Art is an important part of society as it provides several functions. Aside from being aesthetically pleasing, it’s a form of entertainment that helps bring equilibrium to the world around you. Having said that, to support art and contribute to its evolution you don’t have to necessarily be an artist. Individuals with business acumen are equally important as they help monetise and commercialise art forms in many ways.
If you want to try your hand in starting an arts-related business, there are certain things you should know before getting started. Here are a few tips to consider that could help you along the way.
Choose an Area of Specialisation
As tempting as it may be to do everything when starting a business, you want to focus on a specific area. This should help you offer unique services in whatever category you choose. Below are a few ideas regarding art-related businesses that you could start.
Event Planning: A great business idea for you to consider would be planning events. There are so many different kinds of events that go on in the art world which range from putting together a theatre show to throwing a fundraiser. Think about whether you have an interest in this area and how lucrative it would be for you.
Art Collecting: Another thing that you could do is collect and sell art if you have an eye for good pieces. You’d need to understand the types of art that people want to buy and also have the ability to set the right prices for each piece. Eventually, you could go on to open your own art gallery if it’s an aspiration that you’ve always had.
Script Writing: Storytelling is a major part of making art, so consider starting a business in the area of scriptwriting. You could, on your own or with a team of individuals, write scripts and sell them to people who produce plays to films. There are free online courses that you could take that would help you develop your skills and get started.
Consider an Office Space
The nature of your business will determine whether or not you need an office space. If you’ll be carrying out daily activities that require the physical presence of your team, then you most likely will. As a new business, keeping your expenses low should be a top priority. You can do so by paying attention to things like how much you’re paying for utilities.
Look for affordable business gas suppliers, as well as reasonably priced internet providers. In addition to this, when furnishing your office set a realistic budget and buy furniture on sale to reduce costs.
Remain Current
The arts are constantly evolving, so being able to keep up with the direction it’s going in or stay up to date with industry trends is crucial if you want to run a successful business. You can do so by immersing yourself in the arts and always looking for inspiration around you. This could mean attending a show, meeting up with creative people and looking for opportunities to collaborate.
