Why Creative Businesses Bleed Cash (And How to Stop It) with Rayhaan Moughal

How well do you know the numbers in your business?

If you’re like many creative business owners, time spent worrying about your accounts is time spent away from being creative. So you avoid it.

But because of this, your business likely isn’t as profitable as it could be. You’re making money but you’re not sure where it’s going, how much you can safely reinvest, or what’s really holding back your growth.

In this episode, I’m joined by Rayhaan Moughal, Founder of Sidekick Accounting - a specialist firm helping creative and marketing agency owners take control of their finances, create more freedom, and build a business that’s both profitable and sustainable.

If you want more freedom, clarity, and confidence when it comes to money, this episode is essential.

Covered in this episode:

• The most common financial mistakes creative business owners make.
• What profit margin you should be aiming for.
• How to manage financial risk as a business owner.
• Why your first accountant/bookkeeper shouldn’t necessarily be your last.
• What you need to do to start reducing your tax bill this year and stop bleeding cash.
• And much more…

If you get value from this episode, follow Creative Courage on your favourite podcast app for more transformational content to help you thrive as a creative.

PS: If you want a custom roadmap to grow a creative studio that works for you, rather than the other way around. Click this link - https://resources.mattessam.co.uk/.

LEARN MORE 

Sidekick Accounting - www.sidekickaccounting.co.uk

Work with Matt to grow your agency - https://www.mattessam.co.uk/creative-life-accelerator

CONNECT 

Rayhann Moughal on LinkedIn - https://uk.linkedin.com/in/rayhaanmoughal Rayhann on Instagram - https://www.instagram.com/rayhaanmoughal/ Rayhann on YouTube - https://www.youtube.com/channel/UCbkeVd8URp-KT4mkiWO92eA

Matt Essam on LinkedIn - https://www.linkedin.com/in/mattessam/ 

LISTEN 

Spotify - https://open.spotify.com/show/2LSpLIyYtBLe03JBC8LjvT

Apple Podcasts - 

https://podcasts.apple.com/gb/podcast/creative-courage/id1721515799

YouTube - https://www.youtube.com/@Matt_Essam