Do you struggle to make ends meet during certain times of the year? Does the seasonal nature of our industry make cash flow a headache? Perhaps more important, are you paying yourself last, if at all? If you answered yes to any of these questions, chances are you’re not working with a budget. Whether you are in your first year of business or your 15th, developing a budget should be an annual priority. Here’s how to make it painless.
When it comes to recital time, do you dream about putting on that perfect fantasy production? Well, think again—it might actually be the right time to consider cutting back. “Cut back!” you say. “Forget it! Last year’s recital was really good and I am going to have to do something to top it.” But cutting back on recital expenses might be the best business move you could ever make.