Accounting for creative business is not a statement you often hear, or two groups of people you’d normally associate. However, finance is the basis of any business, and the creative arts experience sales, tax, and accounting in the same way any other business does.
Lauren Thiel, Director at The Real Thiel is changing how we see accounting and business for creative minds. Lauren is a performer, an entrepreneur, and most importantly, an accountant who is focused on teaching and helping creative people achieve financial success.
In today’s episode of Be The Drop, Lauren demonstrates her passion as she reflects on her business journey. Lauren shares her top accounting solutions for creatively minded business owners, she also talks us through her branding development and sales funnel considerations.
“It’s a mindshift away from thinking accounting pays bills. You need accounting skills to achieve your business goals and lifestyle dreams.”
Listen now to the full episode:
In this episode on accounting for creative business, you will learn:
- Why being honest in business is the best policy in communications
- What creatives forget about finance and administration
- Accounting tools for businesses of every colour, size, and age
- How to brand and communicate information-heavy content
- Why building trust is critical
- The value of experience and patience for running your own business
- The importance of quick response time for your clients
- Why accounting is important for your business, beyond lodging tax
“I want to be reliable, consistent, and to communicate well, because that’s what the arts industry really needs. “
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