Industry: Music & arts

No profits, no loans: How to survive

November 9, 2009: 5:18 PM ET

Finding alternative revenue streams is a necessity for business owners trying to weather the recession.

Kyle, Sarasota, Fla.
We've run a dinner theater for three decades, and make most of our money during the tourist season between Thanksgiving and Easter. The rest of the year our audience is local residents. We've been operating at a loss for the last couple of years, and are unable to get a bank loan. We own the land and the theater building, and have put them up for sale with no success. We even closed the theater for two months this summer to save money. We don't know what to do.

More

Posted in:
  • The fair way to set employee salaries

    Not sure if you're underpaying or overpaying? Third-party salary surveys can help.

    Thomas, San Francisco
    I have a video production company with five full-time editors. I'm always stressed thinking I'm either overpaying them and I'm going to go broke, or underpaying them and am going to lose them and/or they're going to get resentful. Because of this, I realize I manage them nervously, which is not good management. How MORE

    Jul 16, 2009 12:39 PM ET
  • Outside-the-box marketing

    Jesse Placencia, Photogenic Arts, Fort Worth
    I own a small photography business and I am looking to try and reach a large market cost effectively. I have tried sites like Craigslist.org and placing ads in newspapers but it's just not working. When using Craigslist, people are too cheap and when using newspapers advertising costs are too expensive to keep the ad going consistently. I was wondering if anyone out there can MORE

    Oct 27, 2008 9:50 AM ET
  • An office on wheels: RV tax breaks

    An entrepreneur's query: Can I write off expenses for a roving business office?

    Jim Fong, State College, Pa.
    I am thinking about purchasing an RV to use as a business office as I travel around the country for a few months to gather information to write a book. Can I only write off the mileage, or can the purchase of the RV be depreciated just like any other vehicle? I certainly don't MORE

    Oct 21, 2008 9:11 AM ET
  • Can I get a loan after bankruptcy?

    Dayzon Johnson, CEO, Ice Cold Music, Clarksville, Tenn.
    I own an independent record label that I started two years ago. It's growing quickly, and I'd like to get a bank loan to help me expand. But I have a bankruptcy on my personal credit record. Will this make it impossible for me to get bank credit for my business?

    Sep 30, 2008 9:35 AM ET
  • An entertainment business eyes worldwide expansion

    Should this owner seek out international investors to grow his business?

    Jean Luc Gaudry, Los Angeles
    I have a unique music Web site on which one can find listings of shows, bands on tour, clubs and venues. I have two questions. I am looking for some investors - what are the biggest mistakes entrepreneurs make when they decide to add an investor to their company? Also, I want to MORE

    Jul 3, 2008 11:33 AM ET
  • Translating your company around the world

    Translation software may have let you down, but there are other options for crossing the language barrier.

    Sid Smith, The International Art Materials Trade Association, Huntersville, N.C. As an avid reader of Fortune Small Business, I zeroed right in on the March 2008 story "Goodbye Language Barrier?," only to be disappointed in the answer, that current software packages are still very poor in doing electronic translations into other languages. MORE

    Jun 30, 2008 10:05 AM ET
  • How to go global

    An Indian textile business checks with Ask FSB's experts for advice on international expansion.

    Abhiram, New York City I have a handloom and textile business in India and I would like to start an import/export business in New York City this year. Can you suggest a good book on how to get started and be profitable? I want to start with the least burden. I want insight into the problems, and MORE

    Jun 20, 2008 10:09 AM ET
  • How to make your Web site more accessible

    Our experts suggest fixes to make a Web site usable by visually impaired Web surfers.

    Linda Rhodes, Express Framing and Stained Glass
    I operate a small framing and stained glass business and art studio in a rural area of West Virginia. I want my Web site to be accessible to the entire community. Recently, a severely visually impaired individual inquired about artwork in our gallery. We fall short when it MORE

    Jun 18, 2008 10:30 AM ET
  • What is my business worth?

    Reader Claire wants to sell her piano school. Do you have any advice for Claire? Share it here.

    Apr 17, 2008 6:02 PM ET
Search This Column
View all entries from this: Week, Month
Powered by WordPress.com VIP.