Let's chat about the #1 reason creative business owners undercharge and learn a simple, proven pricing formula to boost your profitability. Perfect for photographers, copywriters, designers, and freelancers looking to optimize their pricing strategy.

Chapters:
00:00:20 - Root cause of undercharging in creative industries
00:01:00 - Pricing formula for service-based businesses
02:40 - Calculating your target revenue and client capacity
05:40 - Factoring in expenses and taxes
08:20 - Strategies for gradually raising your prices
10:40 - Accounting for "odd jobs" in your pricing structure

We're covering:

• Understanding the importance of confidence in pricing
• Reverse-engineering your rates based on income goals
• Considering taxes, operating costs, and owner's pay
• Incrementally increasing prices to build confidence
• Adapting pricing for various service packages and custom projects

Ready to finally be confident in pricing your creative, 1-1 services? Get my custom pricing calculator: https://www.emilykim.co/photo-pricing-calculator

Even though it says Photography Pricing Calculator, this spreadsheet + guide works for anyone who offers a 1-1 service. Enjoy!

Thanks for listening!

Connect on Instagram: https://www.instagram.com/emilykim.co

Join the free, private Facebook Group: https://www.facebook.com/groups/theprofitablecreatives

Website: https://emilykim.co/
Photo & video services: https://emilykimphotography.com/

Get ready for a no-BS breakdown of the most important legal and tax tips for creative entrepreneurs with Braden Drake, a California licensed attorney and tax professional. In this episode, Braden and I (Emily Kim) discuss these top 5 legal + tax tips to get your creative business legally legit:

1. Keeping Taxes Simple – With basic bookkeeping and quarterly tax payments, Braden outlines how to avoid common tax pitfalls and streamline your finances.
2. Legal Layers of Protection – Braden introduces his “legal hierarchy of needs,” which is tbh, the best explanation of all things legal for a creative business owner like me who actively cringes anytime I hear anything law related.
3. Sole Proprietorship vs. LLC – Learn why forming an LLC can be a game-changer for protecting your personal assets from business liability.
4. What is an S-Corp actually, and when you should consider it – finally, understand what the heck an S-Corp actually is.
5. Does your tax + legal expert need to be local? – Understand when you might need a local expert versus when you can work with someone remotely.

FIND BRADEN ONLINE:

The Contract Club (affiliate link): https://www.bradendrake.com/a/2147575083/WeWgweFf

All the templates you need. All in one place. Just pay the low + affordable one-time fee, and you’re in for life.

Braden's law firm, Not Average Law: https://notavglaw.com/

Get Braden's book, Unf*ck Your Biz: https://notavglaw.com/book

Listen to the Unf*ck Your Biz Podcast:https://notavglaw.com/podcast

00:35 Who is Braden and why should you listen to him?
02:40 Tip #1: Keeping Taxes Simpler
10:44 Tip #2: Legal Layers of Protection
11:22 Tip #3: Choosing Between Sole Proprietorship and LLC
16:20 Tip #4: What is an S-Corp actually, and when you should consider it
26:56 Tip #5: Does your tax + legal expert need to be local?
36:46 How to Work with Braden and Final Takeaways

Thanks for listening!

Connect on Instagram: https://www.instagram.com/emilykim.co

Join the free, private Facebook Group: https://www.facebook.com/groups/theprofitablecreatives

Website: https://emilykim.co/
Photo & video services: https://emilykimphotography.com/

In this episode, I'm diving into this frequently asked question: how long does it actually take to build a successful creative business? I'm breaking down the misconceptions around overnight success and sharing my personal journey to profitability.

Here's what we're covering:

• What "success" really means in business - and why it's different for everyone
• The average timeline for small businesses to become profitable
• My own path to building a quarter-million dollar photography business
• Why comparing your journey to others can be harmful
• The importance of balancing financial success with personal wellbeing

Timestamps

00:00 Defining success in your creative business
04:08 The reality of building a profitable business
09:55 My personal journey
11:44 The dangers of comparison and "infocrastination"
15:14 Balancing profit with personal wellbeing

Whether you're just starting out or feeling stuck in your current business, this episode will give you a realistic perspective on what it takes to build a thriving creative business. I share my own ups and downs, pivots, and lessons learned to help you set realistic expectations and stay motivated on your entrepreneurial journey.

Thanks for listening!

Connect on Instagram: https://www.instagram.com/emilykim.co

Join the free, private Facebook Group: https://www.facebook.com/groups/theprofitablecreatives

Website: https://emilykim.co/
Photo & video services: https://emilykimphotography.com/