Artist Survival Kit workshop participants learning business strategies |
Earlier
on the blog I introduced the importance of small business resources for
artists. I promised to summarize some of the helpful resources available in
Oklahoma.
Today, I write to the skeptical artists who do not see
how their artwork can fit with normal business plans or don’t see the value in
aligning with organizations like chambers of commerce. Later, I will offer resources for artists
who already understand their artistic practice as a business (and maybe some
skeptics will be swayed).
Perhaps you are wondering, “why do I need to know about standard business strategies?"
Basically, thousands of business experts have worked for
many years to outline making a business succeed. Many have devoted lots of brain power and
trial and error to define best practices. Many have worked to improve making
businesses profitable.
Why duplicate all
the effort and make the same mistakes when all this work has already been
done for us? Knowledgeable specialists share many of their tips with us for free!
Artist Survival Kit workshop participants Sharon Webster & Romy Owens learning business strategies |
If that doesn’t convince you, certainly you do not want
to break the law. Ignorance is not a
defense if you neglect to follow tax law, insurance requirements and function well
as a legal entity. You can talk to
anyone who has been audited over problems gathering sales tax or sued over a
breach of contract to know that it is worth learning the basics for your
business.
For the bare bones facts, check out the checklist from
the Department of Commerce for startup businesses. They give simple information about business
structure (sole proprietor, S-corp, etc.), licensing and more.
The Department of Commerce also offers tips for expanding your existing business.
With a few steps and strategies, your small artistic business can be at the least legit and possibly on the road to profit.
2 comments:
Thank you for this useful information.
Great Sandra. Glad it is useful to you.
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