Saturday, May 16, 2009

The Small Graphic Design Business - Freelance goes broke

So I've decided to start a blog about my experience as a small business owner and a graphic designer. I am going to try to break this down as best as possible, and relay as much detail as necessary without getting too lengthy or redundant.

Disclaimer: I am not an expert. This is not a educational blog. This is how I did it. There are plenty of other ways to do it. Nothing makes mine special, but thanks to some excellent counsel and some good fortune I was able to set a firm foundation for a small business. I'm passing along the basics. Quick and dirty.

Stat #1: 80% of new small business don't make it 5 years.
Stat #2: Of that 20% that DO make it the first 5 years, 80% don't make it to year 10.
Put it this way: you have a 4 in 100 shot at keeping your small business running for 10 years.