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Finance in a studio de-mystified
Design studios don't go bust because they can't deliver good design. They go bust because they don't manage their finances well enough to stay viable. Clients are more financially savvy than ever — designers need to be too.
This isn't about becoming an accountant. It's about understanding your numbers well enough to make good decisions, and to brief your accountant properly instead of just handing over a shoebox of receipts.
Finance in a studio de-mystified
Design studios don't go bust because they can't deliver good design. They go bust because they don't manage their finances well enough to stay viable. Clients are more financially savvy than ever — designers need to be too.
This isn't about becoming an accountant. It's about understanding your numbers well enough to make good decisions, and to brief your accountant properly instead of just handing over a shoebox of receipts.