All good things take time. And time we took. May was not only profitable, but it was a time for us to prepare for our largest launch to date in June. We spent weeks behind the scenes working with our current students, preparing bonuses and other awesome new materials and even working on some alternative ways to bring in more cash. See how May shaped up today.

Ever feel like you need to hide that your business is small?

Early on in my handbag business when I had no one working for me, I would use phrases like, "Thank you for calling us. A customer service representative will contact you within one business day."

I used my first and middle names as my business name to give the company a big "designer" image. And I'd do everything I could to hide that I was 18 years old for fear that I wouldn't be taken seriously.

A couple of years in, I had a big realization.

"I LOVE my business but… keeping up with the financials makes me feel all sorts of icky!"

That statement right there, is exactly what I hear from almost every creative I work with, time and time again! It feels like they have mastered all areas of their business but one. Managing finances correctly is a highly dreaded task for most creative entrepreneurs. I feel their pain, I really do! That’s why I want to provide you with a few simple but valuable steps to help you get started and begin to conquer this “left field” task. After reading this post, my hope is that you feel better and more capable of tackling this head on. Let’s get started!

If you're like most creative business owners, you're super busy doing #allthethings in your business.  You're the chief service provider, director of marketing, and content manager.  It's no wonder that you hardly have any time left to tackle the administrative part of your business.  Let’s be honest.  Your bookkeeping isn't exactly the shiniest penny in the jar either, so it's often pushed aside week after week until it can be pushed no more — which usually signals that it's tax time!  Am I right?

As a product-based business owner, you are the face of your business. You know your line better than anyone else and are ready to chat up buyers + retailers about your awesome assortment of products. As an introvert, though, chances are you will find needing to be so “on” all the time exhausting. Running a business as an introvert comes with its own set of challenges because our natural tendencies don’t always align with how our extroverted clients + customers think.

While it’s tempting to sit back and hope that people will find you and purchase your products, you know that your business and marketing strategy is what sets you apart from the competition. For many introverts, all the “look at me and my business” talk can leave us ready to run for the hills. If you have ever struggled with finding a balance between putting yourself out there (because you know you have to) and staying true to your introvert roots, then today’s post has your name written all over it.

Here’s a little secret: I’ve been self-employed for more than 12 years, but I’ve only been a business owner for two years. Yep, for a full decade I was “just a freelancer”.

My answer to the “what do you do?” question used to be, “I’m a freelance writer”. Not a business owner, not a CEO, not a badass boss babe. I was just a writer who happened to make a pretty good living doing it.

We’ve never been more laser focused! April was the month of launching and learning and boy, did we do just that. Inside this income report you will see where we got a 3047% ROI, how we were able to have our biggest launch to date in 7 days, and some insight into transitioning a baby to the nanny life.

The idea of selling your creative business may seem completely crazy. Maybe you left a corporate job to start your business or maybe it’s been a dream that’s years in the making. You have passion for your business, and your soul is in every detail.

This is exactly how I felt about my first business. I started and ran a wedding blog for five years, and boy, did I love that thing. The first two years all I thought about was blog posts, SEO, photo shoots and advertisers. I can’t remember what I ate for breakfast this morning, but I will never forget the day I realized that I was making as much on my blog as I was at my 9–5 job. I poured my heart and soul into every single post, and it always rewarded me for my efforts.
As life moved on and I got busier, the passion for my business waned. I still loved my blog but it was not as easy to put the time in, and as it grew it needed more and more from me. I never considered selling until someone suggested it, and I was a little shocked. Even though I had two employees and was making a solid full time salary, I couldn’t imagine who would want to buy my small little passion project. The business was so much a part of me, it also totally freaked me out to think what I would do if I sold it.

March already feels like decades ago, but so many important things happened that set us up for success in April that it would be a shame to just skip over the nitty gritty details. Inside this income report you will find out exactly what we have been investing in and spending time learning about behind the scenes, as well as our brand new tool to help automate some of the processes.

Why do we do income reports?

In an effort to be as transparent as possible in our own business, we have chosen to make 2017 the year in which we showcase the good, the bad and the ugly. That means we talk about money on months when we bring home the bacon and on months when we’d rather not discuss finances. We hope you learn a LOT from these reports. Replicate and tweak our strategies to use in your own business. Get inspired, learn from our mistakes and grow your own online business.