It was all about business today at Arts On The Block as financial educator Derek Sontz came to visit our organization. He encouraged our apprentices to think about the business and finance aspect of creating their artwork for clients. He proposed different approaches to financial strategies and working together as a team to meet their goals. To start with this business planning, our apprentices needed to have core goals–or S.M.A.R.T goals as Mr. Sontz referred to them, goals that were: Specific, Measurable, Attainable, Realistic, and Timely. While planning, our apprentices came up with numbers and figures for an item they’d all like to create for our Open House event, approaching in March. Working together, they configured important factors such as: production time, material costs, pricing, net and gross sales, marketing strategies, premium deals for clientele, and even exercising their leadership skills delegating individual tasks for each other. After Mr.Sontz’s engaging discussion, the apprentices brainstormed their various ideas to put their business plan into action. Now that they have greater knowledge of business planning when selling their artwork, I have no doubts that our apprentices are headed towards bright and successful futures.
January 19th, 2013