Thinking about opening a portrait and commercial photography business? We tell you what you need to know to get started.
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How to Draft a Portrait & Commercial Photography Company Business Plan
Your new portrait and commercial photography business needs a business plan. But if you've never drafted a business plan before, the process can be intimidating.
There is nothing magical about a first-rate portrait and commercial photography company business plan. If you can get past the mystique, you'll see that a business plan just describes where your portrait and commercial photography business is headed and how you intend to get there.
Once your business plan is in place, you can use it for a variety of funding and planning functions.
Before you begin, we recommend reviewing a few sample business plans.
Investigate the Competition
Well in advance of opening a portrait and commercial photography business in your area, it's a smart move to find out how you will fit in the competitive landscape. Try our link below to generate a list of competitors in your city. After clicking on the link, type in your city, state and zip code to get a list of portrait and commercial photography businesses near you.
Before you open up shop, make sure you know what you will offer to your customers that provides a significant advantage over your competition's offering.
Learning More About the Industry
Once you've finished assessing the competion, it's a wise move to learn as much as you can from somebody who is already in the business. If you think owners of nearby portrait and commercial photography businesses will give you advice, think again. What's in it for them?
However, a fellow entrepreneur who has started a portrait and commercial photography business outside of your community will be much more likely to talk with you, once they realize that you are not going to directly compete with them in their community. In fact, they are often very willing to share startup advice with you. It can take a while to find an entrepreneur who is willing to talk, but it's well worth the effort.
What's the best way to find a portrait and commercial photography business owner that lives outside of your area?
Simple. Let your fingers do the walking by using the link below.
How to Buy a Portrait & Commercial Photography Business
Many experts advise against starting a portrait and commercial photography business if you can buy an established operation. But how do you go about locating and purchasing a viable portrait and commercial photography business?
As you would expect, there are a number of steps in buying a business. For most prospective business buyers, the first step is to contact a business broker.
Although you could buy a portrait and commercial photography business on your own, you'll save time and money by recruiting a reputable broker with industry experience.
Consider Buying a Franchise
The odds of becoming a successful entrepreneur are much greater if you opt for franchising in lieu of doing everything yourself.
If your goal is to start a portrait and commercial photography business, it's worthwhile to check out whether franchising might make sense for you.
The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.
These interviews should be of interest to you.
These additional resources regarding starting a business may be of interest to you.
If you currently own a portrait and commercial photography business, these resources will come in handy:
If you sell to portrait and commercial photography businesses, you're in the wrong place. These resources are more appropriate for you:
If you are interested in starting a different kind of business, please browse our directory of guides below.