How to stay motivated in the art studio

I am juggling painting new pieces for a small show to finish a book, with making one shawl a month for the 2014 year for a future project. I am doing this with a part-time day job and other responsibilities of my home studio business. I am not complaining. I know I am a lucky one to have this problem!

It is not so bad to feel free to use things and events around me that I love, to influence my work. I look out my window and I see birds, plants and every so often a deer or fox in our yard. I live in a small town where walking down the road for a fountain drink also means being waved at by locals in trucks and cars.  Many wave whether they actually know me or not.  The clerk ringing up my purchase will briefly chat about whatever is the current local hot topic, and it would not be unusual to speak with someone that knew my husband since he was a small child.

I come back and settle in with my to-do list and calendar and am thankful for where I am in the world.

 

 

Today was spent boxing up all the work that is ready for a show that will be hung Monday. I also updated inventory lists and made sure marketing materials are up to date.  There are still three paintings I could not pack up as they are still drying in some fashion. But they will be ready to go and walk out the door by Monday.

Below are two items that will be included.

16X20" Oil on canvas

16X20″ Oil on canvas

9X12" oil on canvas

9X12″ oil on canvas

So the big question now, what is next?

  • Well hopefully I will have some sales (or LOTS!) at the exhibit, perhaps line up some more commission pieces?
  • Then to line up more exhibits over the next year. There are some small galleries in the area I have not shone in for years so perhaps at least one will be on the agenda.
  • I now have ties in Wichita so I need to look that direction for possible opportunities. I keep thinking KC also, but Wichita is calling me.
  • I also need to have reproductions made: Something else I have not looked into for years.
  • Finish writing that book, the one that I now have a multitude of notes on from research!

But for now, I need to get this studio back into shape. Every surface in here is covered with books, photos, notes and painting supplies. Then I want to just sit down and knit for a few days, without interruption. To clear my head and further challenge the analytical part of my brain…..while eating chocolate. Who knows maybe I will design a thing or two while I am at it. :0)

Have you considered writing up an official business plan for your art biz? Below is an outline of a basic business plan to get you started.

  1. Cover sheet – Tell the reader the name of business and what is the plan for?
  2. Statement of purpose / Executive Summary – You will write this last as it says what all the reader is looking at in a brief summary
  3. Table of contents

                I. The Business

A. Description of business – Tell reader about your art and the history of your business

B. Marketing – Who will be purchasing your items & how will you let others now of your work? Will you do t-shirts? Have a webpage? Brochures etc… Target customer demographic information

 C. Competition –  Who are they and what do they offer that you can/can not do better then they are currently offering?

D. Operating procedures – How will the work be done? Will you be a sole proprietor? Or other?

E. Personnel – Who will do the work? Job Descriptions

F. Business insurance –  How will all business expenses be covered in an emergency that would be covered by insurance?

II. Financial Data

A. Loan applications – Any that you have applied for, or wish to apply for

                      B. Capital equipment and supply list – Inventory of all materials

C. Balance sheet – How much money do you have available? How much money do you owe? Regularly pay out?

D. Breakeven analysis – How much do you need to sell, what you need to pay out in order to break even?

        E. Income projections (profit & loss statements)

Three-year summary
Financial Goals for 3 years from now
Detail by month, first year
Financial Goal for each month for the next year from now
Detail by quarters, second and third years
Financial goals for each quarter
Assumptions upon which projections were based
Back up your goals and expectations with facts

F. Cash flow – How will you be sure that there will be enough money to cover all expenses? Will you keep your day job?

           III. Supporting Documents

A. Tax returns for last three years – If you are a sole proprietor have your last three years taxes on file. If not a SP, then taxes of all principal personnel responsible for the financial aspects of the business.

B. Copy of proposed lease or purchase agreement for building space – If you have a separate space to create, other then in home, copy of the lease or mortgage for space. If is in the home, copies of rent, mortgage receipts

C. Copy of utility bills

D. Copy of licenses and other legal documents

E. State Business License

F. Property tax information

G. Copy of resumes of all principal parties. If sole proprietors have your own resume on file

H. Copies of letters of intent from suppliers, etc

I. Who will send you supplies?

Art Business ChecklistBusiness Plan Checklist

  • Write up a mission statement so you know where you want to go. it does not have to be formal, be creative!
  • Describe as much as you can about what you will be providing your customers.
  • Keep good records of all aspects of your business.
  • Review the plan regularly and make necessary changes.
  • A three ring binder works well to keep all your papers in one spot, or one for each area of your business.
  • Keep extra copies of important pertinent information in a safe place, like a security box or in a location separate from business in case of fire etc… (business licenses, tax returns and other necessary papers).
  • Keep important days of when payments or projects are due listed on a business calendar to keep you on track.
  • To-Do lists that are prioritized are a good thing to make every day to help keep you on task.
  • Keep an ongoing list of specific information you need to look at closer.
  • Go back through previous notes and schedules from time to time to see if there was anything you could have done differently or negative things you could prevent from happening again.
  • Put everything you can into writing in order to keep you focused and clear minded. Take the necessary steps to make things happen.
  • Evaluate your day to day activities and to-do lists so you are always working toward your goal.
  • Remain positive about what you want to achieve

Business Communications Checklist

  • A separate phone line is nice but it may not be necessary for your particular business
  • Find the best phone plan you can, compare and shop around
  • Leave a professional out-going voice mail message on your phone.
  • A cordless phone/cell can be an asset when working at home, enabling you to not be confined to one area when on the phone.
  • Consider purchasing a fax machine for your business, especially if you find yourself using one outside of the home on a regular basis.
  • Purchase surge protectors for all of your electronic equipment.
  • If you are not already, get online as soon as possible! Consider it a priority. Email alone will make it worth it, not taking into consideration all the other aspects that the internet holds.

Profit Checklist

  • Realize that the only thing you can count on with the art business is that you never know what will happen next.
  • Educate yourself about all areas concerning your business
  • Use new technology for the good of your business
  • Bring in new products on a regular basis
  • Look at how you price items and make necessary adjustments
  • Always be on the lookout for new markets for the products and services of your business
  • Be aware of time management, make necessary adjustments
  • Set up a work schedule for yourself that YOU are comfortable with.
  • Take regular breaks
  • Work smarter, not necessarily harder
Facebook Auto Publish Powered By : XYZScripts.com