I’ve always wanted to do photography full time and now that my chance is here I’m having doubts. I do pretty well on the side of my 9-5 but just can’t seem to figure what it will be like if I can’t pull in enough to match my 9-5. my wife does well at her job and said it wouldn’t matter but that’s right now. I also want to retire someday. any advice from people who shoot full time?
If you can, seriously think about a business and marketing course. The months spent doing this will really pay out later.
On average a new company loses money the first year, can break even year two, three and starts to profit year four.
You should be comfortable that you can run for at least three years without turning a profit.
The fact your wife has said she is happy and supports the idea is wonderful. I suggest you sit down and work out the costs involved in running your business for at least three years.
Going full time pro involves, registering the business, doing accounts, marketing, website management, personal liability insurance, gear insurance, different vehicle insurance for professional use and occasionally a little bit of photography.
Be prepared to work twice as many hours than your previous day job plus weekends. In my experience, there is nothing more rewarding than working for yourself. If you both go in to this with your eyes open you’ll be able to make a living from your photography.
All the best to you. Good luck in your venture.