The following is what I have been studying tonight. It is a "Cost of Doing Business" calculator by Greg Smith of the NPPA. The way I see it, you cannot loose by joining professional organizations such as this. These are his figures, but I used them for myself because I may be moving to a city with expenses comparable to his in the near future.Annual Expenses | |||
|---|---|---|---|
Office or Studio  | Advertising & Promotion | ||
| Phone (Cell, Office & Fax) | Subscriptions & dues | ||
| Photo Equipment | Business Insurance | ||
| Repairs | Health Insurance | ||
| Computers (Hardware & Software) | Legal & Accounting Services | ||
| Internet (Broadband, Web site & email) | Taxes & Licenses (Business, Property & Self-employment) | ||
| Vehicle Expenses (Lease, Insurance & Maintenance) | Office Assistance (Payroll) | ||
| Office Supplies | Utilities | ||
| Photography Supplies | Retirement Fund | ||
| Postage & Shipping | Travel | ||
| Professional Development | Entertainment (meals with clients) | ||
| Desired annual salary | Total days per year you expect to bill for shooting | ||
Non-Assignment Income | |||
| Stock, print, and reprint sales | | ||
Results | |||
| Total annual expenses (including desired salary) | $89,850.00 | ||
| Weekly Cost of Doing Business | $1,727.88 | ||
| Your Overhead Cost for a Day of Shooting | $898.50 | ||
Friday, December 25, 2009
Cost of Doing Business - an NPPA publication
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