and customers who value your work
- (25:00) Tips on avoiding unnecessary expenses when starting out
Listen in and learn how to develop a healthy money mindset, properly price your handmade products, and grow a financially sustainable business!
Resources Mentioned in the Episode:
- Join the Creative Entrepreneur Community [https://www.facebook.com/groups/makensell]
- Handmade Business Profit Calculator: Price for success! [https://www.theartisanbusinesscompany.com/market-success-calculator]
Follow & Connect:
- Instagram [https://www.instagram.com/artisanbusinesscompany]
- Facebook [https://www.facebook.com/artisanbusinesscompany]
- YouTube [https://youtube.com/@artisanbusinessco]
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