Kathi Lipp is back with husband, Roger Lipp, for the fourth and final episode in this series about Profit First. In this episode, the couple explains the roles of the people they rely on to help them with their finances. Creatives are typically not in a traditional situation where they receive a regular paycheck from the same place every week or month. Often your income might be from several places like speaking engagements or book sales, and it’s important to have people on your team who understand how to manage those different sources. A bookkeeper and a CPA will make sure things are handled that may not be in your wheelhouse including:
- Keeping up with business-related purchases
- Ensuring contractors are paid fairly and on time
- Taxes (all of them)
If you’re ready to take your creative ministry from the hobby level to career, it’s imperative that you take your finances to the career level as well, and this series makes it not only doable, but easy. Be sure to revisit episodes 1, 2, and 3 if you missed one, or if you need a refresher, and comment when you’ve gotten your accounts set up.
Meet Your Hosts
Author, Speaker, Communicator Academy Creator and CEO
Roger is a productivity and quality engineer for a Fortune 50 company.
Roger helps teams reach their full productivity potential by teaching them practical and simple steps to reach their goals. Roger and his wife, author Kathi Lipp, teach communicators how to share their message through social media and email marketing.
He and Kathi coauthored Happy Habits for Every Couple with Harvest House Publishers.
262 Your Author Board of Directors: how to not mess up your first meeting (and a free sample agenda you can download and use !) Part 3
Establish your board of directors – Kathi and Roger Lipp show you how to balance being prepared and just getting it done.
Kathi Lipp and Roger Lipp provide 3 sure-fire ways to set your business up for success by establishing a board of directors.
253 How to Handle Money for Creatives (and those who love them): Episode 3 – How Kathi and Roger Have Set Up Their Business Finances
Kathi Lipp and Roger Lipp explain how their Profit First accounts are set up, and what percentage of their income goes in which account.