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Definitive Guide To Starting A Home-Based Design Business - Part 1 - RD204

Definitive Guide To Starting A Home-Based Design Business - Part 1 - RD204

FromResourceful Designer: Strategies for running a graphic design business


Definitive Guide To Starting A Home-Based Design Business - Part 1 - RD204

FromResourceful Designer: Strategies for running a graphic design business

ratings:
Length:
21 minutes
Released:
Feb 24, 2020
Format:
Podcast episode

Description

Can you imagine anything better than doing something you enjoy while in the comfort of one of your favourite places - your home - and making money while doing it? Starting a home-based design business is the dream of many designers. The idea of giving up the daily commute, of no longer sitting through rush hour traffic, and nobody looking over your shoulder while you work sounds desirable. Plus you get to choose your hours, dress however you want and be there for your family whenever they need you. It’s very tempting. These and many other perks sound very appealing to designers dredging away at their daily 9-5 job. It’s a perfect life. Or is it? Before you take steps towards setting up your own home-based design business, you should first do a self-assessment of yourself and your situation to determine if the solopreneur life is for you. Is Self-Employment for you? When it comes to running a home-based design business, there are three options; casual, part-time and full-time. Casual: A casual business is one where you spend less than 10 hours per month on your venture. Perhaps it’s doing small odd projects for only one or two clients. The income you make while working casually gives you a little bit of extra spending money or helps pay a bill or two as it supplements your other full or part-time income. Part-Time: A part-time design business is one where you dedicate between 10 to 40 hours per month. You might have a hand full of clients, and the money you earn adds nicely to your overall household income. You can run a part-time business while working another part-time job or even a full-time job if you’re devoted. Many designers start a part-time business while on maternity or paternity leave. It’s a great way to stay mentally active and socialize with other adults while caring for your new bundle of joy. Full Time: A full-time design business requires your full attention daily. You should be spending as much time on your full-time business as you would if you worked 9-5 for someone else. As your main source of income, you should be working with several clients, and when you’re not designing for clients, you should be devoting your time to acquiring more clients. Those are your three choices for running a home-based design business. But before you jump in, you need to determine if you have the self-discipline to work in an unstructured environment. You also need to determine if you are willing to take on the financial and personal risk of starting a venture that may not work out, especially if your new design business is your only source of income. Things to consider before starting a home-based design business. Is your family behind you? If you’re on your own, this might not matter as much. However, if you have a family, you must realize that starting a home-based business is not only a significant adjustment for you but them as well. You need to speak with your family members about your need to dedicate yourself to starting, growing and eventually succeeding in this venture. If you don’t discuss this with them beforehand, they may believe that since you are at home, you have the time to do extra little tasks around the house. This “added benefit of working from home” may seem harmless, but these things tend to add up and take time away from your business and impede your success. Do you have the self-discipline to manage your time and working hours? Anyone who works from home will tell you that it’s easy to get distracted. The lawn needs mowing; the dishwasher needs emptying, the new season of that great show just dropped on Netflix. Do you have the confidence and self-discipline to devote your time to work in the face of all the distractions you’ll face daily? Also, if you’re a workaholic, do you have the self-discipline to say “enough’s enough” and stop working? Working day and night may seem like a great way to grow a business, but it’s no way to live your life. It’s great to hustle, but not if it leads to increased s
Released:
Feb 24, 2020
Format:
Podcast episode

Titles in the series (100)

Offering resources to help streamline your home based graphic design and web design business so you can get back to what you do best… Designing!