Danielle Hayden: Money Management for Artists with Fluctuating Income

On the Art Coaching Club podcast, Danielle Hayden of Kickstart Accounting, Inc. breaks down money management for artists, especially those navigating fluctuating income. 

Drawing from her own background as a creative, Danielle shares how to establish a rhythm for reviewing your finances weekly, monthly, and quarterly. She emphasizes the foundational role of accurate bookkeeping, recommending QuickBooks Online and advising creatives to hire an expert for this important task. 

Danielle introduces the concept of a 'money team' — your bookkeeper, tax accountant, business coach/CFO, and you as CEO — and explains the three key numbers every business owner should know: net income, average operating expenses, and monthly cash outlay. Learn how to set strategic goals based on your 'season of business' (growth, lifestyle, or legacy) and approach budgeting as a growth plan rather than a restriction. 

Danielle also covers when to consider switching to an S corp, smart tax strategies, and financial considerations for hiring your first team members. Plus, she offers insights on understanding your money mindset and grounding yourself in data. You don't have to do it alone – tune in for practical, actionable financial advice tailored for creative entrepreneurs.

Learn more:  www.kickstartaccountinginc.com/gift

Follow along on Substack: https://hayleypricewhite.substack.com/

 

 

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