Thursday, December 8, 2011

11.

What is going to be your monthly budget? You have factored in all your expenses. My monthly budget if estimated at $500 a week will be $2000 a month. This means I need to create an income of at least that to ensure I can operate my business without any issues. This can take some time. You should already be at a point where your earning fairly consistent money before starting your own business, weather it be from clients or a second job. You have to be able to float your business while it takes off. Some months you'll do better than other months. Keep in mind that the season for photography starts around the end of March and goes through til about October. These months will pay for the months where income isn't as easily acquired. Be prepared to pay out of pocket or from company savings for the months of November, December, January, February, and March. The rest of the year should take care of itself if you've really built a solid client base.

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