Art Tank Business Accelerator

Art Tank Business Accelerator

Now accepting applications for the 2018 Art Tank program. Submit your application at http://bit.ly/2018-artTANK by May 20, 2018

OVERVIEW                                                                                                                                                                                        

In 2017 the Art Tank business accelerator was created to address the unique challenges and opportunities that artist entrepreneurs face. Over the course of this 9 week program, participants will learn how to build and maintain a sustainable business venture based around their artistic talents. The program is comprised of workshops, roundtables, one-on-one advising and peer-to-peer learning.

TARGET AUDIENCE                                                                                                                                                                       

Art Tank is geared towards San Antonio visual artists that want to create a sustainable business selling their artwork.

Qualified candidates must have a portfolio of work, a defined artist statement, be committed to launching or growing their business, and be able to attend 7 of the 9 sessions.

Applicant goal: 20 │ Participant goal: 15 │Max capacity: 20 │ Cost: $75 *refunded to those not accepted

SCHEDULE                                                                                                                                                                                          

Monday evenings from 6:30-8:30 pm. at Launch SA, 600 Soledad St. San Antonio, TX 78205

June 4– Understanding Your Art as a Business- Business Model Canvas Workshop

The objective is for the artists to begin seeing themselves as entrepreneurs and strategizing on how they can turn their talent into a successful and sustainable business, or perfect their existing business model.

Key Takeaways:

  • Review program objectives, expectations and outcomes
  • Class introductions
  • Create business model canvas
  • Q&A with successful Artist Entrepreneur

Presenter: Eric Breish, contemporary mixed media artist and Margot Slosson, LiftFund WBC

June 11 – Pitch Perfect

The objective of this session is for artists to learn how to present their artwork and business model in a clear and concise way to potential funders, as well as to curators and collectors.

Key Takeaways:

  • Knowing your audience and telling a compelling story
  • Creating a pitch deck
  • Guidelines for final pitch

Presenters: Veronique Le Melle, Arts Consultant and Margot Slosson, LiftFund WBC

June 18 – Legal Matters

The objective of this session is for artists to learn how to protect their business and intellectual property.

Key Takeaways:

  • Understanding the pros and cons of different business legal structures
  • Contract drafting, negotiation and review
  • Licensing of art
  • Copyrights and trademarks

Presenter: Marty Truss, Dykema and board member of Texas Accountants and Lawyers for the Arts

June 25 – Pricing

The objective of this session is for artists to learn different techniques and strategies for pricing their products and services.

Key Takeaways:

  • Traditional methods for determining pricing based on COGS, competitors, and market.
  • How to account for the intangibles of art.
  • WAGE Certification and salary guidelines.
  • Perspectives on pricing from an established artist and gallery representative.

Presenters: Margot Slosson, LiftFund WBC│ Alana Coates, Ruiz Healy Art Gallery │Sarah Fox, Artist

Week of July 2 – Pitch Practice

Schedule a time to practice your final presentation and receive feedback

July 9 – Exploring Funding Sources

In this session we will explore the pros and cons of different funding sources available to artist entrepreneurs.

Key Takeaways:

  • The 5c’s of access to capital and how to prepare for a small business loan.
  • Researching and applying to grants and other public funding sources.
  • Tips for conducting a successful crowdfunding campaign.

Presenters: Margot Slosson, LiftFund WBC │ Amanda Haas, Upwrite Services

July 16 – Marketing and Sales

Creating and building your brand is essential to your success as an artist entrepreneur. Learn about creative ways to market yourself and your work to gain new customers, as well as tips for keeping customers engaged in your work, referring you to other customers, and returning to buy from you time and time again.

Key Takeaways:

  • Creating and defining your brand.
  • Brand consistency across marketing channels
  • Leveraging free and low-cost marketing tools to build sales
  • Building relationships with personal collectors

Presenters: Cruz and Olivia Ortiz, Cruz Ortiz Art and Snakehawk Press

July 23 – Recordkeeping and Tax Returns for Sole Proprietors

Artists learn about tools for tracking their business income and expenses and evaluating their financial statements. In the second half of the class, artists will learn the ins and outs of the Schedule C tax form for sole proprietors and single member LLCs. They will also learn about how to reduce tax liabilities and what taxes they are responsible for.

Key Takeaways:

  • Income and expense tracker exercise
  • Tips for recordkeeping
  • Learning how to plan for taxes and properly file them.

Presenter: Carlos Acosta, LiftFund WBC│ Racheal Rubenstein, Strasberg LLP

July 30 – Artists Roundtable & Closing Reception

The objective of this session is for artists to interact with established local artists, gallery owners, art museum curators and other industry players. Artists will deliver their final pitches to the audience.

Roundtable invited guests: Joseph Bravo, Bravo Fine Art; Mary Heathcott, Executive Director, Blue Star Contemporary Art Museum; James LeFlore, Public Art Manger COSA Department for Culture and Creative Development; Ana Fernandez, Ana Fernandez Art; Kelly O’Connor, Collection & Exhibitions Officer, Linda Pace Foundation; Vincent Valdez, Artist; Cristina Balli, Executive Director, Guadalupe Cultural Arts

Over the course of the 2 month program, participants will have access to one-on-one consultations with LiftFund WBC business advisors and loan officers to address topics such as: business planning, marketing and sales, pricing, legal matters, taxes, financials and more. They will also have access to LiftLearn, an online business education platform.

At the conclusion of the program, participants will be encouraged to apply to present at 1 Million Cups. 1 Million Cups is a Kaufmann Foundation program held every Wednesday at Launch SA in which two entrepreneurs pitch their business idea to a diverse audience of peers, mentors, educators and advisors, and receive constructive feedback and suggestions for improvement.