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This is the bit of making a living from art that nobody likes to engage with – the finances. But, in the long term, it’s much better to be on top of them. Being on top of your finances might involve a bit of paperwork and planning, but not being on top of them might involve going broke. I don’t know about you but I prefer the first option to the second.
So with this in mind, I caught up with Mike Denford. Mike’s a CPA with years of experience working in and around finance in all kinds of businesses. He’s a mentor in Mentoring In the Arts Program run by The Big Idea in New Zealand. Here’s the insight Denford gave me about handling the finances as an artist.