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Artist Myth #8: If You Just Do Your Art, Everything Else Will “Work Out”

Many artists would love to have their only job be to create works of art, so that they could be in the studio or outside most of the time. It is the reason we chose this profession. It is what feeds our souls, but it isn’t enough to feed our bank balances. ~Aletta de Wal

 
 
Heart Thirds ©2011 Lezley Davidson, watercolour, 6 x 6
 
 
Here’s the link that I forgot to put in the video (derp):
Art Biz Blog >> Go to Blog >> Search “Inventory Systems” in the search bar to bring up all the software for artists and other useful stuff about getting your art organized.
 
 

 
 
I’m totally not an accountant or financial expert and I’m certainly not offering you financial advice. If you want to, you can get this handy spreadsheet to keep track of your business expenses for tax purposes, when you join the email list.

This is one of the great resources available in The Library.

The headers are the same as the ones found on your actual Canadian tax return (I used UFILE.ca). I did remove the Meal Expenses for Long Haul Truck Drivers. (sorry if that’s a problem) 😛

Each section has a SUM total, so you can slot your receipts in and it’ll spit out the total.

***CHECK THE MATH ON THE FORMULAS FOR YOURSELF***

I’m pretty sure it’s okay, but I DON’T GUARANTEE YOUR NUMBERS – you want to make sure your totals are accurate… sometimes stuff happens with software and formulas and you want to make sure that you have accurate expense totals for the governement.

***CHECK THEM YOURSELF***

 

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Rent Cheque ©2012 Lezley Davidson, watercolour, 6 x 6
Sadly, your love for art alone, can’t pay your rent.
 
 

Click here for Artist Myth #9 >>

 
 

There is no such thing as one big break. This doesn’t happen in any profession, and art is no exception. All great achievements happen through many small acts, staged consistently over time.

Some artists think their art appeals to everyone because family and friends are always enthusiastic.

Any artist who wants a successful art business cannot afford to live only in the confines of a studio where making art is the only reality. If you just want to make art, and ignore the business side, then you must have other ways to support yourself.

Some artists mistakenly believe that their chosen vocation entitles them to be “free spirits.” Normal rules and schedules do not apply in their world. They do whatever they want, when they want and how they want.

“I often hear artists say that they are too right-brained to do left-brained business tasks. They imagine that getting a gallery means that they will be able to wash their hands of the filthy business side of art. They assume that the gallery will handle every aspect of marketing and selling their work.”

Artist Myth #2: Society Owes Artists a Living. Some artists feel that their contributions to society and culture merit more financial support.

There is a romantic notion perpetuated by operas like “La Boheme” that artists must be poor. People who believe that the “true” artist is a “starving” artist think that this lifestyle keeps them “in touch” with creativity.

I continually find 3 areas in an artists branding that get overlooked by even the most creative and eagerly entrepreneurial of artists.