Setting Up Your Business

You might be thinking, "Set up my business??? I'm not a business owner, I'm an artist!"

Well here are the hard facts:

50% of all salon workers are self-employed
90% of all entertainment hair and makeup artists are sub-contract workers
If you are a sub-contractor the goverment veiws you as an independent business owner, aka a sole proprietorship of your own business

Pearls of Wisdom:

Learn to run your freelance business like a real business

It will save you time
It will save you money
It will get your career going in the right direction a lot faster
People you work for will respect you a lot more for your professionalism

So what does running your freelance makeup/ hair career like a business mean???

It means you understand what the different business structures are such as a sole proprietorship, an LLC or Limited Liability Company, and a Corporation
You have a solid career plan with both long term and short term goals
You have a plan for self-promotion
You have budget for networking and marketing yourself so you don't debt finance your career
You understand what the going rate is for a hair/makeup artist in your area and you negotiate accordingly
You have money budgeted each month for inventory or replenishing your kit
Your business finances are seperate from your personal (including your credit cards-have seperate business credit cards)
You always get a signed deal memo before you start a job
You know what the labor laws are governing your area
You always invoice on promptly after a job along with a necessary tax form such as a W9

Steps for Starting You Business:

Start your career plan by clicking here
Set up federal tax ID

Small Business Loan Resources

Note:

Some cities may require you to obtain a business license or local tax number so be sure to do your homework for that area.
You are required by law to publish your DBA in a local paper for 40 days in order to make your DBA legal.

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