• 116\\ Master Your Finances: How Interior Designers Can Take Control of Pricing, Planning, and Profit with Michele Williams

  • Nov 25 2024
  • Length: 50 mins
  • Podcast

116\\ Master Your Finances: How Interior Designers Can Take Control of Pricing, Planning, and Profit with Michele Williams

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  • Interior designers often find managing the financial side of their business challenging because they are primarily focused on creative work rather than financial planning and analysis. Many start their careers with a passion for aesthetics, design, and problem-solving for clients’ spaces, not necessarily for crunching numbers. This makes dealing with finances—like budgeting, pricing, and understanding profit margins—feel less intuitive and sometimes even overwhelming. So if you are an interior designer struggling to manage the financial side of your business and wish you had a trusted advisor to guide you, this episode is for you. Today, I chatted with Michelle Williams, owner of Scarlet Thread Consulting and Metrik Solutions, who specializes in helping designers take control of their numbers. She shares practical ways to read financial statements, price your services, and understand what your numbers really mean. With easy-to-use tools and strategies, she helps business owners make smart financial decisions—whether it's setting prices, hiring, or planning for future growth. Michelle also shares insights on setting up a clear financial strategy and tips on adapting the Profit First method. Don't miss this opportunity to gain the financial confidence and tools you need to take your business to new heights. Tune in now and start owning your numbers! Featured Guest: Michele Williams is the dynamic owner of Scarlet Thread Consulting and Metrique Solutions, two companies focused on empowering creative professionals in the design industry including interior designers, workrooms, and window covering professionals. With an eye for detail and a passion for innovation, Michele has carved a niche in providing strategic business coaching and financial analytics to help designers and workrooms navigate the complexities of entrepreneurship. Michele's commitment to excellence and her unwavering support for her clients have established her as a trusted advisor and thought leader in the design community. Her work not only transforms businesses but also inspires creativity and growth, making her an invaluable asset to the industry. Why you’ve got to check out today’s episode: Learn practical steps to help you understand your numbers and make smart decisions that support your growthDiscover how to create a solid strategic plan tailored to your goalsApply the Profit First method to manage your cash flow, pay yourself, and keep your business financially healthy Check out the show notes >>> Master Your Finances: How Interior Designers Can Take Control of Pricing, Planning, and Profit Links Mentioned: Find the books Atomic Habits and Profit First here NEXT STEPS: Grab your freebies: The Remodel Budget and Timeline GuideFurnishings Investment GuideYour Roadmap to a Career in Interior Design3 Things I Wish I had known when I Started my Career Take a Quiz! Find Your Perfect Interior Design Style if you are curious about your design styleFind Out What Type of Interior Designer You Should Be! Join the My Design Mentor to kickstart a successful career in interior design! Email me at podcast@rwarddesign.com if you have suggested topics DM me on Instagram at @rwarddesign if you have a burning question Leave me a rating and review! Click here. Visit my website at rwarddesign.com to learn more about my services Thanks for listening! I hope this helps you discover if interior design is the career for you. See you next week...
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