Most interior designers hit 30 June without ever looking down. This episode covers the end of financial year financial habits solo interior design studio owners actually need — from reading your P&L without panic, to auditing subscriptions, pre-purchasing annual software, and having a planning meeting that changes the next 12 months. Practical, no-accountant-jargon, built for Australian designers running their studio like a business.
────────────────────────── CHAPTERS ────────────────────────── 0:00 Why interior designers don't know their own numbers 3:45 What is a P&L and why you should be reading it monthly 8:20 How to use your education budget before 30 June 12:10 Should you audit your ad spend at end of financial year? 15:30 Are your studio systems good enough to hand over? 19:00 How to pre-purchase annual subscriptions and save 15–30% 22:40 What studio equipment can you claim this financial year? 26:15 How to set a revenue target and work backwards from it 30:00 Why you should know your numbers before you talk to your accountant 34:20 How to celebrate end of financial year as a small business owner
────────────────────────── RESOURCES MENTIONED ────────────────────────── → Xero cloud accounting (90% off for 6 months): https://referrals.xero.com/2aphqv8q0y59 → Studio Build — 6-week AI implementation intensive: https://www.rhiannonlee.com.au/studio-build → Studio CEO — 12-week business coaching program: https://www.rhiannonlee.com.au/studio-ceo → Studio Learn — free resources for interior designers: https://www.rhiannonlee.com.au/studio-learn → Instagram: @the_rhiannonlee
────────────────────────── ABOUT RHIANNON LEE ────────────────────────── AI strategist for Australian interior designers. Former Oleander & Finch. Creator of the Studio Suite — Studio Learn, Studio Build, and Studio CEO — operational AI implementation for design businesses, not productivity theatre.
Thanks for listening to this episode of "Designing Success: From Study to Studio"! Connect with me on social media for more business tips, and a real look behind the scenes of my own practicing design business.
For more FREE resources, templates, guides and information, visit the Designer Resource Hub on my website ; https://oleanderandfinch.com/
Ready to take your interior design business to the next level? Check out my online course, "The Framework," designed to provide you with everything they don’t teach you in design school and to give you high touch mentorship essential to having a successful new business in the industry. Check it out now and start designing YOUR own success THE FRAMEWORK ( now open) https://www.oleanderandfinch.com/the-framework-for-emerging-designers/
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