This will tell you what sort of financial cushion you need to be able to pay the bills in the meantime.
This is where you set checkpoints for your long-term goals.
While you’re finding resources, gather information on what paperwork you need.
Each area will need something different to register as a business.
They can determine when it’s beneficial to switch from one structure to another.
The idea is to start thinking about what sort of long-term goals you have for your lifestyle.
Even if you’re not going to be seeking funding from banks, going through a business plan is important. This can be in the form of a vision board, a bullet point list in your journal.
But creating a full photography business plan can be daunting. Or even a constantly-evolving Google doc that you update from time to time.
You might want a business that involves you training a team. If this is true, then you’ll want to consider a structure that allows for growth such as an LLC or S-Corp.
This is viable when starting a photography business Consider also that you may want to start as a sole proprietor.