The first thing your probably going to need to establish coming into the Photography Business is your budget.
The amount of funding required to get going, don't think of just photography equipment. You will need a budget for training, travel, website the list will be quite substantial.
Get used to this kind of thinking because it's important to establish your start up and working budget and also the client budgets as you branch out commercially.
Draft up a first year projection P & L and Balance sheet.
Its easy to incur costs and even easier to under price jobs which will reduce your margin. It will be important to perform financially covering all costs now and in the future plus make a living.
Understand the different elements involved in pricing jobs and the value of your work when completed, don't be a busy fool.
If you have never costed your work maybe you should log the time and resources involved, often jobs at the lower end up eating up more resources than you think.
Plan to be successful.
The amount of funding required to get going, don't think of just photography equipment. You will need a budget for training, travel, website the list will be quite substantial.
Get used to this kind of thinking because it's important to establish your start up and working budget and also the client budgets as you branch out commercially.
Draft up a first year projection P & L and Balance sheet.
Its easy to incur costs and even easier to under price jobs which will reduce your margin. It will be important to perform financially covering all costs now and in the future plus make a living.
Understand the different elements involved in pricing jobs and the value of your work when completed, don't be a busy fool.
If you have never costed your work maybe you should log the time and resources involved, often jobs at the lower end up eating up more resources than you think.
Plan to be successful.
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