Creative Success = Financial Balance with Flexible Budget Plans As a creative individual, dealing with irregular income can be daunting. In this episode of From "Creative Passion To Profit", titled "How Creatives Can Budget for Regular Income," I, Mahmood, tackle one of the biggest challenges faced by those in the arts and creative world—budgeting. Have you ever felt the high of being fully booked and having commissions flying off the shelves, only to be met with silence and income droughts the following month? You're not alone. But here's the good news: with a little planning, you can smooth out those financial ups and downs. In this episode, I'll share three simple steps to help you build a budgeting system that fits your lifestyle and supports your creative ambitions. You'll learn how to determine your essential baseline expenses, create a financial buffer for quiet months, and implement a flexible yet simple budgeting method that allows you to thrive creatively and financially. You'll also have some homework tasks... Timestamped Summary: [00:00:00] Introduction to challenges of budgeting with erratic income. [00:00:58] Step 1: Determine your baseline expenses. [00:02:12] Step 2: Build a financial buffer for quieter months. [00:03:46] Step 3: Apply a simple, discipline-based budget system. [00:04:58] Homework: Calculate baseline expenses and track income. Mentioned in this episode: Training Training Training Find out more about Budgetwhizz Find out more about Budgetwhizz Budgetwhizz…
Welcome to the Melbourne Business School podcast with Yasmin Rupesinghe, where we answer the biggest questions in business today and explore the latest research into leadership, power, strategy, diversity, marketing and more.
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Using mindfulness to fight burnout while working from home
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22:44Working remotely during COVID-19 has led to record levels of stress and burnout, but embracing the principles of mindfulness could help. In the latest episode of the Melbourne Business School Podcast, Professorial Fellow Amanda Sinclair explains why stress levels increase when people are working from home, and offers practical advice for profession…
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Why you shouldn't be afraid of silence during a negotiation
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25:21People usually assume that silence during a negotiation is an intimidation tactic, but new research shows it can actually lead to more collaborative outcomes.Melbourne Business School Associate Professor of Management Jennifer Overbeck and MIT Sloan Gordon Kaufman Professor of Management Jared Curhan spoke with Yasmin Rupesinghe about their finding…
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Why abusive managers are best spotted by their boss
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18:02Hostility toward employees from a manager is called "abusive supervision", and it can include actively lying to subordinates, ridiculing them, not giving them the credit they deserve and being overly controlling.In her latest research, Deshani Ganegoda, an Associate Professor of Management at Melbourne Business School, looked at the psychological e…
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How leaders can build trust within a culturally-diverse team
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26:41For a culturally-diverse team to perform exceptionally, leadership needs to be shared among its members, says Associate Professor Carol Gill."We're all different in terms of the way we see the world, and culture is one of the lenses in which we see the world differently," she says. Professors Carol Gill from Melbourne Business School, Nicole Gilles…
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How to stop cliques getting too powerful in the workplace
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31:09In large organisations, cliques at all levels are excluding people regardless of their talent, which is highly regarded in such business environments, says Professor Isabel Metz."The problem of cliques arises when those groups become powerful, too cohesive and exclude others," she says."When this occurs, members in these groups tend to over value t…
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How displaying humility as a leader can boost team productivity
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26:33Leaders who display humility can improve their team's confidence and make them feel safe in the workplace, says Melbourne Business School Associate Professor Burak Oc. "Irrespective of whether or not you're a humble person, if you do at least three things in an organisation, people will perceive you as a humble leader," he says. "What are those thr…
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What business leaders should be doing in 2021
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23:47"There are some natural responses to the difficulties of 2020 that perhaps have us thinking about the future as being substantively different to the past, and while that may be true to a degree, there are some things that remain the same," says Vivek Chaudhri. "Looking through the pandemic looking glass, we've perhaps magnified certain aspects of w…
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