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Business Planning

April 29th, 2015 at 04:58 pm

When I first started my photography business, it came about as a "maybe I could do this for money" experiment. Now it's something a bit more, but I've noticed that the important elements of my business - brand, client management, administration and accounting, and marketing - have all kind of evolved ad hoc.

Now, I'm trying to do the work of formalizing everything and planning to go from where I am to where I really want to be. Income for the most part is steady, but I'd like to focus more on transitioning to a boutique model - taking on less clients, but focusing on giving them an amazing experience.

So for the last week I've been really trying to nail down who my ideal client is, what sorts of products I'd really like to be focusing on, and how I should be shaping those important elements of the business.

Needless to say, it's been a busy week! Throw in a wedding this past weekend, and one coming up... I'm going to be out of steam before long!

Nonetheless, it's got me really excited about where things can go, and I feel a lot more secure about transitioning the brand (and my physical location!) with a plan in place. I have a hard time narrowing my focus - I tend to want to do everything, and be everything to everyone. But I'm comfortable with where I'm headed, and right now I'm feeling a lot of momentum. I just have to figure out the details of how the transition will take place, what timing makes sense, and how I can lessen the blow of a rebranding effort. Thankfully, I'm not several years in - so I think it'll be pretty easy. Restructuring my website and building out a customer database that's optimal will be the real work of it. Oh, and hiring an accountant. That needs to happen soon.

So that's that.

***

As for spending, things have been pretty good. I paid all of the May bills I could. No real spending on things I don't need.

I transferred $1,000 to A to start my repayment of my tax money, so that's some progress.

Also collected some client payments this week, and got another booking for 2016! So I'll have a deposit coming in on top of that.

I have to say I'm ready to be leaving April. This was a pretty crazy month for me financially, with taxes due and my ill preparedness. But things are looking up! I'm feeling ready for the fresh start of the spring - and ready for it to start actually feeling like spring. Bring on the warm weather!

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