My Money Odyssey and the Evolution of Art Biz Success with The Bottom Line (#161)

Aug 30, 2023

In this episode, Allison Stanfield discusses her money odyssey from childhood experiences to building a successful art business. She shares stories about asking for money as a little girl, gaming the system for cash, and starting her own business with little money. She also talks about her income accelerator process for artists and the challenges she faced, including the decline in the art market after 9-11. The podcast covers topics such as childhood experiences with money, lack of retirement preparation, starting an art consulting business, and the importance of work ethic and adapting to change in running a small business.

Ask episode

Chapters

Transcript

Episode notes

Introduction

00:00 • 2min

Alison Stanfield's Journey and Financial Success in the Art Business

02:03 • 2min

Memories of Money and Childhood Experiences

04:01 • 17min

Unpreparedness and Lack of Knowledge

20:47 • 6min

Starting an Art Consulting Business

26:17 • 6min

The Evolution of Art Business Success

32:00 • 12min

Work ethic, adapting to change, and promoting their work

44:26 • 3min

In this episode, I’m doing something different and sharing my money odyssey from an interview with Parker Stevenson of The Bottom Line podcast by Evolved Finance.

I reveal:

How my dad taught me to balance my checkbook (and how it was quite different from my mother’s suggestion).
How I learned to ask for money by collecting money for charities as a little girl.
That I set the curve in my accounting classes at the University of Wyoming.
How I gamed the system to get cash because I knew the checks I was writing would take 8 days to process.
How little money I had when I quit my museum job to start my business.
How I came up with the income accelerator for artists, which I teach in The Money Plan success workshop and Create Opportunities.

⭐️ ABOUT The Bottom Line by Evolved Finance

The Bottom Line by Evolved Finance explores the financial journeys of some of the most successful educators, thought leaders, influencers, and service providers in the online space. Each week, Parker Stevenson sits down with a current Evolved Finance client to talk about their relationship with money and how their mindset has changed as their business has grown.

Parker is the Chief Business Officer at Evolved Finance, an accounting firm that specializes in helping online entrepreneurs to build more profitable and financially stable online businesses. They do all of the bookkeeping for Art Biz Success and I just love how professional their whole operation is.

They don’t just do the books, they also go to great lengths to educate their clients.

🎧 RELATED EPISODES and POSTS

How Do Artists Make Money (ep. 159)

Is Being Too Cheap Hurting Your Art Business?

Creating a Monthly Report for Your Art Business (ep. 74)

🔶 Sponsored by The Money Plan 🔶 a success workshop for accelerating your income.

https://artbizsuccess.com/moneyplan

⛰️ The Art Biz is recorded on the traditional land of the Cheyenne, Arapaho and Ute tribes.

~ ~ ! ATTENTION INDIGENOUS ARTISTS and BIPOC ARTISTS ! ~ ~

This is an invitation to all Indigenous and BIPOC artists, wherever you are in the world, to share your story here on The Art Biz. Here’s how ~~~~> https://artbizsuccess.com/pitch-podcast/