Arts and Numbers: A Financial Guide for Artists, Writers, Performers, and Other Members of the Creative Class

The creative class—artists, actors, writers, musicians, freelancers, dancers, performers, and the like—are known for applying their passion for creative expression to everything they do. Perhaps the one thing that most fills this group with apprehension is the rigid world of numbers. This leads to problems arising from the unconventional financial and business situations of creative professionals, as well as the nonprofit organizations with which they're often affiliated. Finances, budgeting, and business matters can be dreaded, if not outright ignored, by creatives--to the detriment of their artistic pursuits. Author, artist, and CPA Elaine Grogan Luttrull has written Arts & Numbers to help creative professionals find the same confidence in their financial dealings as in their chosen mode of expression. It is an engaging, accessible guide that covers a variety of must-know topics, such as budgeting, cash management, visual charting, taxes, employment, and business etiquette. In a simple, straightforward style, Luttrull draws examples from smooth-flowing narratives depicting common issues within the arts worlds, as well as from her own personal anecdotes. Unlike stuffy textbooks and patronizing business books, Arts & Numbers is a lively and artfully done ally in helping creative professionals plan their present financial situations and secure their futures. Introduction Hi. It’s Lovely to Meet You Have a Seat. Let’s Get Acquainted Thanks for Picking Up This Book Chapter 1 Abby’s Secret Numerical Illiteracy Creative Professionals: We Are the 0.7 Percent What Is the Industry Outlook for the Arts? The Creative Professional Spectrum One More Thought Chapter 2 Noah’s Dilemma Nonlinear Path Noah’s Relief Chapter 3 Caroline’s Reluctance Visualization Quantifying Goals Public Accountability Tracking Progress Abby’s Goal Caroline’s Goal Noah’s Goal Chapter 4 Elizabeth and Caroline—the Odd Couple Different Choices Compounding Interest Investing Controllable Factors Caroline’s Realization Chapter 5 Abby’s Resolve Budgeting Basics Budgeting Steps Abby’s Festival Budget Chapter 6 Caroline’s Budget What Is a What-If Analysis? Caroline’s What-Ifs Chapter 7 Caroline’s Disappointment Comparing Actual versus Budget Monitoring Variances Caroline’s Monthly Updates Caroline’s Budget Variances Abby’s Budget Variances Chapter 8 Personal Profit and Loss Statement Personal Balance Sheet Caroline’s Financial Statements The Connection between Financial Statements and Goals Practice, Rinse, Repeat Chapter 9 Logan’s Cash Cash Flow Real Solution 1: Using Cash Reserves The Tangibility of Cash Real Solution 2: Anticipate the Timing of a Cash Shortage Logan’s Cash Flow Model Logan’s Envelopes Chapter 10 Evelyn Struggles Bridge Sources of Income Evelyn Takes Control Masochistic Volunteering Evelyn’s Future Steps Chapter 11 Derek’s Tax Appointment Assorted Sources of Income In Good Company Tax Basics Recordkeeping for Tax Purposes Derek the Professional Chapter 12 Alison’s Technology Wish Finding the Right Financial Management System Outsourcing Inventory Systems Alison’s Solution Chapter 13 Ellen’s Elevator Pitch and Business Plan Business Plan Components Noah’s Happily Ever After Epilogue Appendix Other Costs Space Costs Equipment Costs Technology Costs Personnel Costs Office Costs Travel Costs Acknowledgments Notes Additional References The creative class-artists, actors, writers, musicians, freelancers, dancers, performers, and the like-are known for applying their passion for creative expression to everything they do. Perhaps the one thing that most fills this group with apprehension is the rigid world of numbers. This leads to problems arising from the unconventional financial and business situations of creative professionals, as well as the nonprofit organizations with which they're often affiliated. Finances, budgeting, and business matters can be dreaded, if not outright ignored, by creatives--to the detriment of their artistic pursuits.

Author, artist, and CPA Elaine Grogan Luttrull has written Arts & Numbers to help creative professionals find the same confidence in their financial dealings as in their chosen mode of expression. It is an engaging, accessible guide that covers a variety of must-know topics, such as budgeting, cash management, visual charting, taxes, employment, and business etiquette. In a simple, straightforward style, Luttrull draws examples from smooth-flowing narratives depicting common issues within the arts worlds, as well as from her own personal anecdotes. Unlike stuffy textbooks and patronizing business books, Arts & Numbers is a lively and artfully done ally in helping creative professionals plan their present financial situations and secure their futures.

The creative class-artists, actors, writers, musicians, freelancers, dancers, performers, and the like-are known for applying their passion for creative expression to everything they do. Perhaps the one thing that most fills this group with apprehension and anxiety is the rigid world of numbers. This leads to problems arising from the unconventional financial and business situations of creative professionals, as well as the nonprofit organizations with which they're often affiliated. Finances, budgeting, and business matters can be dreaded, if not outright ignored, by creatives--to the detrim A straightforward, sympathetic, and clearly explained guide to financial planning, budgeting, and business basics for creative professionals, artists, and nonprofit managers "A guide to financial planning, budgeting, and business basics for creative professionals, artists, and nonprofit managers"--Provided by publisher