We all have a dream, right?
I assume since you are reading this, your dream is to do something with your art, other than hang it on your wall and enjoy it. You want to earn a living doing what you love — painting for profit so to speak.
Talking with a friend the other day, he asked me, “Tara, do you have a business plan?”
“Of course I have a plan!” I replied. “I’m building a business — licensing my art, teaching, etc.”
“But do you have a plan in writing?”
“Oh… that! Well licensing is different — I don’t have ‘widgets’ or ‘books’ or whatever that I sell. It is hard to project your income — especially in the beginning. It all depends on how successful the licensees are at selling the product into retail.” (Good excuses, huh?) “So no, I haven’t written anything out formally, it’s in my head. Besides, I’m not going to the bank for a loan so why do I need a written plan?”
I haven’t shown this plan to my friend yet (I’ll send him to the blog when it’s done) but somehow I don’t think it’s going to pass muster.
He went on to explain to me that business plans force you to stop and think about where you really want your business to go and what you need to do to get there.
OK… I’m listening… as you can see, the plan in my head is “oh-so-grand”…
In the book “Mommy Millionaire” by Kim Lavine talks about business plans on pgs 44-46 and gives some great resources. (This is a great business book, inspiration and reference!)
I’m going to go to the Small Business Administration site and looked at what they have. (click here)
This conversation happened over the weekend so I won’t lie to you and tell you I have any other “written plan” than the one shown above. But I can see the value and will dedicate some time to the process. I’ll let you know how it goes.
P. S. I challenge you to join me and make a ‘real’ plan. This is a business, after all, so we will be more successful if we treat it as such.