I know what you’re thinking. I need some tips on interior design business starting. O-k! Well, first off, you need a house! Unfortunately it’s not that simple. Interior designing is a popular business. Usually designers begin with a home-based business and after some experience enlarge their business. Interior design business starting includes some important steps like calculating start-up costs, writing a business plan, establishing the type of designing and studying the local interior design pricing structure.
An interior design business may be quite profitable, as it is always in great demand. Besides, it is an interesting and creative occupation. So, if you like to earn money using your designing ability and knowledge, and you are interested in being your own boss, you may consider starting an interior design business.
Interior design business starting includes some basic points. First of all, you must decide either you will be a designer or a decorator. To be a designer, in most states, you need to be qualified or certificated. In the United States there are organizations, for example NCIDQ (National Council of Interior Design Qualification), which can qualify applicants as professional designers. Six years of design education plus a full-time work experience is required to be accepted for the exam. If you do not have any designing education, you may work as a decorator. A decorator is limited only at the aesthetic side of interior designing.
Another important point in interior design business starting is establishing how large you want your business to be. Many designers and decorators are starting with home-based business, so they can save money on the cost of the office. A great number of interior designing firms are small companies with less than five employees. Only a few of them have more than 100 employees. Interior design business starting requires a number of initial investments. Here are some of the principal interior design start-up costs.
It is recommendable for a professional interior designer to procure AutoCAD software or anything similar that permits elaborating three-dimensional projections. The advantages of computer use include an easier communication and better understanding of a client’s needs, and it also gives the possibility to make rapid changes and corrections in the plan. Some designers prefer working on paper. If you are going to be a product-driven designer you must consider buying books of samples – wallpapers, paint, carpets and draperies.
Interior design business starting also includes writing a business plan and establishing the prices of your services – fee structure. Interior design pricing structure is variable. The most common forms of payment are fixed fee, hourly fee, per square foot cost, and cost plus. The pricing structure depends on factors like type of designer, type of the projects, services and products offered. For example, if you are designing a big commercial project you would probably establish a per square foot fee. Payment per hour of the time you spend on the project is very popular in residential designing.
Costs plus are most convenient if you are a product-driven designer and you have certain discounts from suppliers and manufacturers. Many designers also require a retainer. Retainer is a part of the amount of money for the entire job, paid before starting the project. If you are interested in interior designing job and you would also like to run your own business, you should consider starting an interior designing business.