Where do I spend it all?

As you’ll see when you look at the MyCake benchmarking data for your own business we show the results as a comparison to the turnover. We’ll do the same here. What ratios does it make sense to look at? • Turnover : Rent/Rates – For those users who pay rent, the percentage of turnover spent Read the full article…

How does your hourly rate compare?

What hourly rate do you use in your costings? Well here’s how MyCake users vary: Great news – there are a bunch of you in this top over £100per hr bracket. Mostly this crowd is selling time in various forms of service – design, management, web and graphic work. Reasonable news – the middle groups of Read the full article…

Welcome to the MyCake Blog

Hi and welcome to the MyCake blog where we prod, provoke and support creative entrepreneurs (both MyCake users and a wider community) into becoming better at managing their business finances. The MyCake blog will provide hints and tips on ways to improve your financial management and pointers on how to make the most of the Read the full article…