Many of our customers and readers have turned their creativity into a business so we wanted to share this useful infographic from Red Lemon Club which highlights some of the key issues associated with making a creative business work.
Alex from Red Lemon Club identifies four “noble truths” that need to be understood for a business to succeed:
1. Your product should make you proud
2. Real businesses are business systems
3. No cashflow means no business
4. Know your buyer
Alex points out that key business areas such as sales, marketing and accounting need careful individual attention and that businesses often fail because one of these areas is neglected, and this is something we also found in our Intuit Three Year Glitch report.
QuickBooks Online accounting software is perfect for creative businesses who want an easy way to stay on top of their accounts and track their cashflow – leaving them more free time to pursue what they’re passionate about. You can try it free for 30 days to see how it could help you manage your business better.