Mon, 16 March 2015
About: Andrew Mueller - Co-Founder of Mueller + Jacobs
Overview: Through their love for creativity and art, Andrew and his business partner started a company as Fine Art Advisors. During this interview, we learn more about Andrew's background and how quickly the company has grown since they started in October 2014. Andrew also shares some unique advice for entrepreneurs around the world.
What is Mueller + Jacobs: [From their website] "Through our fine art acquisition consultancy, Mueller and Jacobs positions clients as industry leaders, promotes client branding, allows them to make authoritative investments and to become part of a contemporary art dialogue. Their clients range from start-up companies, established corporations, to private collectors."
Background: Mueller + Jacobs launched in October of 2014, even though Andrew did not want to officially launch until March, they immediately began making sales, and Andrew is extremely busy working with clients. Currently, Andrew is working another full time job, while running this company. He received his Bachelors Degree in Art History from Penn State. In 2002 Andrew moved to New York and became an Admissions Director at an MFA program for about 13 years. From there, he worked as a consultant for higher education- and has since left that to pursue advising.
Challenges: Artists can be very particular about their work, and who their work is featured next to, and that has proven to be a difficult challenge for Andrew as he works with these artists and advising for his clients. Another challenge Andrew wasn't anticipating was the money aspect- branding is expensive and he has found it hard to cut costs to have the funds needed to run the company. Andrew also notes that his social life has become almost non-existent because of the work it takes to make his company run smoothly.
Future: Andrew would like to keep the company size the way it is for at least the next three years. And he plans to jump ship from his 9-5 job in April. He's been saving what funds he can to put towards the branding of his company- which he feels is very important for the success of his company.
Revenue: Although, they have only been in business for a few months, their revenue is already around $50,000. Andrew believes that once they are working the company full time, the potential is massive. Their goal for the end of this year is be around $300-$400k profit.
Style/Aesthetic: Mueller + Jacobs has a wide array of styles, but they'd really like to focus on finding artists locally in New York City to help boost their businesses.
Advice for Entrepreneurs: Don't be afraid to ask for favors. Andrew has found that by asking his friends and family for favors, he's been connected to some great contacts who have helped get him where he is today.
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