Free 2-evening “Financial Fundamentals” Workshops for Artists

CALLING ALL ARTISTS: The Cultural Alliance is partnering with the CT Office of the Arts in offering a free, two-part evening workshop on FINANCIAL FUNDAMENTALS FOR ARTISTS, Tues. Oct. 29 and Wed. Oct. 30, 6pm-8:30pm.

The workshop in our region is hosted by the Housatonic Museum of Art and will take place on two evenings, Tues. Oct. 29 and Wed. Oct. 30, 6pm-8:30pm. The workshop has been developed with the Community Economic Development Fund (CEDF), whose Frederick Welk will be the presenter. More information is available here; registration here.

What you’ll learn in this course

— Paths to success in the world of art
— Why artists don’t want to learn the art business (but why they should)
— Why is financial management important?
— Important financial attributes of successful businesses
— Why do some businesses succeed and some fail?
— Small business best practices
— Who does the work of bookkeeping, accounting and tax preparation?
— Learning the language of accounting
— Forms of business organization
— A little more accounting than you might want to know.
— The chart of accounts
— How long you have to keep various kinds of business records
— Which entities collect taxes from a Connecticut business
— The two most common small business mousetraps
— Why financial reports are necessary tools for measuring success
— The accounts that appear in an income statement
— How an income statement is structured
— Basic ratios that can be used to evaluate an income statement
— The accounts used in a balance sheet
— How a balance sheet is structured
— Basic ratios to evaluate a balance sheet
— About those words “cash flow”