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Success by Design - Mastering the Business of Interior Design
Know Your Numbers: Cash Flow, Taxes & Accounting for Interior Designers
Ever wonder why some interior design firms seem to glide through the ups and downs of business effortlessly, while others always seem stressed about finances? I've learned the key difference is simple but powerful—knowing your numbers.
In this week's episode of Success by Design, I'm sharing exactly how I've structured my business around clear, reliable financial practices. Understanding my numbers has allowed me to confidently make decisions, avoid unnecessary stress, and sustainably grow my firm.
You'll get a peek inside my approach, including:
Weekly Accountant Meetings: Why my 30-minute weekly financial review is my business lifeline.
Smart Savings: How I build and manage rainy-day funds using high-interest accounts like VMFXX.
Navigating Sales Tax: Understanding "nexus"—yes, you might owe sales tax in places you've never even visited!
Accrual vs. Cash Accounting: The essential reason I switched to accrual accounting, especially for potential future business sale or growth.
Plus, join me for a fun "Two Truths and a Lie" challenge that tests how well you really know your business finances!
No more guessing. No more stressing. Let's master our numbers together.
For personalized guidance, book your discovery call now.
Thanks to our sponsor, Shaw Contract - Learn more and specify smarter at shawcontract.com
Connect with Katie Decker-Erickson
Book Your Coaching Strategy Session with Katie!
Business Coaching for Interior Designers
Click Here to read the full episode transcript.
This episode of Mastering the Business of Interior Design: Success by Design is brought to you in partnership with Leah Bryant Co.
I'm your host, Katie Erickson
I’m a commercial exterior and interior designer with an MBA and nearly 20 years in the industry. When I’m not leading my coast-to-coast, multi-million dollar firm, I love sharing real talk on the business of design, blending insights from 20 years as a business professor. I keep it honest—balancing work and chasing my two girls around.
Know Your Numbers: Cash Flow, Taxes & Accounting for Interior Designers
Ever wonder why some interior design firms seem to glide through the ups and downs of business effortlessly, while others always seem stressed about finances? I've learned the key difference is simple but powerful—knowing your numbers.
In this week's episode of Success by Design, I'm sharing exactly how I've structured my business around clear, reliable financial practices. Understanding my numbers has allowed me to confidently make decisions, avoid unnecessary stress, and sustainably grow my firm.
You'll get a peek inside my approach, including:
Weekly Accountant Meetings: Why my 30-minute weekly financial review is my business lifeline.
Smart Savings: How I build and manage rainy-day funds using high-interest accounts like VMFXX.
Navigating Sales Tax: Understanding "nexus"—yes, you might owe sales tax in places you've never even visited!
Accrual vs. Cash Accounting: The essential reason I switched to accrual accounting, especially for potential future business sale or growth.
Plus, join me for a fun "Two Truths and a Lie" challenge that tests how well you really know your business finances!
No more guessing. No more stressing. Let's master our numbers together.
For personalized guidance, book your discovery call now.
Thanks to our sponsor, Shaw Contract - Learn more and specify smarter at shawcontract.com
Connect with Katie Decker-Erickson
Book Your Coaching Strategy Session with Katie!
Business Coaching for Interior Designers
Click Here to read the full episode transcript.
This episode of Mastering the Business of Interior Design: Success by Design is brought to you in partnership with Leah Bryant Co.
Interested In Sponsoring The Podcast?
Know Your Numbers: Cash Flow, Taxes & Accounting for Interior Designers
Ever wonder why some interior design firms seem to glide through the ups and downs of business effortlessly, while others always seem stressed about finances? I've learned the key difference is simple but powerful—knowing your numbers.
In this week's episode of Success by Design, I'm sharing exactly how I've structured my business around clear, reliable financial practices. Understanding my numbers has allowed me to confidently make decisions, avoid unnecessary stress, and sustainably grow my firm.
You'll get a peek inside my approach, including:
Weekly Accountant Meetings: Why my 30-minute weekly financial review is my business lifeline.
Smart Savings: How I build and manage rainy-day funds using high-interest accounts like VMFXX.
Navigating Sales Tax: Understanding "nexus"—yes, you might owe sales tax in places you've never even visited!
Accrual vs. Cash Accounting: The essential reason I switched to accrual accounting, especially for potential future business sale or growth.
Plus, join me for a fun "Two Truths and a Lie" challenge that tests how well you really know your business finances!
No more guessing. No more stressing. Let's master our numbers together.
For personalized guidance, book your discovery call now.
Thanks to our sponsor, Shaw Contract - Learn more and specify smarter at shawcontract.com
Connect with Katie Decker-Erickson
Book Your Coaching Strategy Session with Katie!
Business Coaching for Interior Designers
Click Here to read the full episode transcript.
This episode of Mastering the Business of Interior Design: Success by Design is brought to you in partnership with Leah Bryant Co.
insightful conversations & super RELATABLE!
Excited for a podcast directed towards interior designers that covers the business and creative mindsets needed to run a successful firm. Throwing in life balance to every conversation makes this super relatable. Great conversations.
Colorful Conversations is like having a fun chat with your artsy friend who also knows how to create success! Katie's podcast is a must-listen for folks who love design and want to make money from their creative passions. She keeps you in the loop about the latest design trends while dropping priceless tips on turning your creativity into a successful business. Whether you're a design enthusiast or a budding entrepreneur, Katie's show is a goldmine of ideas and inspiration. So, tune in and get ready to blend style and success with her friendly and informative episodes – you won't want to miss it!
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Listener Reviews
insightful conversations & super RELATABLE!
Excited for a podcast directed towards interior designers that covers the business and creative mindsets needed to run a successful firm. Throwing in life balance to every conversation makes this super relatable. Great conversations.
Colorful Conversations is like having a fun chat with your artsy friend who also knows how to create success! Katie's podcast is a must-listen for folks who love design and want to make money from their creative passions. She keeps you in the loop about the latest design trends while dropping priceless tips on turning your creativity into a successful business. Whether you're a design enthusiast or a budding entrepreneur, Katie's show is a goldmine of ideas and inspiration. So, tune in and get ready to blend style and success with her friendly and informative episodes – you won't want to miss it!
Why Don't you leave us a Review too?
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