Ad
Ad
Ad
Pages: « 1 2 3 [4]   Bottom of Page
Print
Author Topic: Cost of doing business  (Read 21019 times)
Hulyss
Sr. Member
****
Offline Offline

Posts: 506



WWW
« Reply #60 on: August 31, 2013, 06:03:52 AM »
ReplyReply

Interesting discussion !!

I follow Yelhsa on his analysis, in + we have almost the same licence paper !

« Last Edit: September 10, 2013, 04:50:40 PM by Hulyss » Logged

Kind Regards - www.hulyssbowman.com
barryfitzgerald
Sr. Member
****
Offline Offline

Posts: 608


« Reply #61 on: November 01, 2013, 07:03:25 AM »
ReplyReply

The costs look unrealistic to me.
With any business you have some overheads and costs, but you also have control over expenses too.

I very much doubt people are spending a big wad of cash on new bodies and lenses every year, you can trim costs with s/h equipment and I would not expect a serious outlay on lenses if you've been around for a while. Other areas such as computers well again you've no need to dump $4k on  computer either. And I'm pretty puzzled how you would spend $1500 a year on hard drives.

Some of the cost listed are IMO excessive for a photographer, maybe he's super busy so I can get part of that. But you control costs and there are many ways of doing that. One reason many work from home that kills any cost of a studio (but it also will bring in revenue so that has to be balanced) gear purchases can be curbed significantly too by being a bit more selective. Expenses such as phone, car/maintenance etc have always been deductible business expenses.

The important part here is to make sure you don't exceed your income with expenses ie make a loss. If that means you have to cut down your gear lust buying then that's life.
Logged
Colorado David
Sr. Member
****
Offline Offline

Posts: 621



« Reply #62 on: November 01, 2013, 07:13:54 AM »
ReplyReply

I agree that cost control is an important part of running any business.  I can't argue with the $1500 per year for Hard Drives.  At almost $200 each for the 1 TB drives I buy, that's 7 or 8 of them.  So if you never throw any images away and you send some drives to the safe deposit box for off-site safe storage, that's not an unreasonable number.  Add uncompressed HD video to your business and that number might be a little light.
Logged

David Eichler
Sr. Member
****
Offline Offline

Posts: 351


WWW
« Reply #63 on: November 01, 2013, 06:44:57 PM »
ReplyReply

The costs look unrealistic to me.
With any business you have some overheads and costs, but you also have control over expenses too.

I very much doubt people are spending a big wad of cash on new bodies and lenses every year, you can trim costs with s/h equipment and I would not expect a serious outlay on lenses if you've been around for a while. Other areas such as computers well again you've no need to dump $4k on  computer either. And I'm pretty puzzled how you would spend $1500 a year on hard drives.

Some of the cost listed are IMO excessive for a photographer, maybe he's super busy so I can get part of that. But you control costs and there are many ways of doing that. One reason many work from home that kills any cost of a studio (but it also will bring in revenue so that has to be balanced) gear purchases can be curbed significantly too by being a bit more selective. Expenses such as phone, car/maintenance etc have always been deductible business expenses.

The important part here is to make sure you don't exceed your income with expenses ie make a loss. If that means you have to cut down your gear lust buying then that's life.


It is just an example to show all the different line items that need to be considered. Line item amounts may vary considerably from one photographer to another. Maybe this example represents someone who needs top notch equipment in top notch condition, and it is getting used heavily in very difficult conditions.
Logged

Pages: « 1 2 3 [4]   Top of Page
Print
Jump to:  

Ad
Ad
Ad