August 30, 2014  
 
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Opening an Art Gallery

Starting an art gallery can get you on the path to a secure financial future if you do it right. We offer tips and advice that instructs you on how to start your business.

This article includes our relevant recommendations on starting an art gallery.
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Business Plans for an Art Gallery

One of the worst mistakes you can make as a new business owner is to not create a business plan.

A good business plan defines the game plan. The absence of an effective business plan inevitably results in impulsive leadership, limiting your art gallery's ability to succeed long-term.

Before you make another business decision and before you start writing a business plan, you need to create a mission statement. With a carefully crafted mission statement in place, you can begin to build on it with goals, budget estimates, marketing plans and other elements that are typically found in startup business plans.

Evaluate Competitors

Prior to launching an art gallery in your area, it's essential to find out what the competition looks like. We've provided the link below to help you get a list of local competitors in your area. Simply enter your city, state and zip code to get a list of art galleries in your town.

How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.

Find Good Remote Business Advice

If you want to open an art gallery be sure to learn from folks who are already in business. Local competitors are not going to give you the time of day, mind you. Why would they want to educate a future competitor?

However, an entrepreneur who owns an art gallery on the other side of the country will be much more likely to talk with you, as long as they don't view you as a competitive threat. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.

Where does one find an owner of an art gallery who is willing to talk to you but doesn't live nearby?

Here's one way to do it. Just use our link below, find somebody and call them.

Benefits of Buying an Art Gallery

On a percentage basis, more entrepreneurs intend to enter art gallery ownership through a startup than through a business purchase. However, many new entrepreneurs aren't experienced for the rigors of a startup operation.

The decision of buying vs. starting a business shouldn't be taken lightly. By buying a profitable art gallery, you'll shorten the amount of time it takes to achieve a return on your investment because you'll have the advantage of a proven operation and an existing customer base.

Is Franchising the Right Option?

You should know that your odds of surviving in business greatly improve when you opt to franchise in lieu of doing everything yourself.

Before you get too far along in your plan to open an art gallery, you ought to check out whether purchasing a franchise might simplify your entering the business.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

Related Articles on Starting a Company

These additional resources regarding starting a business may be of interest to you.

Buying vs. Starting a Business

Coming Up With Good Business Ideas


Conversation Board

Have something to say about opening an art gallery? If so, please add a comment below.

highmont 8/21/2010

I recently joined a gallery that advertizes itself as a co-op. It is privately owned and charges a monthly membership dues fee plus a commission when the work sells. Their is no board of diretors and the members have no involvement with the running of the gallery. Is it legal to call it a co-op when it is really not?

Ken Gaebler 8/25/2010

Highmont, not sure. I'm not a lawyer but I don't think co-op is a legal phrase, so my thinking is that it's ok for them to do business with co-op in their name. Legality aside, it's a bit deceptive and unethical to run a fake co-op if customers think it's owned by the artists when it really is not.


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Already Own an Art Gallery?

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