Suggest You
#1 in Business Subscribe Email Print

You are here: Home > Business > Small Business > Organizing Your Art Business

Tags

  • calendar
  • state
  • persuasive
  • small companies
  • above items
  • think there

  • Links

  • Search Peoples - The New Slang Of A Digital World
  • Research for Better Web Copywriting
  • Adware Funtions
  • Suggest You - Organizing Your Art Business

    How to Increase Credibility
    Credibility is in the eye of the beholder and it is a quality that is constantly changing. In fact, your credibility can shift from high to low in the same presentation with the same audience. Credibility can also alter with respect to time, presentation or somebody else's opinion. Three stages of credibility present themselves during any persuasive encounter: Initial (Pre) - This stage of persuasion happens before you even open your mouth. How you are introduced, your reputation, the books you have written, your degrees, etc.-all of these things create initial credibility. During - This stage of the persuasive process includes everything you say during your speech. This type of credibility is similar to a thermometer-it will rise and fall throughout your presentation. End (Post) - This stage of persuasion is your credibility at the end of your speech. Did you win your audience over or not? Are they even more convinced than they were before you began? To boost your credibility, find out who your audience knows and respects. See if you can get that person's endorsement, either in person or in writing. Master Persuaders know that it's OK to borrow the credibility of others. When you gain this type of support, your audience will consider you to be even more credible. If you are a known expert in your field, be sure to communicate that you have studied it, researched it and met with its other experts. Also, be prepared to drop the names of people your audience will recognize. Another way to boost your credibility is to present yourself in a calm, organized and authoritative manner. Being overly emotional or flustered throws your credibility out the window. Consider the most highly successful attorneys or CEOs. No matter how rushed or pressured they are
    did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Acc

    Get A Registered Office Online
    In order to run a business, an organization, or a legal entity; you have to have an office in a place that is duly authorized. For many people it becomes difficult to manage such an office, particularly for those who run a business from their own house. For these people having a registered office is a must. To put in a different way, companies must be registered under the local Companies Register in most of the countries. At the same time they must declare the location of their business. This location as published in the register is considered as Registered Office.This office works as the official address of the company as it is registered at the registering authority. As a rule, this office is meant for the public record. In the United Kingdom all statutory post of a company is sent to its respective registered office address. The good thing is that the registered office does not have to be in the place from where the organization conducts its business. In this way, it is not abnormal for accountants or agents to provide services for this type of offices.Since it is not possible to run an organization without a registered company and it is also not easy to get one in a right place, a particular service provider group has emerged. This group manages registered office for others and takes charges on that. They have online presence and accessible to businessmen all over the world. Those who want to run their business in UK without buying any office space they can take service from this group.Running a registered office in UK involves some legal obligations. The name of the company should be displayed outside the office. The address of the office also should be written on the products of the company. Any change in the office address must be informed to the respective authority. These are the main legal issues relate to registered office in UK.
    We are artists; therefore by definition we are unorganized. We are right brain thinkers, we are creative. How do we impose order to chaos? Hopefully, this information will help you tame that wild beast and make some sense of the various business terms that confuse and intimidate you!

    1. WHAT STRUCTURE SHOULD I USE? The first question to ask in setting up your art business is how you should set it up – i.e., what structure it should have. This may seem like a silly question, but it is a very important one, as it determines how you report your income and expenses. And report them you must! There are several types of organization to choose from, and the determining factor is risk. How much risk are you willing to take? Are you willing to pay more for less risk? I will demonstrate what this means:

    a. SOLE PROPRIETORSHIP The most risky organization is the sole proprietorship. This is because if someone sues you as a sole proprietorship, they can, theoretically, take your home, your car, and all your worldly possessions in a lawsuit. There is no separation between the business and you, so any lawsuit can take everything. However, most art businesses have little lawsuit risk attached to them. I am unlikely to get sued for damages unless I steal someone else’s art. (Don’t do that!) If I was installing stairs, on the other hand, I would definitely want to limit my risk. The term for this characteristic is ‘unlimited liability.’

    Now, there are advantages to being a sole proprietorship. There is little to no cost in setting it up, no legal forms to fill out, and no paperwork to file with the state. When you report your income and expenses, it goes on the Schedule C of your own personal tax return (1040), and isn’t taxed separately.

    There are also disadvantages, such as the aforementioned unlimited liability. There is also the fact that the company has a limited life – when you pass away, so does the business. (Ask Disney if this is important!). It is also more difficult to get financing from banks and therefore difficult to expand.

    b. CORPORATION If you are willing to pay a little more money on a regular basis, you can get the advantage of limited liability with a corporate setup. A corporation is a separate entity from you as a person; therefore if it is sued, only those assets owned by the company can be taken, not your personal home and possessions. This is the main advantage of having a separate corporation. It is also easier to expand, as banks are usually more willing to offer financing for this. It can have a life beyond the life of the founder, as many corporations have (i.e., Sears, Disney).

    Now to the disadvantages; The main one is the cost and complication of setting up and upkeep. There are fees to setting up the corporation with the state (none for the federal government), and annual fees to keep the license in good standing every year. In my home state of Florida, it is about $75 to set up the corporation, and $150 a year to keep it going. There is also additional paperwork, as you need to file a separate tax form every year (1120 or 1120S) with the federal government. You may also need to file one for your state. And, you may have to pay taxes at a corporate rate, which is usually higher than your personal rate.

    I would like to go into the differences between a C corporation and an S corporation. C is the corporations we are most familiar with – corporate monsters like Microsoft, IBM, Disney, Sears, etc. These get taxed at a corporate rate, which is currently 15% up to $50,000 in profit, and goes up from there. An S Corporation (S stands for Small) has to have less than 100 stockholders (among other requirements) but does NOT get taxed at the corporate level. Let me repeat that – no tax is paid on the corporation itself. Instead, the income gets reported on each shareholder’s tax return, and is paid at their personal rate. This is usually the better deal for small companies, as personal returns are not taxed at all for the first $7000 in income.

    c. LLCs and LLPs Many people ask me about Limited Liability Corporations and Limited Liability Partnerships. These are both fairly new entities, and as such, don’t have (as of yet) their own share of rules and laws by the IRS. I personally don’t recommend them, as they have little advantage over the S corporation, and are usually more expensive to set up. A savvy person can set up an S corporation fairly easily. A lawyer is required for LLCs and LLPs, and they like charging a good deal of money to do so – which is why they recommend them so much. They don’t even have their own tax forms yet, they use the Corporate forms (1120 and 1120S). Until they’ve ‘settled’ in as accepted entities, I cannot recommend them as corporate structures. Unless, of course, you would like to line some lawyer’s pockets with money. If you are that interested in gifting money, my paypal account is always open 

    d. RECOMMENDATIONS In my personal opinion, most artist would do best as a sole proprietorship, unless there is a significant possibility of liability (i.e., you do 3D installations that someone could trip and fall on). In that case, I would recommend S corporations as the best alternative. Since sole proprietorship is usually the most beneficial to artists, I will continue the essay under the assumption that this is the structure chosen.

    2. OK, now, what records do I need to keep? There are several users of your business information, and you need to keep records that will give each of them accurate and timely information. Some of the users are:
    a. Yourself – you need to know how the business is doing on a regular basis in order to make business decisions. You need to know your net income or loss, your venues, your past history of sales, and most importantly, your bank balance!
    b. Your state taxing agency – Usually for sales tax, but also possibly for income tax, your state needs to know how much you made in total sales, taxable sales, non-taxable sales, sales tax collected, and net income.
    c. IRS – Yes, the dreaded Infernal Revenue Service. The beast never sleeps, and wants to know your net income every year (even if it’s a net loss!)

    What is the simplest way to keep track of all this information? Well, I don’t think there is a way to keep ALL of the information you need in one place, since some is financial and some is qualitative (such as what pieces you sold at last year’s local art show). However, all the financial information can be kept together, and all the qualitative information can be kept together.

    My best recommendation for a small business is to pick of a copy of QuickBooks and LEARN to use it. It is very user-friendly, and the tutorial helps walk you through the needed steps for writing checks, making deposits, etc. If you keep up with this information every month, it doesn’t seem like such a huge task at April 15th when it’s time to file your taxes. Procrastination is the death knell of business owners, trust me!

    For those that hate or don’t want to purchase QuickBooks, the information can be arranged on a spreadsheet, either paper or electronic, but it takes more work to set up and you need to know what you are doing!

    I, personally, put all my income and expenses into QuickBooks every month. At the end of the month, QB will let me print out a Profit & Loss statement, showing me how I did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Acce

    Insider's Tip That Can Direct Targeted Traffic To Your Auctions
    More than 90% of people on will find your auction through normal search on ebay. Which means they are just going to type what they are looking for and the auctions are listed in front of them. But on what factors does the position of your auction is determined when a user searches for it?For example: Lets say I'm selling a beer and wine making kit and my title is:* Fastest home beer and wine making kitNow any time a person uses any combinations of those words in my auction title, it will show up, not necessarily in the exact order.Let me give you an example: So if someone types in: Fastest Home Beer, my auction will show uporeven if they typed in Fast Beer Home STILL my auction will show up.Test this out yourself, you will be astonished. Now, instead of using: Wine making kit better than beer machine and mr beer (This would violate ebay's policy - since I am not selling Mr.Beer or Beer Machine, but my own beer and wine kit)I can use this type of word placement to my advantage -I can use an auction tile that reads:* Best Wine Kit Mr Fast Machine Beer Maker (This is 100% legit on ebay and you got all your keywords in there! Pretty neat eh!)Now when people search for Fast Beer Maker, they will find my auctionandwhen they search for Mr Beer, they will find my auction too.What a great auction title tip!They points I wanted to make with this article are:As long as the words are in the title, when a user searches, it will be picked up, regardless of the arrangement of the words. So someone searching for beer machine will fine the top heading and the bottom one that I just showed. Try it out and test it yourself!Take advantage of your competition or the established brands that are selling what you are. I never would have learned this until I tried a service called sellathon.com. All you do is put their counter on your auction a
    s also the fact that the company has a limited life – when you pass away, so does the business. (Ask Disney if this is important!). It is also more difficult to get financing from banks and therefore difficult to expand.

    b. CORPORATION If you are willing to pay a little more money on a regular basis, you can get the advantage of limited liability with a corporate setup. A corporation is a separate entity from you as a person; therefore if it is sued, only those assets owned by the company can be taken, not your personal home and possessions. This is the main advantage of having a separate corporation. It is also easier to expand, as banks are usually more willing to offer financing for this. It can have a life beyond the life of the founder, as many corporations have (i.e., Sears, Disney).

    Now to the disadvantages; The main one is the cost and complication of setting up and upkeep. There are fees to setting up the corporation with the state (none for the federal government), and annual fees to keep the license in good standing every year. In my home state of Florida, it is about $75 to set up the corporation, and $150 a year to keep it going. There is also additional paperwork, as you need to file a separate tax form every year (1120 or 1120S) with the federal government. You may also need to file one for your state. And, you may have to pay taxes at a corporate rate, which is usually higher than your personal rate.

    I would like to go into the differences between a C corporation and an S corporation. C is the corporations we are most familiar with – corporate monsters like Microsoft, IBM, Disney, Sears, etc. These get taxed at a corporate rate, which is currently 15% up to $50,000 in profit, and goes up from there. An S Corporation (S stands for Small) has to have less than 100 stockholders (among other requirements) but does NOT get taxed at the corporate level. Let me repeat that – no tax is paid on the corporation itself. Instead, the income gets reported on each shareholder’s tax return, and is paid at their personal rate. This is usually the better deal for small companies, as personal returns are not taxed at all for the first $7000 in income.

    c. LLCs and LLPs Many people ask me about Limited Liability Corporations and Limited Liability Partnerships. These are both fairly new entities, and as such, don’t have (as of yet) their own share of rules and laws by the IRS. I personally don’t recommend them, as they have little advantage over the S corporation, and are usually more expensive to set up. A savvy person can set up an S corporation fairly easily. A lawyer is required for LLCs and LLPs, and they like charging a good deal of money to do so – which is why they recommend them so much. They don’t even have their own tax forms yet, they use the Corporate forms (1120 and 1120S). Until they’ve ‘settled’ in as accepted entities, I cannot recommend them as corporate structures. Unless, of course, you would like to line some lawyer’s pockets with money. If you are that interested in gifting money, my paypal account is always open 

    d. RECOMMENDATIONS In my personal opinion, most artist would do best as a sole proprietorship, unless there is a significant possibility of liability (i.e., you do 3D installations that someone could trip and fall on). In that case, I would recommend S corporations as the best alternative. Since sole proprietorship is usually the most beneficial to artists, I will continue the essay under the assumption that this is the structure chosen.

    2. OK, now, what records do I need to keep? There are several users of your business information, and you need to keep records that will give each of them accurate and timely information. Some of the users are:
    a. Yourself – you need to know how the business is doing on a regular basis in order to make business decisions. You need to know your net income or loss, your venues, your past history of sales, and most importantly, your bank balance!
    b. Your state taxing agency – Usually for sales tax, but also possibly for income tax, your state needs to know how much you made in total sales, taxable sales, non-taxable sales, sales tax collected, and net income.
    c. IRS – Yes, the dreaded Infernal Revenue Service. The beast never sleeps, and wants to know your net income every year (even if it’s a net loss!)

    What is the simplest way to keep track of all this information? Well, I don’t think there is a way to keep ALL of the information you need in one place, since some is financial and some is qualitative (such as what pieces you sold at last year’s local art show). However, all the financial information can be kept together, and all the qualitative information can be kept together.

    My best recommendation for a small business is to pick of a copy of QuickBooks and LEARN to use it. It is very user-friendly, and the tutorial helps walk you through the needed steps for writing checks, making deposits, etc. If you keep up with this information every month, it doesn’t seem like such a huge task at April 15th when it’s time to file your taxes. Procrastination is the death knell of business owners, trust me!

    For those that hate or don’t want to purchase QuickBooks, the information can be arranged on a spreadsheet, either paper or electronic, but it takes more work to set up and you need to know what you are doing!

    I, personally, put all my income and expenses into QuickBooks every month. At the end of the month, QB will let me print out a Profit & Loss statement, showing me how I did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Acc

    Don't Try to Do It All
    If you are a solo entrepreneur or a small business entity, one thing you will quickly realize is that you cannot do it all. Initially you may have been able to wear multiple hats, but as your business becomes more successful it quickly becomes impossible to do everything well.You may start to question why you decided to start your own business in the first place. Surely it wasn't to do the mundane, yet essential, things like packing boxes and running to the post office. These type of tasks take time away from things like marketing and planning. If you're not careful, you will find yourself caught up in the clerical functions that eat time and leave you too mentally exhausted to visualize where you want to take your dream.Don't get caught in that trap. You will find yourself missing out on opportunities to network while you try to keep up with product fulfillment, web page modifications, and other day-to-day tasks. After all, the way your business runs depends on the way your mind works. If you're busy doing clerical tasks, you're not seeing the big picture.The solution is product fulfillment. Order fulfillment companies specialize in removing that burden from your shoulders. In fact, they will do a better job because they are specialists. Are you struggling with any of the following: Assembly, Bagging, CD/DVD Duplication, Collating, Contract Packaging, Contract Manufacturing, Cross Docking,
    t does NOT get taxed at the corporate level. Let me repeat that – no tax is paid on the corporation itself. Instead, the income gets reported on each shareholder’s tax return, and is paid at their personal rate. This is usually the better deal for small companies, as personal returns are not taxed at all for the first $7000 in income.

    c. LLCs and LLPs Many people ask me about Limited Liability Corporations and Limited Liability Partnerships. These are both fairly new entities, and as such, don’t have (as of yet) their own share of rules and laws by the IRS. I personally don’t recommend them, as they have little advantage over the S corporation, and are usually more expensive to set up. A savvy person can set up an S corporation fairly easily. A lawyer is required for LLCs and LLPs, and they like charging a good deal of money to do so – which is why they recommend them so much. They don’t even have their own tax forms yet, they use the Corporate forms (1120 and 1120S). Until they’ve ‘settled’ in as accepted entities, I cannot recommend them as corporate structures. Unless, of course, you would like to line some lawyer’s pockets with money. If you are that interested in gifting money, my paypal account is always open 

    d. RECOMMENDATIONS In my personal opinion, most artist would do best as a sole proprietorship, unless there is a significant possibility of liability (i.e., you do 3D installations that someone could trip and fall on). In that case, I would recommend S corporations as the best alternative. Since sole proprietorship is usually the most beneficial to artists, I will continue the essay under the assumption that this is the structure chosen.

    2. OK, now, what records do I need to keep? There are several users of your business information, and you need to keep records that will give each of them accurate and timely information. Some of the users are:
    a. Yourself – you need to know how the business is doing on a regular basis in order to make business decisions. You need to know your net income or loss, your venues, your past history of sales, and most importantly, your bank balance!
    b. Your state taxing agency – Usually for sales tax, but also possibly for income tax, your state needs to know how much you made in total sales, taxable sales, non-taxable sales, sales tax collected, and net income.
    c. IRS – Yes, the dreaded Infernal Revenue Service. The beast never sleeps, and wants to know your net income every year (even if it’s a net loss!)

    What is the simplest way to keep track of all this information? Well, I don’t think there is a way to keep ALL of the information you need in one place, since some is financial and some is qualitative (such as what pieces you sold at last year’s local art show). However, all the financial information can be kept together, and all the qualitative information can be kept together.

    My best recommendation for a small business is to pick of a copy of QuickBooks and LEARN to use it. It is very user-friendly, and the tutorial helps walk you through the needed steps for writing checks, making deposits, etc. If you keep up with this information every month, it doesn’t seem like such a huge task at April 15th when it’s time to file your taxes. Procrastination is the death knell of business owners, trust me!

    For those that hate or don’t want to purchase QuickBooks, the information can be arranged on a spreadsheet, either paper or electronic, but it takes more work to set up and you need to know what you are doing!

    I, personally, put all my income and expenses into QuickBooks every month. At the end of the month, QB will let me print out a Profit & Loss statement, showing me how I did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Acc

    Role Of Metrics In Decision Making And Management
    Information is power. In most cases, information is made up of building blocks of numbers. These numbers, when arranged in a meaningful way, tell a story and that is the information that is useful to businesses as well as individuals. The numbers and the ratios that are used to construct meaningful information is commonly referred to as Metrics. This note is a brief introduction to the role numbers and metrics have come to play in every day life. Metrics for a web-based businessBeing involved with a web-based business myself, I can vouch for the importance of web-statistics for a web based business. However, the whole process of collecting and processing information regarding the traffic to a web-site has been made fairly simple by tools like those offered by Google Analytics. Having used it, I am now a big fan and would recommend web-based businesses to seriously consider using this tool.A few basic information that I find greatly useful in Google Analytics and check everyday is the overall views that the site attracts on a daily basis, the source of this traffic and the key words that drive this traffic to the site. There are of course other great reports as well that I check once in a while, like where the exits are happening from, the kind of browsers that are used to access the site etc. Each business is unique and they will have to determine those statistics that are most important for them and track them everyday. Google Analytics is a good place to start this tracking process for free. Metrics for a traditional businessA traditional business usually relies on its Accountants for its information. The metrics that are usually considered important are of course the sales numbers and the money that is collected. But things have moved far beyond these basic numbers and there are many companies that now offer specialized services to build a story from all the numbers that a
    nd timely information. Some of the users are:
    a. Yourself – you need to know how the business is doing on a regular basis in order to make business decisions. You need to know your net income or loss, your venues, your past history of sales, and most importantly, your bank balance!
    b. Your state taxing agency – Usually for sales tax, but also possibly for income tax, your state needs to know how much you made in total sales, taxable sales, non-taxable sales, sales tax collected, and net income.
    c. IRS – Yes, the dreaded Infernal Revenue Service. The beast never sleeps, and wants to know your net income every year (even if it’s a net loss!)

    What is the simplest way to keep track of all this information? Well, I don’t think there is a way to keep ALL of the information you need in one place, since some is financial and some is qualitative (such as what pieces you sold at last year’s local art show). However, all the financial information can be kept together, and all the qualitative information can be kept together.

    My best recommendation for a small business is to pick of a copy of QuickBooks and LEARN to use it. It is very user-friendly, and the tutorial helps walk you through the needed steps for writing checks, making deposits, etc. If you keep up with this information every month, it doesn’t seem like such a huge task at April 15th when it’s time to file your taxes. Procrastination is the death knell of business owners, trust me!

    For those that hate or don’t want to purchase QuickBooks, the information can be arranged on a spreadsheet, either paper or electronic, but it takes more work to set up and you need to know what you are doing!

    I, personally, put all my income and expenses into QuickBooks every month. At the end of the month, QB will let me print out a Profit & Loss statement, showing me how I did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Acc

    Fund Raising Jobs Can Be Very Rewarding
    Do you enjoy working with people? Would you consider yourself to be an outgoing person with a friendly personality? Are you well organized and able to stick to detail? If you answered yes to these questions then you may find that there are some great fund raising jobs out there for you to consider. This article will outline some of the basic skills you must have if you are thinking of seeking one of the many fund raising jobs available today.When you think of fund raising you often think of volunteers. However; fund raising jobs are big business. Millions of dollars are raised every year through fundraising professionals. This is no longer the garage sale, lemonade stand mentality.You Must Learn OrganizationOne of the biggest assets of any fund raising project is the ability to get everything organized. You will need to create a fundraising plan for everyone to follow. If you are thinking about fund raising jobs in the larger scale you will need to learn negotiation skills.Strike It BigIf you want to move into the types of fund raising jobs that really pay the big bucks -- you will want to brush up on your negotiation skills. Much of your efforts will be spent on the phone, writing proposals, and meeting with corporate officers. You will need to sell your cause for whatever organization you are attempting to raise funds for.When dealing with large and small corporations they will need to see details on every aspect of your organization. They will often have strict guidelines for you to follow. This may seem rather daunting, but it actually makes most fund raising jobs easier. You will know exactly what you are up against and once you have completed a few successful transactions you are on your way to a successful career.If you think that pursuing some fund raising jobs sounds like a possibility for you to
    did that month, that quarter, or that year so far. This is good information for those that are looking to increase their profitability and need to know where their biggest expenses are. Trust me, they can pile up! For the qualitative items, I have a spreadsheet where I track the following information:
    1. How many prints of each image I’ve printed, and who printed them (thus telling me that my next batch should start at print #41)
    2. The total number of each print sold for this year and since inception (thus telling me my best and worst sellers)
    3. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I know of that have an art show, including prices and space sizes (so I know where to send to)
    4. A detailed (sorted by date) list of all the Scifi/Fantasy Conventions I have sent art to in the past, with the items sold listed, with prices (so I know what to send next year)
    5. A detailed list of each sold item, where I sold it, how much the base price was, how much sales tax was charged (if any), commissions deducted, etc. This helps me fill out my Sales Tax form at the end of the quarter, as well as my Print Sales detail and my net income at the end of the year. It also helps me track remote sales by geographic area.
    6. Items on consignment at different stores throughout my city, with retail price and my portion of it.
    7. Mailing List of folks I’ve met at art shows who want to know when I update my website with new works.
    8. A list of local art shows that I’ve done in the past, the net income/loss from them (so I can decide if they’re worth it the next year)
    9. A list of local art shows to apply to for this year.
    10. A log of what business mileage I’ve driven during the year.

    Many of the above items can be compiled into a database, if you are familiar with something like Access. I am more familiar with Excel, so have them all on different pages of a large spreadsheet that I update constantly. I also have a calendar that lists not only the days of conventions and art shows, but when the application deadlines for those conventions and art shows are, as some of them are far in the future. For instance, there is a local art show in November where the application deadline is May. Dragoncon has its first application deadline February 1st. There are several times in the past (before I set up the calendar) where I have missed out having an art panel due to a missed deadline.

    It comes down to what you are comfortable with. If you prefer to do everything by hand, with pencil, calculator and 16-column accountant paper, then more power to you. However, it is usually much more time-efficient to keep the records electronically, if only to halt the calculation errors!

    3. The Dreaded Taxman!
    So, now we’ve taken care of the records we need for our own management of the business, what about the taxmen, both state and federal? For federal and possibly state, you want to know your income and expenses, and ultimately your net income. If you do your own taxes, I will again highly recommend a copy of QuickBooks. The advantage here lies in being able to print out that Profit & Loss statement at the end of the year, which includes most of what you need for the income tax returns. The few adjustments to be made can be made as Journal Entries. These would include any non-business expenses being removed (like paying your mortgage with business funds), and some non-cash entries added, (such as business mileage).

    Federal Tax forms are required as follows:
    1. Sole Proprietorship – 1040 Schedule C, due April 15th
    2. S Corporation – 1120S, due March 15th
    3. C Corporation – 1120, due March 15th
    4. Partnership – 1065, due April 15th

    State tax forms will, of course, differ from state to state. However, if you have an income tax for your state, it is usually due the 1st day of the month after the federal return is due. For instance, S Corporation return for the state would be due April 1st.

    Sales tax is also dependent on state, and the time period you need to file for is dependent on how large your sales volume is. Mine is quite low, so I only need to file every quarter. I don’t pay sales tax on sales made by conventions (they collect and pay sales tax for that) or sales made out of my state. I do have to collect and pay taxes on sales in my own state. This is why I keep a detailed spreadsheet on where all my sales have been made, especially as different counties may have different sales tax rates!

    4. Breathing a sigh of relief! Oh, what about inventory?? OK, you’ve gotten everything organized, you have your tax returns done, and now you look around your studio, and see things everywhere – boxes, supplies, tools, finished items, works in process, etc. How do you organize THESE???

    Every artist is an individual, and thus feels comfortable working in a different way. I cannot tell you how to organize your own inventory, but I can suggest ways to keep it somewhat controllable, by offering suggestions that I use.
    1. Everything in its place!: I keep my supplies in one area (a set of drawers next to my work space) with labels on them so I know where to get things – and where to put them away! This includes shipping supplies like boxes, bubble wrap, tape, as well as matting supplies such as mat board and bags.
    2. Alphabetize: I have over 100 different images now, and that’s a very low number for many artists. I have, at any one time, from 1-10 matted prints of each image. I have them on a shelf, alphabetized by name, with one print in front of each ‘set’ standing up and the rest on their side. This way I can quickly flip through the ones I see to get the one I want for a particular show or convention. This method works for me now, but may need to be upgraded to a box system in the future.
    3. Records: I keep my records (a checklist of conventions and art shows to send to) in one place, as well as a folder for each convention and art show, listing prior year sales information, required fees, mailing address, etc. I keep these in a file cabinet by month so I can go through each month at a time and take care of all items on a timely basis. I file correspondence from each convention or show in their folder when I receive it, so it is available to look up later. This system works best for me, but it may need tweaking or other ideas for your own workflow. Since most of my work is created either on my computer or elsewhere (I carry my beadwork with me everywhere), it is more a workspace for prepping pieces for sale rather than creating the pieces themselves.

    5. Legal Stuff So, what about Copyrights? What about them, you say? You get them whenever you actually create a piece of art. Technically, you have copyright on every line you draw, every sketch, every photograph, etc. However, those copyrights are not very DEFENSIBLE in a court of law if you haven’t registered those copyrights with the US Copyright office. ( http://www.copyright.gov/ ). You can register multiple images with one $30 application if they are grouped in a logical way. For instance, I register every year, with an annual compilation CD of all the works I created that year. It is worth it, especially with the advent of eBay and the ease in which image pirates can harvest images from the web, from your sold prints… and sell them as their own. Protect yourself now!

    6. Conclusion

    As an artist, you don’t really have to be afraid of business. It is rare for a business mind to inhabit an artistic mind, but each of us has some talent for organization, or we would no longer be alive in this world! Don’t let the task intimidate you, and you can tackle it a little at a time. Take small steps, and before you know it, you will be working more efficiently, which leaves you much more time for your REAL business, creating art!

    If you should have any further questions or comments, please feel free to contact me at greendragon@bellsouth.net or visit my website at www.GreenDragonArtist.com. Thank you for your attention! Sincerely, Christy Nicholas, CPA Aka Green Dragon, Artist

    HTTP = HTML link (for blogs, profiles,phorums):
    <a href="http://www.suggestyou.com/article/41011/suggestyou-Organizing-Your-Art-Business.html">Organizing Your Art Business</a>

    BB link (for phorums):
    [url=http://www.suggestyou.com/article/41011/suggestyou-Organizing-Your-Art-Business.html]Organizing Your Art Business[/url]

    Related Articles:

    Life Begins at 55

    Why Employees Don’t Work to Full Capacity

    Four Keys For Successful Foundation and Corporate Fundraising

    Bookmark it: del.icio.us digg.com reddit.com netvouz.com google.com yahoo.com technorati.com furl.net bloglines.com socialdust.com ma.gnolia.com newsvine.com slashdot.org simpy.com shadows.com blinklist.com