The real problem that artists have is that they don't know how to make a business plan. All artists owe it to each other and the craft to be as professional as possible in their day to day lives, in creating their work and in dealing with their clients, galleries etc. My life has been dynamic and self -actualizing, but I was the beached whale from my disability adventure. The concept is different from that which you quote, but working with my feelings to achieve it successfully was a Painter's Key of another sort. There is one more reason that I think artists should not apply for grants or loans.
Art has a value.
The more it is admired by people, the more is its value. The moment a grant is received, the mind of the artist will immediately change. I always felt that grants are not the answer to achieve a goal. Grants are a little bit like prostitution to call it mildly. It bothers me when arts councils push as their justification for existence to be the vehicle to find grants or distribute grants, rather than being the drivers and promoters for the need of the arts as the soul and conscience of society.