How to set up the financial side of your craft business

Make sure you have the financial foundations in place for a successful craft business

Photo by Ron Lach, Pexels

Setting up your own business can be a daunting process. Here we unpick the essential financial foundations you will need to put in place when setting up as a sole trader. Please download our resource to find out how to get your finances straight from the get go.

Download resources

To support you in setting up and running your craft business successfully, we recommend the Crafts Council's online resources for craft businesses

Recommended reading:

Bookkeeping and Accounting All-in-One For Dummies- Jane E Kelly
Go Fund Yourself- Alice Tapper

Business support organisations:

Enterprise Nation - membership organisation supporting entrepreneurs and small businesses

Federation of Small Businesses offering a range of services for small businesses including financial expertise, advice and support.

Princes Trust - support for 18-30 year olds looking to start a business, with online enterprise resources.

Useful links for tax and business:

ArtQuest Tax tips for artists

ArtQuest 7 steps to business start-up

HMRC The UK’s tax, payments and customs authority

GOV.UK The official UK government website for services and information

How to set up the financial side of your craft business

Download resources

Read more

How to be more environmentally and financially sustainable in your craft business

How to temporarily export your work

How to work with galleries