“I’m going to start a photography business.” If someone tells you that it’s going to be easy, don’t believe them. It’s not easy. It’s not glamorous. It’s hard work. But if you do it correctly—it’s so worth it.
But you’re going to rock it. And we’re here to help. Here are four ways to get yourself started:
Write a killer business plan. Even though it’s just going to you running the show, it’s important that you formalize what you want to do. Structure will soon become your best friend. Understand what you want your place to be in the market and identify your path to making money. Understanding HOW your are going to run your business is as important as setting up your website and filling your camera bag with gear.
Determine your business structure. Do some research and understand the pros and cons of being a sole proprietor, an LLC, a corporation or a partnership. It’s a good time to source out a lawyer to ensure that you are protected as you launch your business. Asking in local photography groups is a great way to find a resource that specializes in small business law.
Make it official. Each state does things a little differently, but you’ll need to get your business set up with the right paperwork. Check your state’s Secretary of State website for how to get started. You’ll need a business license and you’ll need to understand how to register your business to handle any sales tax that you may be required to collect.
Protect yourself. Get some basic contracts or agreements drafted by a lawyer that understands your business. At a minimum, you’ll need to get some basic service agreements together for each type of photography that you plan on providing. Plan on purchasing business insurance. You’ll want to contact your insurance agent to make sure that you have the right kind of coverage for your equipment and enough liability insurance to cover yourself.
A bonus move: #hireiris — when it’s time to get your business started, setting yourself up to succeed with your clients will be one of the most important things you do. Our FREE 14-day free trial is a great way to see how we can help you have a happy and successful business.