An awfully pretty little BUSINESS EXPENSE

All of my frugal domestic tasks and money discipline cannot make up for the large purchases that I occasionally make in the spirit of improving my performance on stage. In other words, I bought a guitar this week and my husband is planning to purchase “new” used PA speakers. This very quickly puts us in the negative for my goal of $12,000 this year. Why would I do that?

My acoustic guitar is a really great instrument. It is an Eastman AC312 that I chose from when we owned a music store. It does not have electronics, so I use a Seymour Duncan Woody sound hole pick up. This works pretty well in some circumstances but does not work sufficiently when I play with a loud band. I needed to upgrade my equipment. I’m not one to do this quickly. I have been punching my washing machine for months during every load of laundry to get it to keep working. I say, why replace or repair something that can be easily fixed with a punch? Yes, it is a hassle, but it doesn’t really mess up my life. My clothes are clean and I am just a tiny bit inconvenienced. My guitar, on the other hand, can be a major nuisance in anything other than an acoustic setting, so I was forced to upgrade. I opted to buy an entirely new guitar instead of having a pickup installed, and I put it off for as long as possible.

She's an awfully pretty little BUSINESS EXPENSE.

She’s an awfully pretty little BUSINESS EXPENSE.

I am now the proud owner of a Taylor GS Mini-e RW. It plugs in. It sounds good. It feels great. It is even a smaller scale which works fantastically with my tiny hands. It came with a hard gig bag and was purchased from Guitar Center with a 12% off coupon plus RI tax of 7%. [Business Expense $565] I may or may not sell my Eastman. It is always good to have a backup in case of broken strings, but I have an electric I could use.

The PA speakers we are looking at are a really good name brand and are smaller than the ones we have now. We are considering new PA speakers for the same reason one might buy a snowblower one year. The ones we have are incredibly heavy for me. I’m not a super strong girl, so I have a great deal of trouble setting these up. They are great Peavy SP5G speakers and can handle my band. We plan to sell them after we purchase the new ones, but they will work fine in my practice space in the meantime. The new speakers will also be easier to transport. We won’t have to play car Tetris every time we try to go to shows as a family. This expense hasn’t happened yet, so I am not going to count it.

I played a tiny show last night as a feature at an open mic. I made $47 in tips and sold seven CDs. I am going to count CD sales as both an income and an expense. That way, when I restock, I don’t have to count them as a major blow. I will not count the cost of recording. I spent a LOT of money to get the equipment and software to record my own album before giving up and passing my already done work onto a great producer and engineer to complete. All together that cost me about $6000 and I will have to sell 911 CDs to make it back. So I am not going to count that. I will count the $2.77 that each CD costs me to print and will continue to cost me to have printed again. If I ship one CD, it costs me an additional $3.07. I pay 7% retail tax also. So a $10 cd makes me about $6.58 ($10-$0.65 tax and $2.77 cd cost). Last night I sold seven, so my total income for the night was $93.

Current total business expense $565
Current total income $93
Balance -$472 (and a guitar)

Still not a bad start. I have been told that most businesses take two years to make a profit. Since my blog about my skills, I have also gotten some interest in my web design, tons of social media attention and have partially learned and organized eight cover songs. I have fourteen left to go before I can get money maker gigs.

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