This week marks the halfway point in the year. How are you doing on your goals?
Because my primary concern is about your business goals and financial well-being, let me remind you of a couple of articles about achieving your income goals. Have you read these?
6 Steps to Identify Your Income Goals
The 7th Step to Achieving Income Goals
Get Real with Where the Money Comes From
My income-achieving process is daunting for some artists who find it a challenge to face the bottom line. But ignoring your financial situation based on fear or lack of knowledge doesn’t make it better. It just makes you an oblivious businessperson.
The process is based on multiple streams of income for your art business (art sales, teaching, greeting cards, consulting, e-books, etc.). If you’ve been looking at your income potential as one line item, it’s time to reconsider your approach and take a closer look at your earning potential.
This week – the 26th in 2011 – sit down with your income goals for the year and see how you’re doing.
For each stream of income, is your income-to-date more or less than it should be at this point? By how much?
The most important question you can answer through this process is: WHY? Why have you made more or less than your goal?
What did you do that worked? Can you do more of it?
Where did you mess up or goof off? Can you correct that for the rest of the year? Consider alternatives that would yield higher profits or better results.