Setting Up Your Photography Business In The Right Way

This post is Day 8 of 30 Ways In 30 Days To Redesign Your Life With Photography. This series seeks to provide you with practical steps to get you from wherever you are today, to exactly where you want to be – this year! If your goal has always been to take your photography to a whole new level, hang on and start enjoying a new lifestyle you’ve always dreamed of.

It’s a big step to go from “job” to “entrepreneur”.

When you have a job, everything is built into the structure of the work environment. They pay you on a regular basis; they take out money for your taxes, insurance, retirement; and you can count on having weekends, holidays, sick time and vacation days. Not so with a photography business.

If you rely 100 percent on your photography for your income, you are in charge of everything. Creating enough sales to provide your salary. You have to take out the taxes and forward them to the appropriate agency, find the best insurance policy, workman’s comp issues if you have employees, and set up your own retirement account. Sick time? If you have a wedding scheduled, you’ll be there no matter what you feel like. Vacation time? Chances are you’ll be checking email and communicating with clients no matter where you are.

Are you reconsidering? [Read more…]