Or perhaps you’re doing a few side-jobs in your free time hoping to start a design business full-time.
Maybe you’ve just started your design business but need a bit of a boost to take it to the next level.
Wherever you are in the process of starting your own design business, this post is for you.
(And if you want more than just these 10 tips, check out our favorite and most helpful articles on starting and running your own business. You should also subscribe to our newsletter and we’ll send you tons of stuff to help you build a design business.)
1) Understand your situation
No one is ever 100% ready to start their own design business with absolutely no risk, all reward.
Business just isn’t like that.
Some life situations, however, reduce the risk. For example, it’s less risky to start your own business if:
- Your household or family isn’t completely dependent on your current income for stability.
- You’ve got savings or other income you can use while building your client base.
- You’re already working a full- or part-time job and can continue to do so until you don’t have time for it.
- You’ve already got clients you’re working for in your free time–and even better if they’d like you to take on more projects.
More on freelancing part-time: Don’t hate freelancers with full-time jobs
To find more long-term clients, read: 3 Easy ways to turn one-off projects into long-term clients
How risky is your situation?
Remember: many businesses don’t really get rolling until years 2 to 3, so be prepared to need another source of money in the early days of starting your design business to ensure you can pay your bills.
2) Identify your motivation for starting a design business
Are you starting your own design business for the right reasons?
- Why are you interested in starting your own design business?
- What’s motivating you to strike out on your own?
- Are you passionate about your design business idea?
By understanding what you want to get out of starting your business (i.e. more time with your family or the ability to simultaneously work and travel around the world), you can determine what type of design business is right for you and take steps to ensure you start a design business you love.