How do I Use My Career Diploma in Interior Decorating to Start My Own Business?
According to the U.S. Bureau of Labor Statistics, interior decorators jobs are expected to grow 19 percent between 2008 and 2018, faster than average for all occupations. However, the competition in the field is considerable, and those with advanced degrees or specialized training--particularly in green or environmentally friendly design--will fare better.
Many interior decorators and designers are self-employed or work on temporary contracts. Self-employment and contract work require knowledge of running a business as well as in the creative demands of decorating. Those capable in both areas can do well financially. The average salary for an interior decorator is $44,950, according to 2008 statistics.
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How Do I Use My Career Diploma in Interior Decorating to Start My Own Business?
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Write up a business plan. Determine what type of clients you plan to cater to in your decorating business, and decide whether you'll work primarily with a specialty or niche market. Do you want to work full-time or part-time hours? Can you capitalize on a gap in your geographic area for a certain type of decorating business? Spell out what will make your business stand apart from the competition.
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Determine your financial plans. Build a realistic startup budget and figure out some options for obtaining financing. When budgeting, don't forget services such as legal services, insurance, transportation and basic materials, as well as marketing needs, home office furnishings and computer and telephone requirements. You may attempt to get a business loan and may qualify for small business grants as an interior decorator. Possibly you have some potential investors in mind.
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Obtain all necessary licensing. About half of all U.S. states have some form of interior-decorating legislation according to the American Society of Interior Designers. Often it's a good idea to see a lawyer to make sure your business starts off with every requirement met and avoid potential problems.
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Build on previous success and networks. Most interior decorators work as interns or assistants before launching their own businesses. This work gives them ample opportunity to learn the ins and outs of the interior design world and to develop important contacts. It also helps build their professional reputations.
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