Turning your hobby into a small business is exciting - but it comes with challenges. One of the first hurdles is properly managing your finances. Setting up a business bank account is one of the most important steps, yet many new business owners make costly mistakes. In this post, we’ll walk you through 6 common pitfalls when opening a business bank account - and show you how to avoid them.

The offer to work for exposure runs rampant in the art world. Being an artist or a small creative business is a career, but artists are constantly asked to work for free. This is called “payment in exposure” or PIE. As a creative, you have probably been lured by opportunities for free exposure, networking, or some other marketing-based benefit.

Having a separate professional art studio can be one of the many dreams of an artist, however renting can be costly, and it’s not just rent that adds up. There are duplicated costs associated with having a studio outside the home. These costs are the things that you often pay for twice when balancing home life and studio life. Some of these double costs are obvious and unavoidable, and others are controllable with careful planning and awareness.