Being an art gallery owner and trying to run a gallery business during a recession may not be as dire as you think. Instead, turn those metaphorical lemons into lemonade.
Worrying about where next month's funds will come from as collectors tend not to buy art during a recession is actually a good time to rethink your life and career priorities. Is your gallery space something you must hold on to no matter what? Can you think of other possibilities?
- Is this a good time to retire? The stress of trying to build a client base and maintaining consistent sales in the brunt of a global recession is a good reason to consider retirement regardless of your age.
When the market is stagnated, it is good time to shift your energies elsewhere. Plus, it may help to reduce your stress levels.
Take a sabbatical. Apply for a research grant to study art in Italy, for example. Take time off for the big art book you've been planning to write.
Perhaps it is time for a new line of work? With your gallery experience and art expertise, you can find art-related work in museums, auction houses, or other galleries.
However, your abilities may not just limit you to the art field, but make you employable in other fields.
List your employable qualities and think about your dream job. Then work towards your goals.
When collectors are not buying art due to a recession, it may be a good time to return to school to update your job skills.
What You Need
- A few hours to think
- Pen or pencil