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Financial Modelling Tool for Artists

As an independent artist or creative entrepreneur, managing your finances and planning for the future is essential. Brixx provides the financial tools you need to track your income, expenses, and growth opportunities – helping you make informed decisions to sustain and expand your artistic career.

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Financial Forecasting for artists

Model your independent artist business in Brixx - see how quickly your finances can make sense!

We are working on creating this template in Brixx. Although it isn’t available just yet, you can follow the guidance below to help get started. If you need any further assistance, don’t hesitate to get in touch – we’re here to help!

Project Setup

  • Project name: Independent Artist Business
  • Time period: Monthly (ideal for tracking cash flow, commissions, and project-based income)
aristry business - project name in Brixx

Income Components

  • Component: Art Sales
    • Sub-components:
      • Original Paintings – 2 sales/month (£1,500 each) = £3,000/month
      • Limited Edition Prints – 10 sales/month (£50 each) = £500/month
      • Digital Art Commissions – 3 commissions/month (£300 each) = £900/month

 

  • Component: Exhibition & Event Income
    • Sub-components:
      • Gallery Exhibition Sales (Annual event, £10,000 total) = £833/month
      • Art Fair Sales (Biannual events, £5,000 each) = £833/month

 

  • Component: Teaching & Workshops
    • Sub-components:
      • Online Course Sales – 20 enrolments/month (£75 each) = £1,500/month
      • In-Person Workshop Fees – 5 workshops/year (£500 each) = £208/month

 

  • Component: Other Income Streams
    • Sub-components:
      • Patreon / Memberships – 50 subscribers (£10 each) = £500/month
      • Merchandise (T-shirts, prints, stickers) – £600/month
      • Sponsorships (One-off deals or brand partnerships) – £2,000/year (£167/month)
artist income component example

Expenditure Components

  • Component: Materials & Production Costs
    • Sub-components:
      • Art Supplies (Paints, canvas, brushes) – £500/month
      • Printing Costs (Limited Edition Prints) – £150/month
      • Shipping & Packaging – £200/month

 

  • Component: Business & Marketing Expenses
    • Sub-components:
      • Website Hosting & E-commerce Subscription – £30/month
      • Advertising (Social Media, Google Ads) – £300/month
      • Photography / Portfolio Management – £50/month

 

  • Component: Studio & Workspace Costs
    • Sub-components:
      • Studio Rent – £800/month
      • Utilities (Electricity, Internet, Water) – £150/month
      • Insurance (Studio & Artwork) – £50/month

 

  • Component: Administrative & Professional Services
    • Sub-components:
      • Accountant & Legal Fees – £1,200/year (£100/month)
      • Software (Adobe Creative Cloud, Accounting Software) – £50/month
artist expenditure component example

Asset Components

  • Component: Fixed Assets
    • Sub-components:
      • Studio Equipment (Easels, tables, storage) – £5,000 (depreciated over 5 years)
      • Digital Tools (iPad Pro, stylus, computer) – £2,000 (depreciated over 3 years)
      • Artwork Inventory (Unsold original pieces valued at £20,000)

 

  • Component: Current Assets
    • Sub-components:
      • Cash Reserves – £10,000
      • Accounts Receivable (Outstanding payments for commissions) – £1,500
artist asset component example

Funding Components

  • Component: Initial Investment
    • Sub-components:
      • Personal Savings Investment – £10,000
      • Crowdfunding Campaign – £5,000 raised

 

  • Component: Grants & Sponsorships
    • Sub-components:
      • Arts Council Grant – £3,000
      • Brand Partnership (Annual funding deal) – £2,000

 

  • Component: Business Loans (if applicable)
    • Sub-components:
      • Small Business Loan (£5,000 at 5% interest, repaid over 3 years) – £150/month repayment
artist funding component example

Scenario Planning in Brixx

  • Sales Fluctuations
    • Model slow vs. peak seasons (e.g., Christmas art sales boost vs. summer slowdown).

 

  • Pricing Changes
    • What happens if print prices increase by 10%?

 

  • Funding Growth
    • Test the impact of taking on additional sponsorships or grants.

 

  • New Revenue Stream
    • Model the impact of launching an NFT collection or digital-only artwork.
artist scenario component example

Dashboard & Reporting

  • Cash Flow Report
    • Visualise cash inflows from commissions, print sales, and exhibitions vs. expenses.

 

  • Balance Sheet
    • Track artwork inventory and fixed asset values over time.

 

  • Profit & Loss Statement
    • Display total revenue, cost of goods sold (materials), and net profit.

 

  • Key Metrics
    • ROI on exhibitions, revenue per customer, cash burn rate.
Start forecasting today in Brixx
artist business dashboard component example
financial forecasting tool for artist businesses

Who can use this Brixx template?

  • Independent artists
  • Freelance creatives
  • Small creative businesses

Brixx is a great tool for:

  • Artists managing their financial planning, budgeting, and project funding
  • Creative entrepreneurs tracking revenue from multiple income streams
  • Freelancers forecasting earnings, expenses, and financial goals

What are the benefits to independent artists?

  • Tailored to creative professionals, covering project-based income, commissions, merchandise, and passive revenue
  • Easily model cash flows, expenses, and potential funding sources
  • Gain insights into profitability and sustainability of your artistic business
  • Assess the impact of new revenue streams, such as selling art, licensing work, crowdfunding, or digital sales
  • Receive immediate feedback when projecting different financial scenarios like pricing changes, new collaborations, or funding opportunities

Strategic forecasting in Brixx

  • Planning for fluctuations in income from commissions, gigs, and sales
  • Demonstrating financial projections to secure grants or investment
  • Budgeting for materials, studio space, marketing, and other business expenses
  • Anticipating financial needs for launching new projects or expanding your business
  • Evaluating the impact of different pricing strategies on overall revenue
See all Brixx Solutions
A financial forecasting template that is specifically structured for Yamaha dealerships.

"It was a really nice exercise to see with my own eyes how money flows in and out of the business in Brixx."

Ainhoa, Yoga with Ainhoa

Get started with the best financial projection software - today!

Financial modelling software is essential for independent artists and creative entrepreneurs. By forecasting income and expenses, you can gain a clearer picture of your financial landscape and make informed decisions about pricing, investment, and business growth.

With over 20 years of business modelling experience, Brixx provides a trusted solution to help artists navigate the complexities of financial planning. Whether you’re funding a new project, scaling your creative business, or simply gaining better control over your finances, Brixx empowers you to build a sustainable and thriving artistic career.

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