The Futur with Chris Do

002 - How to Start and Run a Design Business — with Frank Shi [Rebroadcast]

Aug 17, 2020
Dive into the timeless principles of running a design business, where crucial topics such as pricing strategies and client engagement are explored. Learn about common pitfalls for new entrepreneurs and the importance of transparent communication. Discover how to craft a compelling mission statement that prioritizes customer value. Navigate the challenges of budgeting and remote work while fostering a strong company culture to retain talent and enhance work-life integration. This insightful conversation is a must-listen for aspiring creative business owners.
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ADVICE

Get Paid Upfront

  • Get paid upfront for design work, securing 50% initially.
  • Collect 25% midway, and the final 25% upon delivery (net 30).
ADVICE

Discuss Exit Strategies

  • Discuss potential exit scenarios upfront in partnerships.
  • Addressing conflicts early on can prevent future issues.
ADVICE

Sales and Marketing

  • Prioritize sales and marketing in your creative business.
  • Robust sales fund company operations and creative freedom.
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