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On today’s episode, we’re talking all about numbers and financial reporting!

…Okay, so I probably lost the attention of about half of you with that sentence.

Stay with me, today’s subject is critical for you to grasp!

I totally get it: As creative designers, most of us don’t love financial reports, extensive budgeting and expense tracking.

In my first jewelry business, the task I most wanted to avoid from the very beginning was entering anything into my accounting software.

But I learned quickly that understanding my numbers was the key to having a successful and profitable jewelry business.

Hear me out.

In my first business I lost track of my expenses (versus revenues) when the commodities market spiked. I didn’t realize it at the time, but I wasn’t properly keeping track of my cashflow, and it truly was the beginning of the end for that business.

If you don’t know your numbers, then I can almost guarantee you that you don’t have a business, you have an expensive hobby.

That’s why I am so excited to have Mariel Diaz, founder of Accounting For Jewelers, as my guest today.

Let’s jump right in!

Tracy Matthews

My passion for design started as a child. I dreamed of creating wedding gowns and growing up, was always an artist in some respect. When I took my first jewelry fabrication class as a college elective, the seed was planted. My instructor became my mentor.

The rest is history. I started my first jewelry business as a hobby, designing for bridal parties, friends and families.

In my twenties, I quit my day job to follow my dream full time. That big leap resulted in my first legitimate brand, Tracy Matthews Designs, Inc.

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