My last article focussed on what you really need to consider if you are looking into transitioning to a professional photographer and build a career out of it. Today, we get to focus on a few ways here and there in preparation of the leaping toy can do from this lucrative looking business, as many clients would want to put it.
In this follow-up, I will discuss what I believe to be the next and crucial step before you make the leap: preparation.
Knowing what skills to focus on that will serve you well in professional photography life is important, but you’ll still find yourself in the same position as those who didn’t focus on them. That is, at one point or another, you will be at the precipice of hobbyist looking across the gap between the cliff faces to professional pastures; you’re going to have to jump like everyone else. So, how can you best have your affairs in order to sit neatly alongside your well-honed skill-set?
Looking back, I didn’t have enough of these affairs in order. That is, I didn’t have all the useful preparation in place, primarily because I wasn’t sure what it all was. If I could give a list of things I ought to have done before I jumped into photography full-time to give to former me, this is what it would look like.
1. Financial Reserve
It seems counterintuitive, saving money so that you can comfortably try to make money, but it’s correct. I’ve had a discussion on this topic several times with professional photographers.
The motivation for the debate sparking so often is that I didn’t build a nest egg before I went full-time. I stripped my outgoings to as low as humanly possible, committed to living like a hermit crab for a while, and decided that if I threw myself into the ocean without a life raft, I’d have to swim. I would have to swim. It motivated me, but it also nearly broke me.
The argument against this course of action is of course the relief of stress, and I wholeheartedly agree. I was at the edge of insanity many times in the first year, and although the drive did open doors for me, I’m not sure it was the best path. The more financial stability I have, the better my business decisions are, I believe. For that reason, I would suggest that if you’re in a position to build a financial reserve to float your photography turning into a small start-up business — which it is — then do so.
2. Education on Running a Small Business
On the topic of being a small business, education on running one is invaluable. Too often us, creatives have blind faith in the merit of talent and art winning out over all other facets of success, and it just doesn’t work that way. Look for online courses on running a small business (Udemy, etc.); you’ll be surprised how useful some of this information becomes. Speak to an accountant who specializes in small businesses, and ask for advice as well as a guide on how to best keep your accounts. Finally, if you can find someone who has done well in business, ask for a meeting with them or offer to buy them lunch to mine them for information and wisdom. This is one thing I did twice right at the start of my career and it served me well. In fact, one of them became somewhat of a sporadic mentor.
3. Find a Mentor
I have worked with spectacularly successful photographers since I started, albeit in the last two years or so. The little droplets of wisdom that, unbeknownst to them, fall from their brow, are priceless to photographers lower in the pecking order. By the simple act of helping them out, you can garner all sorts of important information on everything from business and networking, to composition and equipment.
4. Do Your Research
The next two tips are obvious to anyone who has looked into starting a business or venture and has completed their due diligence on the sector they wish to enter. However, us creatives can often bolt out of the gate without taking this vital step. I — for the most part — was one of those reckless folk. Ideally, you need to comprehensively research not only how a photography business works and what yours might look like, but the specialties you dream of dominating, who current dominates them, and what you’re expected to produce. I went a more “learn by doing” approach that — without a dose of luck — is unambiguously the worse of the two strategies. Take your time to get the lay of the land.
5. Have a Plan and Set Targets
Once you have a better understanding of what your desired industry looks like and what sort of part you will play in it, it’s time to plan and set targets. Really, this is two points. The planning phase is a direct extension of your research, where you set in place the direction you want to take your photography business right from the starter pistol. However, it has a symbiotic relationship with your targets. You will be planning how to effectively reach your targets, and your targets will be a mixture of short-term and long-term goals, with the former aiding your journey along your plan, and the latter being a metric with which to evaluate the success of your plan.