We are officially at the halfway point for 2017. Are you halfway to your financial goals for the year? As all of my students and clients know,I stress the importance of “doing the numbers” before it’s too late. Doing your numbers means figuring out where the money is coming in, identifying the leaks, and seeing clearly the best return on your investment of time and resources.
For conducting this process,you are rewarded with clarity like you’ve never had before. What you see might not be the beacon of hope you were looking for, but at least you are armed with knowledge to make sound financial decisions.
When your numbers aren’t where you’d like them to be (a realization we’re all faced with at some point or another), and consider options to increase your income quickly.
Focus on how to maximize your return with limited time and resources to invest. This means concentrating on larger sales. Its not the time to create a novel stream of income for a novel audience.
The first step is to get additional clear on how much you need to earn and figure out what the path to that number looks like. Specifically: What is your monetary goal and what will it recall to reach that goal?How many students or clients do you need to enroll to equal your goal?How many artworks do you need to sell in a specific size to equal your goal? And do you absorb enough inventory?My first choice when looking for fast cash is to …Continue reading...
Source: artbizblog.com