Interior design as a business

Many factors must be in place if an interior design business, or any business for that matter, will be successful. Everyday there are new business started, but only a very small percentage is around for their 5th anniversary. This isn’t necessarily a reflection of the owner’s ability to run a business or of the product or service that he is offer, but, rather an indication of poor planning.

Before starting a design business look at how it will affect you. The perks of working for someone else, regular paychecks, sick and vacation days, and the fact that you know that once you have left work, if something arise it is someone else’s responsibility, will more than like end once you go into business for yourself.

Starting a business doesn’t happen overnight. It is an investment of time, money and effort. To really get a new business off the ground, you must be willing to devote the first 8-10 years to the business and running it will require up to 120-hour work weeks. Remember you are not starting a job, but a lifestyle. It’s a lifestyle that requires a lot of sacrifices. Be honest with yourself. If you can’t met the demands of starting a new business, wait until the time is right. You want a successful business, not one that struggle just to get by.

1. Planning
2. Profit
3. Location
4. Marketing
5. Making money