This website has served as a great starting point for inspiration for generating a great and suxcessful design business. Link here, and edited summary of the points below.
1. Evaluate your personality
2. Inventory your skills
3. Consider multiple funding sources
4. Assess competition
If your immediate area is saturated and your clientele must be local, consider a smaller community within comfortable driving distance.
5. Define the market
6. Write a business plan
A basic formula for developing a business plan is to write down your vision of the business in five years, which becomes your end point. Then write down how to get there in six month increments. Include income levels, location, employees, and number of clients in a plan that will guide you through the start-up stages of the business. More detail is better because the plan will provide more indicators of success.
7. Find professional advisers
8. Create a portfolio
9. Develop a brand
10. Ask for referrals
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