We all know, financial management will not be the most glamorous part of running an interior design studio, but it can actually be quite okay once you get the hang of it. Think of it as designing the foundation of your business—the better the foundation, the more freedom you have to create amazing spaces.
Treat Your Finances Like a Design Project: Just as you would with a client project, start by creating a “mood board” for your finances. What are your financial goals? Do you want to save for a big investment, reduce expenses, or simply enjoy more stability? Lay out your ideas and visualize what a healthy financial situation looks like for your business.
Budgeting with Creativity: Budgeting doesn’t have to be a chore. Consider it an opportunity to creatively allocate resources to the areas that bring you the most joy and impact. Maybe it’s investing in high-quality materials that elevate your work, or setting aside funds for continued education to keep your skills sharp. Approach your budget as you would a design—balance is key, but so is ensuring that your financial decisions align with your passions and business values.
Make Finances a Part of Your Routine: Just as you schedule time for design work, carve out regular “finance dates” with your business. Whether it’s weekly or monthly, use this time to review your expenses, track income, and adjust your budget. You can even pair this with something enjoyable—like a good cup of coffee or your favorite playlist—to make it something you look forward to rather than dread.
By approaching financial management with the same creativity and enthusiasm you bring to your design projects, you’ll find that it’s not only manageable but can also be fun and deeply satisfying.
For more tips on ensuring your business is financially healthy, check out Top Pricing Strategies for Interior Designers for Better Profit.