EST. 2007

The untold want by life and land ne'er granted,
Now, voyager, sail thou forth, to seek and find.

EST. 2007

The untold want by life and land ne'er granted,
Now, voyager, sail thou forth, to seek and find.

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June 1, 2011

Entrepreneurship

Photographer or entrepreneur?  Both.  And I think the latter gets underestimated and forgotten about, but it’s just as important, if not more important, than the first.

The journey to understanding the meaning of entrepreneurship has been long.  I’ve been doing photography full time for a few years now and it’s taken me a while to get it figured out.  And I don’t have it completely figured out yet, but it has been a long process to learn to manage my time, to prioritize, to set goals.  Holy moley.

And if I had to give a few tips on running your own photo business, three items come to mind:

1.) Start your week off with a staff meeting, even if it’s just with yourself.  Talk about long term goals, and short terms goals.  Write them down!  Then plan your week accordingly.  If you start everyday thinking, “Okay, what needs to get done today?”  you waste so much time. It’s so helpful to be future minded, to look at the whole week, what’s coming up, when you’ll have shoots,etc.  Here’s to planning your time more efficiently.

2.) Determine what tasks are “doing business” and what tasks are “working on the business.”  It’s so easy to get stuck in the daily grind of editing, blogging, answering emails, etc.  A big realization for me came after a year or so running this business full-time out of college. There is a huge difference between doing business and working on the business. Doing business is completing to-dos that need to get done, but don’t further the success of your business… i.e. editing and culling image, returning calls, answering emails, processing payments, burning CDs, etc.  It’s busywork.  Working on the business is completely different.  It’s developing your mission statement, engaging with your strengths and weaknesses, taking time to perfect the client experience, meeting with vendors, etc.  Working on the business entails more big picture projects that build your business.

3.) Find a mentor. Shooting images is the icing on the cake; there is so much more than goes into developing a business: managing calendars, self motivation, setting realistic goals and timelines, training and leading employees, being future minded about the industry.  It’s a lot to juggle and too much stress for someone who has never done this before.  Having a mentor who has is crucial.  Accountability is crucial.  Find someone who’s committed to navigating this journey with you.  Because if it’s just you, it’s too easy to get lost in the daily grind.  Don’t do this alone.

Also, it wouldn’t hurt to read The E-Myth Revisited by Michael Gerber.  85% of small businesses fail within their first 5 years.  This book tells you why.

Because we love this book so much, we want to give away a copy to one lucky person!  Even if you’re not a photographer or entrepreneur, you can enter and give it to someone you know. :-)
Leave your comment in the box below and we’ll draw a winner next week!


11

comments so far, leave yours

  1. Kelsey L

    June 1st, 2011 at 5:04 pm

    Love it! Thanks so much for sharing your advice! I’m sure it comes in handy in many ways. Love catching up on your blog as always!

  2. Kami

    June 1st, 2011 at 5:47 pm

    Great post! Like this kind of stuff, too :)

  3. Gina

    June 1st, 2011 at 7:07 pm

    Great post, Rene!

  4. Leah Love

    June 1st, 2011 at 9:35 pm

    You always have the best advice about life, work, love etc. I would love to give this book to my sister if I won, she would have it read in a night! Great post love!

  5. Kristin Hankins

    June 1st, 2011 at 10:29 pm

    Yeahyeah! I was just doing research today on someone to mentor and up-and-coming home salon owner…no dice. Thanks for the re-focus :)

  6. Deb Buckingham

    June 1st, 2011 at 10:56 pm

    You know, it’s people like you, that make small (online) businesses like myself…respect the eagerness to learn, as you have. Great info! Even a craft entrepreneur needs to re-visit the mission statement, goals, and to-do’s. Thanks for being you!!

  7. Myca

    June 2nd, 2011 at 11:34 am

    Such fantastic and realistic thoughts. Would love to give this to the love of my life who’s an entrepreneur at heart.

  8. Elizabeth Durbin

    June 2nd, 2011 at 12:07 pm

    Hurray for give aways! Great thoughts René.

  9. Alyssa

    June 2nd, 2011 at 4:14 pm

    I would love to win a copy! With my husband starting his own small business soon (praying for everything to fall into place!) he and I are both looking for as much wisdom and insight as possible. I have total faith in him that he’ll make it, but why just “make it” when he can “succeed” :)

  10. Becky_K

    June 2nd, 2011 at 6:42 pm

    Thanks for doing another giveaway. So fun!

  11. Melissa

    June 3rd, 2011 at 12:49 am

    If I win this book, I am going to give it to a friend of mine that is going to open her own photography business. She is doing small shoots right now for practice and also so she has something to show. I am always passing on your (Rene) and Jesie’s words of wisdom. She would love this book. And then, when I am ready to start my own business, I can read it. :)

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