gtkelly
TPF Noob!
- Joined
- Apr 15, 2007
- Messages
- 117
- Reaction score
- 0
- Location
- North Carolina, USA
- Can others edit my Photos
- Photos OK to edit
First, running a business - ANY BUSINESS - is hard work. Been there, done that. Doesn't matter what the business is you will most likely work more hours for less pay than a comparable corporate employee. Yes, you have the potential to surpass the averages but it will take a lot of time, energy, and dogged persistence to get it done. I've started two from ground up and sold them. I've worked for a large corp as well. The personal income is much higher in the 9-5 for the first few years.
My business area has a far greater potential for income that photography. Sadly, until you reach the top of the scale in photography it just doesn't pay very well. If you are entering the photog business with the idea of becoming wealthy you will probably be disappointed. Sorry, but that is the reality for the vast majority of people that start.
If you are doing it because you truly love it and are willing to make lifestyle sacrifices to pursue it you have good potential to be successful in achieving a pleasant life. But you will have to make some sacrifices. So does the office worker - it just depends on what compromises you are willing to make. For example - I've done something for 25 years when I would really have preferred to be other places doing other things. I made some money but made compromises just the same. Just remember - money isn't everything...
And to comment on the above - 50k equipment investment is just the start. Plan on double to ensure that you are adequately capitalized to last at least 12 months. Many business books will say 6. Don't listen. 12 months so you can outlast the inevitable cash flow crunch that will hit just about month 8. I've seen it happen so many times I feel comfortable predicting it.
My business area has a far greater potential for income that photography. Sadly, until you reach the top of the scale in photography it just doesn't pay very well. If you are entering the photog business with the idea of becoming wealthy you will probably be disappointed. Sorry, but that is the reality for the vast majority of people that start.
If you are doing it because you truly love it and are willing to make lifestyle sacrifices to pursue it you have good potential to be successful in achieving a pleasant life. But you will have to make some sacrifices. So does the office worker - it just depends on what compromises you are willing to make. For example - I've done something for 25 years when I would really have preferred to be other places doing other things. I made some money but made compromises just the same. Just remember - money isn't everything...
And to comment on the above - 50k equipment investment is just the start. Plan on double to ensure that you are adequately capitalized to last at least 12 months. Many business books will say 6. Don't listen. 12 months so you can outlast the inevitable cash flow crunch that will hit just about month 8. I've seen it happen so many times I feel comfortable predicting it.