When you think about starting your own home design studio, the first thing that probably comes to mind is a hefty investment. But that’s not always necessary—especially if you have a creative idea in mind and are willing to put in the hard work. In this blog post, we will show you how to start a home design studio on a shoestring budget.
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Here are three tips to get started home design studio on a shoestring budget:
1. Establish Your Brand. The first step is to establish your brand and build an audience. This means creating your own website, blog, or social media page and promoting it regularly. Once you have a following, start developing partnerships with local businesses and promote design services through word-of-mouth marketing.
2. Get Licensed. In order to legally offer home design services in your state, you will need to become licensed by the state board of homebuilding and decorating. You can find more information about licensing requirements on the National Association of Home Builders website or by calling your state’s department of commerce.
3. Register with the SEC. Even if you don’t plan on offering products or services for sale, registering with the Securities Exchange Commission (SEC) as a “blank check company” can be beneficial for branding purposes and protecting your intellectual property rights (IP).
Additionally, being registered with the SEC allows you to raise money through initial public offerings (IPOs), which can help finance your business growth.