3 Big Mistakes When Starting A Business
Are you thinking of starting a new business, particularly in photography? While the prospects of being your own boss are exciting, quiting your day job and taking a leap of faith in your new career can be scary. Here are the three biggest mistakes people make when starting their own photography business explained so you can be sure to avoid them.
1. If you're an amatuer, don't get excited over a few good shots thinking you're now a professional. Photography is a creative art, but it also requires great learned skill that not everyone posesses. Think about your own skills, and gauge whether or not you could spend more time learning before opening your own professional company.
2. Realize that the equipment you probably own as an amateur photographer will not be enough for a professional business. You will have to spend a significant amount of money on professional gear that may end up going to waste if you aren't carefully prepared for your new business. However, be sure not to buy so much equipment that you now lack funds for advertising and promotion.
3. Treat your business like a business, not a hobby. Research your target markets, hire a lawyer for contracts, separate business finances from personal finances, charge competitive prices, purchase insurance, and ensure your priorities are straightened out. In otherwords -- be a professional.
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