Showing posts with label business matters. Show all posts
Showing posts with label business matters. Show all posts

Monday, September 26, 2011

Too Much Success: A Multi-Part Series

Guest post by Rena Tom

photo: Rena Tom

"The fortunate people - the truly fortunate - are not so much those who succeed in life as those who succeed in living. There are some who do both; many who do neither, and some who do either one, but not the other. Success in life, so called, can be overdone, but hardly success in living. It seems possible to succeed too much in various lines of attainment, legitimate and sincerely profitable in themselves, but success in living involves getting the most out of life, not in a day or a year or a decade, but in a lifetime. That involves living wisely, and you can't live too wisely."


-- Edward Sanford Martin, "Too Much Success", 1908

Jan asked me to start a conversation about a topic that is multifaceted and complex, yet not often broached online. There are plenty of articles on making your business more successful, but let’s look at the other side. Can you be too successful? And if so, what can you do about it?

As a creative entrepreneur, you might be thinking, "gee, nice problem to have," but be careful what you wish for. If you are not ready for success, you may end up overworked, underperforming and poorer - financially, emotionally, or both - than when you started.

Today I'm going to talk about success in broad terms, how to measure it and and how to achieve work/life balance. In future posts, I'll cover tactical tips for people who have too much success in their business, and then get into technology-based solutions to increase productivity so you can spend more time being creative and enjoying the fruits of your success with your loved ones.

Defining Success

How do you define success? Is it a specific number of units sold, or a dollar amount at the end of the year? Is it getting into your favorite magazine, or being featured on your favorite blog? Is it a really nice compliment about your work, or a warm thank you note from a fan? Or perhaps it's being able to make enough money to stay home and be with your family.

Everybody has a different definition, and the trick is to recognize your own standards and not get sucked into trying to achieve goals that other people set for themselves. Competition can be rather insidious, as this thoughtful article on design*sponge touched on. Focus on your own needs and stop wasting time thinking about the other guy!

To craft your definition, you should take your business goals and blend them with your personal goals. For the former, these tips break things down very nicely, and for the latter, I love how Mighty Girl formulates and achieves her life list. Review your goals at least once a year to see how you've done and also to see if the goals still hold true.


Achieving Balance

If you have hit a lot of your business goals but are still unsatisfied, maybe it's time to address your work/life balance. I talked to Meighan O'Toole who writes the fantastic contemporary art blog My Love for You is a Stampede of Horses. She recently made the decision to cut back on her blogging to three days a week (Monday/Wednesday/Friday).



Meighan O'Toole of My Love for You is a Stampede of Horses

Meighan also has a full-time job that she enjoys and wants to keep, which is sometimes the case – not everyone wants to quit their day job! Finding the sweet spot between hobby and full-blown business can be challenging, and is one instance where too much success with your creative endeavor can be a problem.

Meighan’s new strategy is "to cover the best of the best [to] set me apart from the hundreds of art blogs that have started in the past 2 years" and to stop "posting and posting - trying to keep up with the Joneses." We talked about burning out from trying to post so often and how the decision to go for quality instead of quantity is both less time-consuming and more satisfying.

She now schedules her week to allow time for both work and play, and focuses on her writing on Tuesday, Thursday and Sunday. On the other days she might do a studio visit but otherwise sees her friends, goes to the gym, et cetera.

Here are a few tips Meighan wanted to share:

  1. Take a minute and enjoy your life in the moment. Refuse to 'capture the moment' to put online.

  2. Make sure you get out & see people, get inspired. The book The Artist's Way says you must continually refill the well to keep putting out creative vibes. If the well dries up, so do you.

  3. Take one day, maybe every week - maybe every two weeks - and do nothing job-related. Read a book, do something nice for yourself like a massage, sleep, watch bad movies. Stay still & let the world come to you for once. DO NOT open your laptop on that day.

I know that monitoring your business 5 (or 7) days a week is still a requirement for many of you, but Meighan's advice to not always frame your actions in a business context is solid. Business may be a very large part of your life, but it is not your entire life. Why be successful if you don't have time to enjoy it?

How do you balance the demands of your business with maintaining your personal life? Do you worry too much about what your competitors are doing? Do you feel successful?

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Rena Tom is a retail strategist for creative business owners. She previously owned Rare Device, a boutique and art gallery with locations in New York and San Francisco that was renowned for its carefully edited collection of design objects, books, housewares and accessories, and for supporting small, innovative designers and artists whose work was not easily found in stores.  Rena blogs about personal projects as well as retail trends and small business tips at renatom.net.. She lives in San Francisco with her husband and baby boy in an apartment filled with too many laptops, Sprecher root beer, half-finished craft projects and overdue library books.


New Mini Series Guest Blogger: Rena Tom

photo credit: Hula Sevent
Earlier this month Katie of The Wheatfield suggested a blog post for Poppytalk on being overwhelmed as an independent artist/entrepreneur.  As she mentioned, many are sure to be in this boat and she'd love to hear from others about dealing with the stresses of running a successful business.

I couldn't agree with her more.  And as I thought about this, I instantly thought of Rena Tom.  Rena recently started her newest business as a retail strategist for creative business owners, and having previously owned the successful boutique and art gallery, Rare Device with locations in New York and San Francisco along with being a new mom, I thought she might have some great advice with respect to this question. 

Please follow Rena here in a mini series as she starts a conversation starting today about balancing success.  She'll explain more in her post but I just wanted to say how excited I am to have her joining us and I definitely recommend visiting her new site where she covers so much more with respect to running a business both on and off line.  She has a lot of knowledge to share and executes explaining it so well as you'll see (if you haven't found her already).  So please join me in welcoming her, with her first post following shortly.


A little bit about Rena:

Rena Tom is a retail strategist for creative business owners. She previously owned Rare Device, a boutique and art gallery with locations in New York and San Francisco that was renowned for its carefully edited collection of design objects, books, housewares and accessories, and for supporting small, innovative designers and artists whose work was not easily found in stores. For this work, she has been featured in publications like The New York Times, The Wall Street Journal, Lucky, Real Simple, Food and Wine and Martha Stewart Weddings as well as on many design blogs and newsletters. She has contributed an interview to Craft Inc.: Turn Your Creative Hobby Into a Business, and has been a juror for the AltCraft section of the American Craft Council Show.

Previously Rena operated a successful jewelry design and wedding invitation design business and was a web content management consultant. She remains an avid crafter, and blogs about personal projects as well as retail trends and small business tips at renatom.net.. She lives in San Francisco with her husband and baby boy in an apartment filled with too many laptops, Sprecher root beer, half-finished craft projects and overdue library books.

Sunday, September 25, 2011

Guest Post by Rena Tom: Too Much Success Part II

Guest post by Rena Tom

Lisa Congdon

First of all, thank you to everyone who read the previous post and left a comment. It's good to get feedback about this topic, and also to see that it is a common problem when you are a creative business owner. Perhaps I should have titled this series "too busy" instead of "too much success" because I think there are lessons to be learned by everyone who is trying to run a small business.

Meighan gave us a great tip in the previous post - keep a good schedule and stick to it. Here are four more ways to help manage your workload.

Plan Ahead

"I can entirely relate to this. Last holiday season, about a month before Christmas, my Etsy sales quadrupled. It was great the first few days, but after a few weeks of this, I was unbelievably stressed out. I was getting further and further behind -- yet everyone wanted their order delivered asap because it was a gift for Christmas. All I can remember about that month was working, working, and working."

-- Rachel from Elephantine, commenting on the previous post

Contingency planning is a lifesaver, especially for the high season for your work. This is generally the last two months of the year, but if you make wedding-appropriate items or picnic/outdoor supplies, it might be summertime instead. Here are ideas to help you create your plan:

1. Put a 12-month calendar on your wall and try and fill it in as completely as possible. For instance, figure out your drop-dead ship date for the holidays, then work backward from there, adding in vacation dates for suppliers, lead times to get components shipped to you, other events you will be involved in that may take up time (like craft fairs), etc. Don't cut things too close, as bad weather can easily throw everything off; a giant snowstorm can prevent a wholesale order from reaching your store, or a retail order from reaching your customer.

2. Decide if you want to hire help this year, and if so start looking early. Plan to look for more help than you need as some people will inevitably not be able to fulfill their commitment. Figure out a budget to make sure this is right for you. Also write down *exactly* what you expect them to do, and a review process for their work. This lets you avoid awkward conversations later on, and also keeps you from micromanaging people.

3. Find alternate suppliers and shippers for as many aspects of your business as possible. You never know when a company will run out of something you need to fulfill an order, or stop working entirely (see the Canada Post strike going on right now - yikes) and leave you in the lurch.

4. Don't promise what you can't deliver. Customer service is so important for small business owners. If orders are pouring in and you can't fulfill them in the usual amount of time, stop taking new orders if you must, and let your existing customers know immediately,. Some people will cancel and be upset but most will be sympathetic, and even congratulate you on your success. This happened at Rare Device one year and while we lost some money and felt embarrassed, we came out with our reputation intact.

Work Smarter

"Profits flow from businesses that cost-effectively meet their customers' needs—not because a desperate entrepreneur works until midnight seven days a week. No question, when a business is caught in an economic downturn, and especially when key people have been laid off, there are times when you need to work extra hours. But the long-term solution to the problem is to work smarter, not to burn yourself out with 15-hour days."

-- Bethany Laurence, Save Your Small Business (Nolo)

"For me the harder part to becoming more 'successful' is making some of the larger decisions about growth. Do I just keep upping my prices so I sell less and have to make less? Do I get more help in the studio to make more? Do I get a larger studio to accommodate more production or out-source some of the production?"

-- Heather from Dahlhaus, commenting on the previous post

Look at your business plan every 6 months, or every year at minimum. If you don't have a business plan, try to at least set goals for 1 to 3 years out, and also write a mission statement for your business, and a statement listing the values that are important to you and your business. Revise the plan as necessary - your requirements and feelings and interests will change!

These documents will help guide your decision-making about how much money you want to make, if you prefer to make everything yourself or if you want to step back to a designer role and have other people produce for you, what kind of stores you want to be in, or what kind of customer you want to attract. It will also prevent that uneasy feeling you get when you feel like you are doing something out of character, or not true to the vision you first had when making a product, or selling a certain kind of goods in your store.

Learn To Say No

My former business partner Lisa Congdon had a heck of a schedule in 2010 and early 2011. Besides running Rare Device with me, she had numerous, labor-intensive book illustration jobs, group and solo art shows and even published her first book! However, it was starting to take a toll on her. She says:

My career as an artist was taking off, but at what cost? As much as I tried to exercise regularly and take care of myself, I often felt run-down and awful (mentally and physically), and my time with my partner and friends was seriously compromised. I was working 6 days a week, sometimes 12 hours a day for nine months. Something had to change! I made a goal that 2011 would be different.

I am focused now on returning to balance in my life. I realized that one of the great things about being self-employed is that I get to be the boss and make decisions that are the best for me. This includes not saying yes to every illustration job that comes my way or to every publicity or interview opportunity. Every time an opportunity comes my way, I weigh the costs and benefits before committing. I often turn off the Internet at my studio so I can focus on painting without distractions. I'm including regular exercise and a healthy diet and plenty of sleep. I still work a lot and I still occasionally pull late nights, but I'm focusing on maintaining a thriving art + illustration practice that also allows me down time for fun and relaxation.

Be strategic with your yeses. It can be very hard to say no to people and projects, especially if you are starting out, but once your business is underway, evaluate what saying yes will mean in terms of what you will get out of it. Reasons to say yes:

Is it fun? Will I learn a new skill? Is there a measurable benefit, or are you at least banking goodwill that will benefit later on? Does it further a cause or mission that I believe in? Is there a lot of money involved? (Let's be honest: that can be a valid reason.)

If none of the above applies, go ahead and say no. You can always find a way to turn someone down gracefully, or say "not now", leaving the door open for an opportunity at a later time.

Slow It Down

Even though you are an entrepreneur, slow growth or no growth is a viable strategy. You might have a plan that allows you to make a certain amount of money but also build community, offer great customer service and retain the values that were part of your decision to be in business in the first place - and that's great! Don't get caught up with anyone's ideas of success except your own.

If you look at your numbers and have not met your goals, you are still in a growth phase, but if you are making a profit and are happy with your standard of living, perhaps you don't need to think about taking on a trade show or creating new product designs just because you "ought" to. This New York Times article talks more about some business owners choosing to stay small, and this insightful post about growing a graphic design business (or not) can be applied to other creative fields as well.

Interview with Kelly Lynn Jones

Kelly Lynn Jones - Little Paper Planes

This is a long, long post but I wanted to leave you with an interview with Kelly Lynn Jones, an artist and also founder of Little Paper Planes. Since 2004, LPP has been assisting artists in their careers through prints, publishing, curatorial and licensing projects. I met Kelly when we were both selling at a craft fair in Oakland about a zillion years ago. She is one of the busiest people I know and she was kind enough to take time and answer some questions I had about her business, her life outside of work, and how she separates the two.

>>What are the projects you are involved in right now?

I just finished a couple of huge projects which included a book deal with Chronicle Books, preparing for and attending the Surtex Licensing Show, launching the new LPP website which was a year in the works, and lastly moving studios for both LPP and my own practice. We rented a storefront in Oakland and had to do all the demo and build out of the space so it was an intensely laborious experience. All of the above happened at the same time over 3 months.

Right now, I am trying to decompress from that, though I am always moving forward. I'm working on some potential licensing deals for some of my artists, working on the next exhibition for LPP which opens online on the 19th of July. I am working on the very first product line for Little Paper Planes; it is a line of leather accessories. For my own practice I am working on a collaborative project with Collin McKelvey that is for the gallery Sight School in Oakland as well as a video that will be screened at the INDEX Festival in NYC in August. Lastly I am working on an upcoming show for my own work at The Lab in San Francisco in August.

>>Is this the busiest you've been or can you tell me about a previous time that stressed you out?

HA, no, this is how my life is always, or at least for 12 years. I am always juggling at least 3 projects at a time. When I lived in LA, I was having a bunch of exhibitions for my own work, manufacturing and designing a clothing line, running Little Paper Planes and waitressing. During that period I realized it was all too much and that's when I decided to give up the clothing line. However, the following year I started graduate school so all the craziness came back in full swing.

>>What are some methods you use to get a handle on all that you have to do?

I don't think I have figured out the best method. I am not going to lie, I get stressed and completely overwhelmed and question everything, though I also like the hustle and trying out lots of various projects. In the past year, I have been trying to set boundaries for myself - of course I often break them. I only work on LPP stuff Mon-Fri and have to stop by 5:30. As far as my own practice goes, I schedule 3-4 days a week to work on stuff whether it's researching or making. I do well with deadlines and schedules. For me, it's the only way I can fully balance all I do. I also have a hundred lists. There is a huge satisfaction in crossing off a task that is completed.

>>Do you ever defer requests from people, and how?

Yes. If it something that I do not feel passionate about and I am overextended already, I have to say no, but I always like to keep invitations open. So, depending on the request, I try to make something happen for the future when timing is right.

>>How do you prepare for what you know will be a busy time, like holiday orders, or a show opening, or getting press?

For holiday orders, I usually start working on that in early October to get everything in line for the crazy. For a show, I try to give myself a timeline with small deadlines so I can easily meet and manage things realistically without rushing and getting overwhelmed or cracking under pressure. The worst is a creative block. For press, I don't know if I am ever great at press, but I usually send stuff the day of a featured artist or [when I have] something that is worthy of press. I find that in our mass media, fast-paced life, press seems to work better when things are 'right now'. I only send PR packages for press in advance when it is for print, not online.

>>Are you in a growth phase or holding steady right now? Is it by choice? If so, why?

For Little Paper Planes, I think I am always in a growth phase. Since everything I have done is by myself without financial backing, it's a slow n' steady pace. I also am always interested in evolving, as our world is constantly evolving, whether it's through media, economically, artistically, etc. I like to try new ways of collaborating with artists which is the main reason I run my organization.

For my own practice, growth is a must. The moment I feel 100% confident in what I am doing, I have to switch it up. As an artist, I am always searching out new ways to look at the world. I like to be in a state of not knowing and let myself learn from mistakes and failures. I guess this can be applied to running my business as well. The only constant in life is change.

>>Do you feel like you have to do everything yourself, or are you happy to get hire help/get interns?

I battle with this often. I have been running my business for almost 8 years. I have had a handful of interns in the past 4 years. I now have a group of 4 people right now who assist in various operational aspects for LPP. Even though they are all amazing and talented, I do have a problem with wanting to do everything. Maybe that is part of [the business] being my baby. Slowly I am learning to let go, since I know it is important for the growth of the business.

>>How do you stay grounded in your business when it feels like things are getting out of control?

Well, I don't know if I completely know how to fully stay grounded. I am making baby steps in letting go of being such a workaholic. This weekend I am going camping and last weekend I went hiking. So I am actually trying to get more in touch with nature and get out of my immediate surroundings and away from my computer and my phone. I try to make a lot of time for my good friends who are all artists as well. We have potlucks and just hang out and talk about everything that is going on. I feel like I have an amazing support system since we are all trying to make things happen. Also having a partner who understands your lifestyle is so rewarding. I have an amazing boyfriend who tells me daily it's all going to be ok, which sometimes is all you want to hear.

This way of life can at times be crazy, intense and makes me wonder if it's all worth it, but in the end when I go to sleep I know I wouldn't want any other life. Despite always thinking about money and surviving, I think it's all worth it. I think you should only do what it is you're passionate about. There are always sacrifices but getting the opportunity to meet and work with so many artists is truly amazing. I feel so lucky to be surrounded by art and be an artist. It's a wonderful way to navigate this life.

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Rena Tom is a retail strategist for creative business owners. She previously owned Rare Device, a boutique and art gallery with locations in New York and San Francisco that was renowned for its carefully edited collection of design objects, books, housewares and accessories, and for supporting small, innovative designers and artists whose work was not easily found in stores.  Rena blogs about personal projects as well as retail trends and small business tips at renatom.net.. She lives in San Francisco with her husband and baby boy in an apartment filled with too many laptops, Sprecher root beer, half-finished craft projects and overdue library books.

Tuesday, September 22, 2009

Craft Inc. Business Planner



Hey all you crafty business people out there! If you're like me and need a little organization in the "business side" of your life, well it looks like this Craft Inc. Business Planner may just be the ticket. "Packed with advice and tons of handy worksheets, it also has room for writing down everything from long term goals to everyday to-dos. Business card pockets and notepad paper make sure you’re prepared for anything!" Available through Fred Flare. $16.95.


Wednesday, March 18, 2009

Modish Biz Tips


I like to see the new directions my fellow bloggers are taking this year and one who's using her background to help the crafting/art home businesses with her expertise is Jena of Modish who recently launched a new blog called Modish Biz Tips. Her "bright ideas for your creative business" is looking out to be a great place to stop by and pick up some pointers and more from marketing and branding to finding your niche and even interviews "do what you love" from successful artists and entrepeneurs like the one I enjoyed today on Karin Eriksson. With Jena's expertise (she's been blogging since 2006, owned her own jewelry and indie businesses), this should be a good site to bookmark if you're self-employed and seek guidance, inspiration and direction.

modishblog.com/biztips

Saturday, June 28, 2008

How-To (NSS Post Series) at Susy Jack's


Susy of Susy Jack has done a write up on her experience at the National Stationery Show on her blog this past week. She's breaking it down into three parts and the first part she's calling Part 1 - Pre Show. It's a great little write up on topics such as "should you participate", "prepping for the show" and "public relations/advertising" and booth basics. She wrote a nice little part on participating at Poppytalk Handmade which ran tandem with the show. Click here to read Part 1.