WORKSHOP for CREATIVES:
Doing What You love + Your Bottom Line
Responsible financial management for the beginning and expanding business
Thursday, June 19, 1-3 pm
@ Engine 265 Main St, Biddeford, ME 04005
Cost: Maine Crafts Association + Engine Members: $10, Non-members: $15
Registration required. This workshop will only be held if the registration quota is met.
Email/call Sadie Bliss @ Maine Craft Association: email@example.com / 207-564-0041
Learn financial management with peers in the same predicament: You are running a business you love but without a financial tool box: This two-hour workshop presented by Maine Crafts Association and Engine will focus on smart financial management of small businesses (our focus is on art / craft / design related business but anyone self-employed or running a small business is welcome). The workshop will be interactive and cater to the particular needs of the group. Bring your questions!
– Are you really making a profit? Is it enough? What can you do if not?
– Record keeping
– Generating and understanding financial statements – in a non-threatening way!
– Employees – “Independent contractors”, legal requirements, costs, payroll services
– Growth consumes cash- and how to cope
– Cash Flow: the difference between Cash Flow and Income
– Insurance (Building, Product Liability, Liability and Heath)
The workshop will be lead by longtime Maine Crafts Association member, Patti Dowse. In 1971 Patti began Erda, a handbag company that started as a one-woman operation in her kitchen and ultimately to grew to 1200 active accounts, from small mom and pop shops to national parks, art museums, and craft galleries throughout the United States, and internationally. She sold Erda in the fall of 2013, subsequently receiving the Niche Design Award in Fine Craft, and the Silver Collar Award for being an exemplary workplace for workers over 50. Additionally, Patti served as the Director of the Maine Designer Association, a non-profit that took the work of Maine craft businesses to national trade shows and has written for the Crafts Report since the 1970’s.
“After 43 years making and selling arty handbags, having made ALL the mistakes (in many cases more than once), I am uniquely positioned to guide other people out of financial denial. Most creative people avoid looking at numbers, the way some people avoid doctors: afraid that they may find bad news, or embarrassed to admit that they don’t understand the information presented. I can show them how to generate and interpret their numbers, and even use them to inform their design decisions.”
“You don’t get to continue doing what you love, if you don’t mind your bottom line!”