How Can Creators Become Better Business Men

Cristian Valbuena

21 Oct 2024 — 1 min read

Being a creative visionary is powerful, but to thrive in today’s landscape, creators need more than talent—they need business acumen. Here are a few steps to help creators become better businesspeople:

1. Learn the Basics of Finance & Accounting

Creators often shy away from numbers, but understanding cash flow, budgeting, and taxes is essential. A simple knowledge of financial statements helps creators track progress and spot opportunities early.

2. Embrace Contracts & Legal Basics

Knowing how to read, negotiate, and protect your work through contracts ensures you won’t get shortchanged. Don’t leave the fine print to chance—understand it, and work with legal professionals when needed.

3. Develop Marketing Skills

No matter how good the product, it needs to reach the right audience. Learning about branding, content marketing, and social media strategies can maximize your reach without huge budgets.

4. Create Multiple Revenue Streams

Relying on one income source is risky. Consider licensing your work, offering courses, or building subscription models. Diversified income stabilizes cash flow.

5. Adopt a Growth Mindset

Treat your creativity like a business, and allow room for growth. Learn from failures, seek feedback, and continue to evolve both artistically and professionally.

Success happens at the intersection of creativity and business. By combining passion with practical strategies, creators can not only make a living but build a sustainable business around their art.

Strategies for Managing Cash Flow in a Fast-Growing Startup

As your startup grows, so does its cash flow needs. Therefore, it is not enough to simply have money coming in; you need to manage that cash flow effectively to ensure you have enough cash on hand to cover expenses, invest in growth opportunities, or whether any expected or unexpected

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Proposal template

Revenue Build · Create a new Revenue build · Project revenue on a per client basis · Include preferred metrics in the projections (e.g. Billings, MRR, etc) · Include prepaid and monthly options · Create Summary of Revenue Accounts · Break out revenue between Compliance and Advisory (Possibly create two builds) · Properly calculate other Revenue