Ensuring Profitability in Your Art Business (#96)

You’re most likely listening to this podcast because you are in the art business. It’s more than a hobby to you. It’s your professional line of work. In this episode I want to talk about profitability—what it takes not just to make and sell art, but to also make money and to ensure that you have a positive net income in your art business.

As the CEO of your art business there are things you—and only you—need to be doing to make sure that you are running your business in the most profitable and productive way possible. From running the numbers in your books to delegating the menial tasks that someone else can do so that you can focus on making art, I offer six different ways that you can ensure profitability in your art business.

 

Highlights

 

• Getting serious about making money out of your art business—not your art hobby. (0:01)

• Yes, you really are the CEO of your art business. What exactly does that mean? (1:42)

• Art business CEOs know when and how to ask for help. (3:53)

• CEOs do what they do best and they delegate the rest. (4:43)

• Do you know exactly how you are spending money in your art business? (5:30)

• What you will learn from analyzing your profit and loss statements. (6:37)

• 3 evolving art business trends you need to be aware of. (9:23)

• A look at the upcoming and inspiring episodes on the Art Biz Podcast. (12:02)

 

Mentioned

• IRS Hobby Loss Rules

• 31 People Who Can Help You Sell Your Art

• What Is Your Art Business Costing You? (links to Liz Crane post)

• Ripping Through the Veils of Illusion Around Online Art Marketplaces by Liz Crane

• Art Biz Podcast Episode 18 with Helen Hebert

 

Resources

• Complete transcript, featured artists, and listener comments

• Art Career Success System

• Art Biz Success Community

• Intro and outro music by Wildermiss 

 

First posted: https://artbizsuccess.com/ceo

Let’s do this together: https://artbizsuccess.com/community

Music by https://wildermiss.com