POLL for STREETSTREET-CHAT-Weekly Comp 1...STREET-ENTRIES-Weekly Com...Horizons PollREFLECTIONS - Chat Threa...REFLECTIONS - Entry threa...Canon EF L IS USM 500 f/4...Horizons ENTRIES 27/07...What annoyed you today?POLL for TIME OUTTIME OUT. Chat thread wee...TIME OUT. Entry thread w...Horizons CHAT thread 2...POLL -NUMBERS and / or LE...NUMBERS and / or LETTERS ...POLL Happiness is.......

Author Topic: Is the grass greener?  (Read 1671 times)

Offline ABERS

  • Hero Member
  • *****
  • Posts: 2195
    • Black and White Images by Alan Abercrombie
Is the grass greener?
« on: April 14, 2012, 08:42:37 AM »
Stumbled on this today. It puts things into perspective for all those would-be photographers that see a way to make a living from their art.

A startling statistic was that from a t/o of £100,000 he could not make it pay, and is now making money from calender and postcard shots, just shows that work can get in the way of pleasure.

http://www.onlandscape.co.uk/2011/01/full-time-photographer-a-pipe-dream/



Offline Alfonso_Frisk

  • Global Moderator
  • Hero Member
  • *****
  • Posts: 1294
    • http://www.flickr.com/photos/nosmo_king2007/
    • My Shipping images
Re: Is the grass greener?
« Reply #1 on: April 14, 2012, 09:11:15 AM »
Thanks for posting the link  :tup:
I visited his Gallery 2 yr ago in Oban. Cracking photographer. I thought at the time he must be really reeling the cash in. There were 2 people working on the gallery floor and another in a side room making frames and mounting pictures etc.
I spent a couple of hours there had a coffee and a browse through the shots, course intinaries  and table books etc. I came out truly inspired with loads of ideas for future shots.
But, I never bought anything (apart from the coffee). I guess that's part of the problem having a gallery.

RR
Alf
http://www.fluidr.com/photos/nosmo_king2007
http://www.seateamimages.com/search.php
Wine improves with age, The older I get the more I like it.

Offline Jonathan

  • Hero Member
  • *****
  • Posts: 1273
    • PeopleByRyan
Re: Is the grass greener?
« Reply #2 on: April 16, 2012, 08:26:47 AM »
A startling statistic was that from a t/o of £100,000 he could not make it pay

Doesn't surprise me at all.

This country does nothing to encourage small businesses - in fact it goes out of its way to damage them.

At £100K turnover, the best part of 17 grand is going to vanish in VAT (that's for a service based profession - for framing etc it won't e quite so bad but for high material markup businesses it's pretty bad).  That leaves you with £6K more than if turnover was £77K BTW.  My goal in any year is to turnover £76,995 ;)

Minimum wage is £6.08 so hire a framer, tea monkey, shop minder for summer holidays and busy weekends and you can say goodbye to another £3 - 4K.  And that's absolute minimum.  If you want somebody who knows what they are doing and want to retain them budget at least 2 and possibly 3 - 4 X this.

Rent, rates, materials, expenses, advertising, insurance, kit and if you run a retail photographic business you'd be lucky to clear £30K pre tax from a £100K turnover.

You can put that in perspective here - http://www.thisismoney.co.uk/money/news/article-2067258/Best-paid-jobs-2011-Tables-official-figures-UK-salaries.html

That's presumably somebody who is close to the top of his profession in his "good years" (the ones where learning the craft is complete and it's not yet necessary to cut back where you'd expect to be putting down money for retirement).  And probably working all the hours he can and risking personal capital.

I wouldn't run retail premises with staff unless I could turn over £250,000 minimum.
It's Guest's round

skellum

  • Guest
Re: Is the grass greener?
« Reply #3 on: April 16, 2012, 10:07:47 AM »
A startling statistic was that from a t/o of £100,000 he could not make it pay

Doesn't surprise me at all.

This country does nothing to encourage small businesses - in fact it goes out of its way to damage them.


Never thought I would say this but I have to disagree.  We are now just into our second year of trading and with the help of zero rates on our shop ( For rateable values below £6700.00  extended for a second year ) and a reasonable rent we have been able to make a go of it.

Offline Jonathan

  • Hero Member
  • *****
  • Posts: 1273
    • PeopleByRyan
Re: Is the grass greener?
« Reply #4 on: April 17, 2012, 07:58:13 AM »
Never thought I would say this but I have to disagree.  We are now just into our second year of trading and with the help of zero rates on our shop ( For rateable values below £6700.00  extended for a second year ) and a reasonable rent we have been able to make a go of it.

Interesting.  These tend to be local or county council initiatives rather than central government though.

The vat thing is just brutal to growing businesses.  Did you have to register yet?
It's Guest's round

skellum

  • Guest
Re: Is the grass greener?
« Reply #5 on: April 17, 2012, 09:51:43 AM »
Never thought I would say this but I have to disagree.  We are now just into our second year of trading and with the help of zero rates on our shop ( For rateable values below £6700.00  extended for a second year ) and a reasonable rent we have been able to make a go of it.

Interesting.  These tend to be local or county council initiatives rather than central government though.

The vat thing is just brutal to growing businesses.  Did you have to register yet?


I was told it was a Central Government initiative but not bothered were it comes from, a good idea is a good idea in my book but I am sure the revenue will be taken from somewhere else.

I was registered for VAT in my electrical business but not here yet. What a pain that was being a unpaid tax collector  >:(  20% on what I am charging for my services now really would be a killer. Nowhere near £ 77,000 turnover threshold yet and happy to stay below it.

There are so many part time togs out there doing Weddings with no overheads at all to worry about so me adding VAT would kill that part of the business off completely.
« Last Edit: April 17, 2012, 10:06:55 AM by Dave »

Offline Oldboy

  • Hero Member
  • *****
  • Posts: 5400
Re: Is the grass greener?
« Reply #6 on: April 17, 2012, 10:02:57 AM »
20% on what I am charging for my services really would be a killer.

Do you charge that much!  :P

 

latest Posts

Subject Board Views/Replies Member Date & Time
question POLL for STREET International Weekly Comp Entries 44/0 Hinfrance Last post August 11, 2020, 08:10:27 AM
xx STREET-CHAT-Weekly Comp 1/8-9/8/2020 International Weekly Comp Entries 123/3 Jediboy Last post August 10, 2020, 06:59:38 PM
xx STREET-ENTRIES-Weekly Comp 1/8-9/8/2020 International Weekly Comp Entries 174/4 Jediboy Last post August 10, 2020, 06:57:54 PM
xx Horizons Poll International Weekly Comp Entries 220/4 anglefire Last post August 09, 2020, 04:51:11 PM
xx REFLECTIONS - Chat Thread, Weekly Comp - 08/08/20 - 16/08/20 International Weekly Comp Entries 61/2 Jediboy Last post August 09, 2020, 03:31:50 PM
xx REFLECTIONS - Entry thread, Weekly Comp - 08/08/20 - 16/08/20 International Weekly Comp Entries 22/0 Jediboy Last post August 09, 2020, 03:20:15 PM
xx Canon EF L IS USM 500 f/4 for sale Lenses 271/6 anglefire Last post August 05, 2020, 07:48:42 AM
xx Horizons ENTRIES 27/07 - 02/08/20 International Weekly Comp Entries 268/5 Oldboy Last post August 03, 2020, 10:25:12 PM