The cost of doing business…

Recently I was participating in a thread in one of the photo communities that I enjoy, and the subject of the cost of doing business came up.  I decided to take a serious look into the costs associated with being an event or wedding photographer.  Turns out, the costs associated that I could determine made me appreciate even more the fact that I am a hobbyist/enthusiast and not a pro – I couldn’t survive on this salary and with that kind of workload!

Anyway, I thought I’d share the results of my calculations here, and hear what others have to say.  Am I too high in my estimation?  Too low?  Did I miss any expenses?  Are some unrealistic?  (I don’t know how much health insurance is if you are not part of an employer plan…)

I categorized the costs into various groupings to include:

  • Hourly Commitment
  • Gear Investment
  • Educational Investment
  • Advertising Investment
  • Miscellaneous Expenses

Is there anything else?  See the attached Excel spreadsheet and plug your own numbers in!  (I made columns C, D and E formulas so everything should adjust out for you…)  In the meantime, Happy Shooting, and I hope all your shots are good ones!

Cost of Doing Business

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7 comments for “The cost of doing business…

  1. November 24, 2008 at 8:02 am

    Jason! You’re in my head! Thanks for the spreadsheet!

  2. November 25, 2008 at 8:09 am

    those green thing look an awful lot like a class 9 sub

    = )

  3. November 25, 2008 at 8:31 am

    The link to your Excel sheet seems to be broken.

  4. November 25, 2008 at 11:02 am

    @Janine – too funny, glad you enjoyed it
    @Mike – I kinda liked it, and for clipart, I wasn’t expecting too much! 🙂
    @ AJ Are you trying to open the spreadsheet in the browser? I set it up to download, so a CMD-click or right-click (Mac/PC) should save it for you.

  5. Milan
    December 2, 2008 at 4:30 pm

    Link is broken… Can you please fix it?

  6. December 2, 2008 at 5:03 pm

    Hi Milan,

    It’s not viewable in a browser – on Windows, right-click and choose “Save Link As”. On Mac CTRL-click and do the same. That should get the Excel file for you…

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