TIME TRACKER PART II: TIME IN BUSINESS

Although this first graph might be what you expect, the second one is where it really gets interesting.  This first graph just shows - of our sample - the average tenure of photography businesses.  A full 62% have been in business less than 5 years - which is probably not a large surprise.


The reason I like this graph, is because it cross-references responses between the length of business and the amount of revenue per wedding.   If you imagine vertical slices, through each price point, you can see the percentage of photographers who responded - according to their length of time in business.  For example, in the $7500 - $10,000 price range, 100% have been in business between 5 and ten years. 

In the $2,000 - $3,500 range, 10% had been in business for less than one year, approx. 35% have been in business 1-2 years, 25% have been in business 2-5 years, and so on.  Following this graph is the inverse correlation (length of business with percentage of responses by price).

 

Coming up next is when it gets really fun - how we spend our time.  :)

PHOTOGRAPHER TIME TRACKER SURVEY

A month ago, I asked photographers to answer some questions.  I was looking for data on how photographers across the country were spending their time - and how their business is doing.  Over the next few weeks I'll be posting the results right here.  Just to give you an idea of who these photographers are, there were over 450 responses.  

Here's a fun little graph:

START #2: KEEP THE MAIN THING, THE MAIN THING.

What's the "main thing," for your photography business?  Why do you do what you do?  For me, I run a small business - and take care of my clients - so that I can provide for my family.  That's what it's all about.  Everything else I do in my business is about keeping that main thing - the main thing.
I figure if I can add value to my clients - I'll always be able to add value to my family.