How do you start an Interior Design Business?


One of the reasons I started a division of my company called
IDA or INTERIOR DESIGN AUTHORITY where we have a collaborative of mentorees that I work with on a regular basis. The reason that we started that was
because young and upcoming interior designers had no idea how to start their business, how to go about making it run
effectively as a business and to make a profit from it. So what you need to do is put
together a business plan. Well a business plan can be very
detailed and far more than we want to get into right now. Some of the main topics in the
starting points that you should begin with is obviously for any kind of
plan that you have you want goals. What is it you want to accomplish? What is that
what you want to achieve? Do you want to specialize in an area like nurseries or
do you want to specialize in commercial? Or do you want to even be more specific
in terms of maybe doing window treatments. But your business plan should have
specific goals that you intend to achieve. And remember goals- the best ones are
short term goals getting you to your overall, long term goal. overall, long term goal. The next aspect of the business plan
that I feel is extremely important and often a very weak aspect of any business plan or anyone in the creative field especially
starting out is an accounting system. or anyone in the creative field especially
starting out is an accounting system. It’s really an important thing because
money will be coming in, money will be going out. There are certain rules and
regulations that we’re required to follow in terms of government taxes, sales taxes, business
taxes, licenses and those kind of things. in terms of government taxes, sales taxes, business
taxes, licenses and those kind of things. So you really need to get yourself a
good accounting system or a good accountant So you really need to get yourself a
good accounting system or a good accountant on board as part of your business plan. And then of course another very
important aspect of it is marketing. Now marketing for interior designers
is not as easy as one might think. Obviously, networking is number one on
the list, because most people hire interior designers because of referrals either because of someone they know or projects they’ve done in the past successfully and they’re
referred on to another client. You can also make sure that you have a
website and that you’ve gotten involved in the social networking aspect of our world because people will go there to
validate who you are and your ability and the fact that you are a credible
interior designer with a viable project. It’s not as complicated as it may seem. We all think that we should be more business-oriented than we are but if you
follow a few simple steps and put together a good business plan and follow those steps, you’ll be
fine and you’ll be successful. Again we are available to help you with
any kind of mentoring that we can do. It’s one of things I enjoy very
much ’cause I want to see other up-and-coming interior designers
be successful in their careers.

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