Business Plans…. Is this for me?

Should I ever decide to pursue the option of becoming a Professional Photographer and try to setup a business I would need to identify and produce the following items :-

  1. A Mission Statement
  2. The Product
  3. The Market – Who are your customers and who are the competitors? Photography is a constantly changing cut-throat industry
  4. Management Requirements – If employing others
  5. A Financial Plan – How much will I need to setup the business, find customers, create the product, market the business and still have enough to live on
  6. Insurance – will need some or all of these – Public Liability, Personal Indemnity, Employers Liability, Equipment, Portfolio and Goods In Trust.

Then I need to consider :-

  • How much will I need to survive?
  • How much will the business need to run successfully?
  • How much income will the business potentially generate?

Without even pausing such things as operations costs, bank management costs, accountants and sales and marketing or agents fees this is a very daunting proposition.

At this point I think its again necessary to ask the question – is this really what I want? I’m afraid that I once again have to state that the answer to the question is no – its not what I want at all.

From a personal point of view I would be happy just to complete the MA with a good, well thought out and executed Final Major Project, with the possible;e bonus of a self published book and a small exhibition as the final result. I think that will be enough for me.

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