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Casual Articles - Organizing Your Art Business
It better for people starting a new venture to form a separate business entity such as a corporation, as it is a great way to protect personal assets and keep business separate from personal life as it offers liability protection, and many other benefits. It is very easy to incorporate in the state of Arizona.Incorporating In Arizona: It is necessary to be sure which kind of corporation you are going to form and take the necessary steps. It is necessary to ensure that the startup funds are available and that the necessary licenses and permits obtained from the concerned authority and an appropriate place is leased or bought to begin operations.• It is necessary to decide on a name and make sure that the name is not a copy as well as make sure you get adequate protection by applying for trademark registration. The name should end in the words such as “Incorporated,” “Corporation,” “Company,” “Limited,” “Association” and certain words are restricted such as “ bank” or “trust.” The name can be reserved online by paying a nominal fee.• The articles of incorporation have to be filed with the Arizona Corporations Commission. The fee charged is $60 and the articles are processed within 210 business days.• The articles of incorporation have to include certain information, including the name, address and signature of all incorporators, and there must be a minimum of one incorporator. The statement of purpose and the names and addresses of all directors. Arizona requires that every corporation maintain a known place of business, which may be the address of its statutory agent. The name and address of the statutory agent has to be listed too. The number and the different classes of share have to be filed, too.• The minimum number of directors permitted is one and they need not be residents of the state or be shareholders.• The articles of incorporation have to be published in a local newspaper that circulates i
What separates a professional motivational speaker from an ordinary guy? Mostly it’s just studying the basics and practicing the established techniques of an established, successful professional motivational speaker. Unless you are that one in a million type of person who can just wing it on stage and hold a large audience of people captive with the strength of your personality and the power of your voice, you must learn the basics before you begin to speak publicly. These naturals exist, that but they are few and far between and, truth be told, they’ve practiced and rehearsed even that seemingly relaxed, improvisational style. Most people take the time to learn the basics. Here are some to start with:Audience awareness Many beginners are so concerned with their appearance and the way they come off that they pay absolutely no attention to who they are talking to. The better you know your audience the better chances you have of being accepted by themContent You can be charming and have the voice of an angel, but after a few minutes, if you don’t start speaking about something the audience wants to hear, you’ll be ignored until you stop.Test your equipment Fiddling with microphones, slide presentations and such is the true sign of a nervous amateur and someone who will not be listened to.Preparation Stumbling over your speech and being unfamiliar with your subject material is a sure way to be ignored.Be humorous Unless you are a stand up comedian brought in to relax the audience you want to use some humor in your speaking but not so much as to detract from your message.Be approachable Getting in and out of an event fast is a good way to be forgotten. Take the time to meet people, and talk with them. That way they’ll pay more attention to you when you speak and they’ll remember you when you’re done.There are so many things you have to learn to become a professional m
1. WHAT STRUCTURE SHOULD I USE? The first question to ask in setting up your art business is how you should set it up – i.e., what structure it should have. This may seem like a silly question, but it is a very important one, as it determines how you report your income and expenses. And report them you must! There are several types of organization to choose from, and the determining factor is risk. How much risk are you willing to take? Are you willing to pay more for less risk? I will demonstrate what this means:
a. SOLE PROPRIETORSHIP The most risky organization is the sole proprietorship. This is because if someone sues you as a sole proprietorship, they can, theoretically, take your home, your car, and all your worldly possessions in a lawsuit. There is no separation between the business and you, so any lawsuit can take everything. However, most art businesses have little lawsu
Wallace Malone is retiring as vice chairman from Wachovia Corporation with a sweet and juicy departure package worth at least $135 million. This amount probably will be increased (grossed up) so the poor fellow will not have to fret over paying any income tax on the $135. Incredible, even for doing a good job, though one arguably could make a moral case for such a payment. But what about those who fail?What about the story from Walt Disney's Magic Kingdom and Michael Eisner, the former CEO who once encouraged the potential payment of a $140 million golden parachute for Michael Ovitz, his friend who lasted just 14 months as his deputy? Eisner himself was forced out left last year with a package worth nearly $24 million excluding a $300,000 annuity for life. In fact, most severance packages of this nature also contain a dazzling array of other sweet benefits--everything from use of private corporate jets to lucrative consulting contracts, use of secretaries to office space for life, country club memberships to financial planning help. There are limitless goodies executives seem to enjoy in "forced retirement" at the expense of shareholders.Ever-increasing severance packages granted to terminated or otherwise departing executives (which are negotiated into employment contracts upfront) are a part of the growing perception that total compensatory reward is out of sync with performance, or lack thereof. After all, if it is immoral to punish large corporations (like Wal-Mart) for their financial success, it should be equally immoral to unduly reward the top executives of such corporations when they are terminated for poor performance.What about Stephen C. Hilbert, the former CEO of Conseco, who almost drove that company into bankruptcy but was given $47.1 million in severance for his efforts? Pity Carly Fiorina who left Hewlett-Packard with a tarnished reputation. Fortunately her exit package eased her pain; it was worth about
1. WHAT STRUCTURE SHOULD I USE? The first question to ask in setting up your art business is how you should set it up – i.e., what structure it should have. This may seem like a silly question, but it is a very important one, as it determines how you report your income and expenses. And report them you must! There are several types of organization to choose from, and the determining factor is risk. How much risk are you willing to take? Are you willing to pay more for less risk? I will demonstrate what this means:
a. SOLE PROPRIETORSHIP The most risky organization is the sole proprietorship. This is because if someone sues you as a sole proprietorship, they can, theoretically, take your home, your car, and all your worldly possessions in a lawsuit. There is no separation between the business and you, so any lawsuit can take everything. However, most art businesses have little lawsu
Even if your online business is affiliate marketing, i.e. you don't offer your own products, testimonials can give your bottom line a significant boost. Here's how.A common way to promote affiliate programs is through the use of a review website, where several products are compared to each other. This can be an effective way to help consumers go the last step and decide between various options. The greatest obstacle you face in converting visitors to sales is how trustworthy and authoritative your site appears to be.Is your contact information readily available? Are you offering your visitors some kind of bonus or extra for purchasing through your site? Are you capturing their name and email address before they leave? If so, you will have ample opportunity to interact with them. Even ONE testimonial about how your recommendation made the buying process easier will go a long way to improving trust in your site. That ONE testimonial will set you apart- because no one else is doing it!If you're promoting products more based on your own experience, then you have the perfect opportunity to use the power of testimonials to improve your conversions.When you review another product based on a personal narrative, you're in fact writing a testimonial. How you write it should depend on what market you're targeting and the characteristics of the consumers in that market.Within the internet marketing niche, for example, consumers tend to have quite a bit of skepticism about the products they are investigating. At the same time, they probably have grand visions of achieving the incomes of the market's top "gurus." To connect with them, you should show that you shared their skepticism when initially investigating the product or service yourself. You can only improve your effectiveness by pointing out actual flaws. If you are then able to share a success story, including how you overcame the flaws or initial ske
a. SOLE PROPRIETORSHIP The most risky organization is the sole proprietorship. This is because if someone sues you as a sole proprietorship, they can, theoretically, take your home, your car, and all your worldly possessions in a lawsuit. There is no separation between the business and you, so any lawsuit can take everything. However, most art businesses have little lawsu
You don’t have to be a tech geek to know that Web 2.0 has completely changed the way things work online. If you wise up to these trends, you can easily use them to your advantage. Now, before you start to think that you're going to have to spend all day "friending" people on MySpace and other social networking sites, hold on a minute! This can be done in a time-efficient manner that makes a significant contribution to your business in a way that doesn't overwhelm your schedule.Social networking can in some cases make or break your online business. Taking an example from American politics, the 2006 U.S. Senate campaign of George Allen, the favored candidate in Virginia, was literally derailed by one video that was posted on YouTube and crawled its way virally through the internet. Your good customers can become instant evangelizers by willingly promoting your great service through their own network of friends and colleagues, but disappointed customers can spread information through cyber word of mouth just as quickly.When you bring a viral component into your advertising by encouraging rapid dissemination of positive information, you greatly increase your chances of success online. Here are a few ideas to get you thinking virally...1) Put a video up on YouTube.Enough said! It’s easy, free, and extremely viral. YouTube is a huge online community where more than 100 million videos are seen each and every day, so there are plenty of potential visitors just waiting to see what you've got.2) Make a profile on MySpace.com, Facebook.com, or another social networking site that fits your business’s profile.If Presidential candidates can set up Facebook profiles, so can you! Again, it’s easy to do and completely free. This can be an easy way for your customers to keep in touch with you and show that they are proud to be affiliated with your brand.3) Add a “tell-a-friend” feature to your website.
a. SOLE PROPRIETORSHIP The most risky organization is the sole proprietorship. This is because if someone sues you as a sole proprietorship, they can, theoretically, take your home, your car, and all your worldly possessions in a lawsuit. There is no separation between the business and you, so any lawsuit can take everything. However, most art businesses have little lawsu
The most inexpensive form of advertising, classified ads can help you sell your property, automobile, antique collection, used vacuum, or anything you choose. Writing a classified ad that actually sells your product is something is a special art.Read on to learn how to write classified ads that sell.A sale is completed through four different stages – awareness, interest, desire and action. Some marketers boil this down to a single word formula called AIDA formulaAwareness – awareness that you have something to sell that the prospective customer may be benefited.Interest – the prospective customer gets interested in your product.Desire – the prospective customer feels like buying your product.Action – actually ordering the product and writing the check.The third and fourth steps really are not in your control, but doing the first two steps – awareness and interest – correct can motivate the customer buy from you.Thus with the little number of words, you have to create awareness and interest in the minds of your customers, on your product.If your classified ad creates awareness and interest in the minds of your customers and he or she rings you up, your ad is a success.Keep in mind that classified ads are not sales letters. Sales letters are aimed at closing the sale now and here. A classified ad is like an invitation to fix an appointment. Your prospective customer interested in buying the product (your house, car, vacuum) and is willing to explore the chances of buying the product from you. There will be more communication between you and your customer and a sale is reached on mutual understanding.Five Quick Tips on Writing Classified Ads Clearly describe in a few words what your product is. Use numbers and facts to tell things like colour, model, etc. Don't go on to tell the whole story about your product. Just tell its present condition and l
Now, there are advantages to being a sole proprietorship. There is little to no cost in setting it up, no legal forms to fill out, and no paperwork to file with the state. When you report your income and expenses, it goes on the Schedule C of your own personal tax return (1040), and isn’t taxed separately.
There are also disadvantages, such as the aforementioned unlimited liability. There is also the fact that the company has a limited life – when you pass away, so does the business. (Ask Disney if this is important!). It is also more difficult to get financing from banks and therefore difficult to expand.
b. CORPORATION If you are willing to pay a little more money
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