Running any business – be it in illustration or anything else – requires a lot of attention to detail – and to the financial detail in particular.

The hardest part of managing finances is when there are not enough finances – this might be when you are starting out or when you encounter a challenge.

This resource is aimed at those challenging times. Importantly, we recognise that these points will be challenging –  and in some instances impossible – to implement. Nevertheless, they are essential basic building blocks of a successful freelance practise.

1. Create your budget for the year.

2. Maintain your working capital level.

3. If you need to, supplement your income

4. Bank loans/ overdraft

5. Selling and negotiating