First a Painting
From Chiropractor’s Wall to Collector’s Wall
You might remember me telling about a painting that I reclaimed from my chiropractor’s office because I felt it wasn’t being displayed satisfactorily. While I put it there in the hopes that someone waiting for massage or adjustment might see it and decide to buy it, it was never hung in a very visible place. The place it was displayed was only being seen by people on their way for x-rays, which at a chiropractor’s office is usually only for your first visit. Well, I reclaimed the painting and put it up in the studio where everyone who came in could see it, and it finally sold. Only it didn’t sell as a result of being seen in the studio. It sold from my etsy shop to a collector in California.
This was great encouragement for me, because while I’ve sold prints and T-shirts, cards, and hand painted glassware. It has been a while since I sold an original painting, and it was making me wonder if it was ever going to happen again.
I just packaged this painting last night and got in the mail today, it should be arriving at its new home next week sometime.
Next, a Plan
Log it, track it, write it down and add it up.
So, in my last post I shared about how I didn’t keep track of financials as they happened, and it is causing much delay in filing my business taxes. Well, I am not making the same mistake in 2017, I am keeping a running ledger, so I will always know at a glance what shape I am in financially.
While I don’t plan to make up for previous years’ losses, I don’t want losses in 2017. So, unless the expense is unavoidable, like a bill that is due and can’t be delayed, I will not spend money on my art, or classes, or studio, unless I am in the black. I have a pretty good start to 2017 already, January I came out $25 in the black, and now with a sale in February I am looking to probably ending February in the black too, by at least as much as January, so the two will accumulate to being at least $50 in the black for the year so far.
Now of course if I am in the middle of a painting and need a certain color of paint I’ll probably buy it regardless of financials, but a lot of my spending in 2016 were not things I needed right then, a lot of it was because this store or that one was having a great deal on canvases or paints that would likely come in handy later. Since I didn’t really know I was operating in the red, I went ahead and bought things that I didn’t even really need for a project right then.
Well no more. From now on if it is discretionary it will only be purchased if my art business is in the black by enough to cover it. My goal for 2017 is to at least come out even financially in my art business. Now, that might not seem like much of a financial plan, but its a start. Sure it would be great to turn a nice profit, but I love doing art, and if all it does is pay for itself, I will be pretty satisfied.
One good thing about all the supplies I purchased in 2016, I have plenty stashed up to start 2017 without spending much. Yes, there may be an occasion here or there where I need something specific, but for the most part I have enough supplies to do almost any art project I might want to do. If I buy anything at all in the coming year it would likely be paints as I run out. I have canvases everywhere. I might have to buy more of the economy canvases for my classes at some point, but not right away, and as for the canvases for my personal use, I have more than I think I could possibly use in one year.
So, I don’t think curtailing my spending is going to curtail my creating of art at all.