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Ilise Benun - The Creative Professionals Guide to Money: How to Think About It, How to Talk About it, How to Manage It

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Ilise Benun The Creative Professionals Guide to Money: How to Think About It, How to Talk About it, How to Manage It
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Creatives are great at doing their creative work, but when it comes to running the financial side of their business, most will quickly tell you that theyd rather not. Talking about money is, for the most part, still taboo. This book focuses on proven techniques and resources used by successful creatives, providing a collection of tools and ideas that address financial questions common to a wide range of creatives. Expert advisors are interviewed on topics such as accounting, taxes, contracts and financial planning. This title uses examples, case studies, and real-life stories from actual creatives.

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THE CREATIVE PROFESSIONAL'S
GUIDE TO
MONEY

How to think about it. How to talk about it.
How to manage it.

Ilise Benun
founder of
Marketing-Mentor.com

The Creative Professionals Guide to Money How to Think About It How to Talk About it How to Manage It - image 1

THE CREATIVE PROFESSIONAL'S GUIDE TO MONEY. Copyright 2011 by Ilise Benun. Manufactured in the United States of America. All rights reserved. No other part of this book may be reproduced in any form or by any electronic or mechanical means including information storage and retrieval systems without permission in writing from the publisher, except by a reviewer, who may quote brief passages in a review. Published by HOW Books, an imprint of F+W Media, Inc., 4700 East Galbraith Road, Cincinnati, Ohio 45236. (800) 289-0963. First edition.

For more excellent books and resources for designers, visit www.howdesign.com.

Distributed in Canada by Fraser Direct, 100 Armstrong Avenue, Georgetown, Ontario, Canada L7G 5S4, Tel: (905) 877-4411. Distributed in the U.K and Europe by F+W Media International, Brunel House, Newton Abbot, Devon, TQ12 4PU, England, Tel: (+44) 1626-323200, Fax: (+44) 1626-323319, E-mail: postmaster@davidandcharles.co.uk. Distributed in Australia by Capricorn Link, P.O. Box 704, Windsor, NSW 2756 Australia, Tel: (02) 4577-3555.

Library of Congress Cataloging-in-Publication Data

Benun, Ilise, 1961
The creative professional's guide to money / Ilise Benun.
p. cm.
Includes index.
ISBN 978-1-4403-0243-5 (pbk.: alk. paper)
eISBN 13: 978-1-4403-1519-0
1. ArtistsFinance, Personal. 2. Self-employed--Finance, Personal. 3. Small businessFinance. I. Title.
HG179.B423 2011
332.024--dc22

2010045261

Edited by Amy Schell Owen Designed by Grace Ring Cover photography - photo 2

Edited by Amy Schell Owen
Designed by Grace Ring
Cover photography iStockphoto.com/DLeonis

Production coordinated by Greg Nock

ABOUT THE AUTHOR

Ilise Benun is an author consultant and national speaker founder of - photo 3

Ilise Benun is an author, consultant and national speaker, founder of Marketing-Mentor.com, and co-producer of the Creative Freelancer Conference.

Her books include The Designer's Guide to Marketing and Pricing (HOW Books), Stop Pushing Me Around: A Workplace Guide for the Timid, Shy and Less Assertive (Career Press), Self-Promotion Online (HOW Books), Designing Web Sites://for Every Audience (HOW Books) and The Art of Self Promotion. She also co-authored Public Relations for Dummies, 2nd Edition (John Wiley & Sons) with Eric Yaverbaum and Bob Bly.

Her work has been featured in national publications such as HOW magazine, Inc., Self, Essence, Crain's New York Business, Dynamic Graphics, Working Woman, The New York Times, The Globe and Mail, The Washington Post, The Denver Post and more.

Benun has given presentations for international organizations, including the American Marketing Association, Business Marketing Association, National Association of Women Business Owners, HOW Design Conference, Freelancers Union, AIGA, Graphic Artists Guild, Registered Graphic Designers of Ontario, Advertising Photographers of America, American Society of Media Photographers, Editorial Freelancers Association, New York Public Library, NYU Entrepreneurship Summit, 92nd St. Y and many ad clubs around the country.

From her home office in Hoboken, New Jersey, Benun spends her days coaching creative professionals who are serious about growing their business, one-on-one and in small groups. She started her business in 1988 and has been self-employed for all but three years of her working life. She has a B.A. in Spanish from Tufts University. For more infomation, please visit: www.marketing-mentor.com.

ACKNOWLEDGMENTS

Writing is thought to be a solitary activity, one person alone with a blank piece of paper (or a blank screen these days, although I still like paper). But that's not how this book was written. This book represents my most collaborative effort to date. I sought out as many people as would agree to participate, and they were, in the end, numerous: from clients who shared their experiences and stories with me to subject matter experts, whose ideas I absorbed as we talked. They all shared perspectives that complemented, strengthened and sometimes also conflicted with my own.

I can't list everyone here but I will try. It all started with a conversation between me and Peleg Top, my co-author of The Designer's Guide to Marketing and Pricing. Our friend Tom Tombusch of Wordstream Copy drafted the first proposal. Amy Owen and Megan Patrick at HOW Books helped us shape it, accepted it and then trusted me to deliver when it started to morph into something else entirely. Thank you both for your trust.

During the research phase I talked to colleagues and industry professionals who took the time to share their experiences, including Susan Chait, Emily Cohen, Monique Elwell, Cameron Foote, Galia Gichon, Rick Gould, Kit Hinrichs, Lee Jacobson, Maya Kopytman, JP Lacroix, Dana Manciagli, Frank Marciano, Jennifer Neal, Mona Patel, Shel Perkins, Jean Perwin, Jennifer Rittner, Lee Silber, Michael Steger, Andy Strote, Mikelann Valterra, Petrula Vrontikis, June Walker and Jon Weiman.

Near the end of the writing phase, my ad hoc editorial team read pages of unfinished thoughts and sent me their comments and, in one case, went over them with me, line by line. Those generous people were Jonathan Cleveland, Doug Dolan, Nina Felshin, Galia Gichon, Aaron Joslow, Dana Manciagli, Patrice Robertie, Rhonda Schaller, Alan Seiden.

There were a few who went further: Dyana Valentine, the worksheet queen, got out of her sickbed one Saturday morning to brainstorm better worksheets. Besides everything he'd already done, Doug Dolan was on call near the end of this process to stop everything he was doing to give me feedback on a new idea for the introduction. And James Tricarico gets a month of homemade dinners in exchange for hours spent explaining accounting basics to me.

I have come to depend on the F+W Media gang as we work on more projects together and their effect on my business deepens. In fact, I realize that if it weren't for this almost twenty-year association with F+W, a lot of the people I cite above wouldn't have found their way to me in the first place. So a big thanks for any peripheral (and future) support that has seeped into this book project goes to Bryn Mooth, Beth Dean, SueAnn Stein, Larry Zimmer, Cory Smith, Gary Lynch and Kate Rados.

Also at F+W Media and mostly behind the scenes has been book designer, Grace Ring, who I trust to take my words and make them easy to read. And, of course my editor, Amy Owen, who has shepherded this project through with patience and encouragement.

I certainly wouldn't be where I am today without my support system behind the scenes: copywriter extraordinaire, Deidre Rienzo (you're the best!), Kathleen Harrington and David Tornabene, Cathy Baehler, Pamela Strell, The Haas Family, Maria McKenna, Luz Ossa, Dr. S and all of my sisters.

It's new for me to be grateful to so many people for so much, but I am truly awed and humbled by the generosity of everyone who contributed to this book, whether you knew it or not.

I thank you all.

ABOUT MARKETING MENTOR

Marketing-Mentor.com is a resource for creative professionals who are serious about growing their creative business. We help you focus on pricing, marketing, time management and general business development, plus how it all fits into the rest of your life.

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