What is involved with running your own business? Is it the right option for me?
I'm a 12th grader looking to choose between the arts and sciences for her career, and one option I've been introduced to is freelance work as an artist, or being a small business owner. Is it really as glamorous as it sounds? How long does it take? Is it worth the potential risk? #career-counseling #art #smallbuisiness #freelance
4 answers
Addi’s Answer
Things to consider: Make sure you're familiar with any taxes/permits in your county/state (most small businesses need to file taxes quarterly). If finance stuff seems overwhelming, it's ok (me too!) - there are a lot of apps and software to help you stay organized and track your income and expenses.
I want to stress that it does not need to be one or the other. Many people find balance and stability with a non-artistic job to cover bills and insurance, while doing freelance work on the side. The best part of this scenario is you can be extra picky about what projects you accept and only do the ones that you're excited for.
Addi recommends the following next steps:
Judi’s Answer
Owning a small business that provides freelance art to commercial businesses is a good option for going into business because it can have a low cost of entry (depending on the type of art you produce). However take note - it is highly competitive and it is not as glamorous as you think because you have to deliver art to meet the job’s specifications - not necessarily what you want to produce. And is very deadline driven.
Before you can make money as a freelance artist you need to make sure the type of art you produce is marketable and that you have the contacts and reputation to land the jobs. Building a good reputation can take years.
With all that said I have met many artists that were very happy working freelance. But they definitely had to be flexible with working job to job. Sometimes no work and sometimes too much.
Leahanne’s Answer
Tricia’s Answer
Tricia recommends the following next steps: