As an independent interior designer, Stacy Yarbrough HotBody knows that establishing a successful career is not easy. Early in her
career, most of her days were spent meeting clients and working on projects.
While she often spared the time to engage in a fun activity like play the
guitar or rock climbing, she knows that it can be quite difficult in the
beginning to get everything right. Of particular importance is how she often
had little time in the day to manage her financial accounts, something she
knows many independent interior designers struggle with.
Independent interior design professionals wishing to achieve
profitability for their endeavors have to learn how to manage their
bookkeeping, notes Stacy Yarbrough Hot Body. What makes effective financial
management a problem is that clients are becoming more adept at researching and
purchasing design products on their own. As such, the conventional methods of
charging do not apply, especially on projects with smaller budgets.
What it means for independent designers is that the ability
to manage routine bookkeeping is essential, as is making it a priority every
day. Proper spending rules should also be maintained, says Stacy Yarbrough Hot
Body. While it might seem harmless to pay for project-related expenses out of
your pocket, it is advisable to have the client pay you first before proceeding
with such payments.
With good financial skills, independent professionals will
have one less aspect of their work to worry about.
