Becoming a businessman is a dream of almost every working man in this world. Off course, becoming a businessman is never an easy thing. A lot of planning and effort is required to fulfill this dream. Freelancing business might sound very easy to a lot of people but it requires a lot of effort regardless of the field you are into. In order to start a business, one must plan things very carefully so that nothing goes wrong. Anyone who is interested in starting a business should know dos and don’ts of business world. A good knowledge of this can take you a long way and less knowledge on this can cause a lot of problems for you initially and in the long run as well. So, before you start anything, make sure you have a proper planning for starting your freelance graphic designing business. A proper plan will definitely make your life easier.
As a graphic designer, you are talented anyway. Apart from being talented there are a few things that you need to incorporate into your personality in order to become a successful businessman. You have to be business savvy and above all you should be committed and devoted towards your work. Commitment and devotion are two things which will help you in good and bad times of your business. Honestly, for many people self employment can be quite over whelming but it is not as easy as it may sound. This article will help you in taking your baby steps to establish your business. For everyone else, who are already started their designing business can check if they are doing everything right or if something needs to be changed in their business strategies. Following are a few things that you need to keep in mind while planning out freelance graphic designing business:
Through Research :
Freelancing business is going to be a very big step in your life so you have to be well prepared for the consequences. The first for planning anything is a good amount of research. You need to learn each and everything about designing and business both. Working on your own might sound very exciting but you have to prepare yourself for the initial hardships. Always keep in mind that during first few years you might not be making a lot of money but a good research will help you avoid unnecessary wastage of money. You need to research on the amount of money needed for everything. Also, you should be well aware of other important things required such as domain name, hosting services, business cards etc. These things are very important and a good research will help you in making a list of all the things required.
Start with a Smaller Set up :
When you are new into the business world, you have to be very careful with everything you do. Setting up a corporation of your own might be tempting but it is going to do you no good. You will only end up spending a lot of money and wasting your time. Setting up a corporation is not an easy thing. You will have to fill out tax forms and what not. Initially, you are not supposed to handle so much of hassle so do not even thing of setting up a corporation. You are good as a small businessman and you will be content enough when you will have to spend less and earn more.
No Need for a Business Account :
You will have a lot of people around you to suggest you with numerous things. However, the best you can do is not listen to any useless suggestions. Many people will tell you to have a separate business account as it looks more professional which is not the case. Do not go for these myths. You will find no good benefits in business accounts and you will end up with useless and excessive extra expenses. Maintain the account you are already using.
Hiring People :
In the initial months of your business, you do not need a lot of people to take care of tasks. In fact, you can handle everything on your own and this includes marketing, customer support and even bookkeeping. Some people are not very good with accounts, if this is the case you, do not hire a professional accountant as it is going to cost you a lot and you probably don’t even need their advises. If it is way too important, you can hire a freelance book keeper which means more benefits and less hassle.
Getting a Business License :
While starting your own business, you have to be very careful with your expenditures as most people end up spending more than planned. Freelancing does not really need a business license unless you have registered for a business name. You will only end up wasting a lot of time and money in order to get a business license so put it on hold unless you really need it.
Get a Logo Designed :
Getting into business formalities right in the beginning of your business is not a very good idea. The key is to put least important things on hold and buying a logo design is not a very important thing to do. Yes, you should design an eye catching logo for your company but you do not have to buy a logo design just because people think it is important for your business. Design a logo after you have finalized an official name for your business.
A Well-thought Intro:
There is a lot more required in starting a business than just being a good designer. You have to come up with an excellent elevator pitch for your business and it should be easy to understand. Take your time and come up with a great introduction of your business and your introduction should explain your services. A perfect introduction will save a lot of your time. Otherwise, you will have to explain every client about your services from the scratch which is not a very good idea.
Gain Recognition :
For anyone who is new into the business world. Gaining recognition is the hardest thing to do. Since you are a designer and not a marketing expert, planning on advertising your business can be a little difficult for you. As a good businessman, you should do a good research on marketing strategies and the implement them in order to promote your business and gain clients. These days the best way to expand your business is via social networking websites for instance, Facebook and Twitter.
Create A Schedule and Stick to It :
As a freelance graphic designing business man, you have a lot of responsibilities to handle. You will have to come up with a schedule that fits your needs and the most important thing is sticking to that schedule. Your proper discipline can take you a long way.
Reinvesting the Income :
A good businessman will always have a proper plan of reinvesting the income. Remember, in order to make money, you will have to spend money as well.You have to differentiate between the actual income required in order to handle expenses and rest of the income can be invested at a better place. This will actually help you in expanding your business. Later on you can get a professional space for yourself as well once you have established a proper name in the business world.
To Wrap it All Up…
Hopefully, the above mentioned points will help out a lot of freelance designers who want to set up their own freelance graphic designing business. You have to become a perfect combination of design, development, and entrepreneurship.