Financial Management for Craft Businesses

Running a craft business means balancing creativity with commerce. Many talented artisans struggle to turn their passion into a sustainable income stream due to common financial hurdles. This course provides a foundational understanding of administrative and financial principles tailored specifically for the artisan economy. You will gain the skills necessary to take control of your business finances, move beyond guesswork, and confidently plan for growth. What you'll learn: * Understand essential financial terminology, including profit margins, overheads, and cost of goods sold (COGS). * Practice calculating labor, material, and administrative costs to accurately determine the true cost of production. * Apply effective pricing strategies that maximize profit while remaining competitive in the market. * Configure simple digital record-keeping methods for tracking sales, expenses, and inventory efficiently. * Master cash flow management techniques to maintain liquidity and reinvest in your business operations. The course begins with foundational concepts in business administration and accounting basics before moving into practical exercises on cost analysis, pricing models, and budgeting. We focus on developing robust financial discipline. This course is designed for absolute beginners: artisans, makers, and craftspeople who are launching or currently running a small business and need a clear, practical guide to financial management. No prior business or accounting knowledge is required. Start building a financially resilient business today.