opening a new studio

tattooing_the_stars · #1 05-23-2008, 01:23 PM

im done with working for low down people that dont deserve to own a studio.

how should i go about opening a new studio, i know location and advertising is needed, but i mean about liscensing, loans, and what not. how should i approach this.

It needs to happen fairly quickly.....

Ragz · #2 05-23-2008, 09:06 PM

Always start with checking the laws and enforcement in your county. Here in CO it varies so much, that in my county they don't give a f@ck and in the next they get health inspections.
Another thing that helped me a lot was writing a business plan. It laid out all my wants, needs, hopes, etc. As well as making me look at and develop budgets, sales projections, overall costs, etc. Basically running the shop all the way thru from just in my head to on paper. Plus it can help in talking to a prospective landlord.
Past that, it's all in the unique situation. I got the bulk of my start up out of school loans.

Best of luck,
RTR

Ragz · #3 05-23-2008, 09:08 PM

That's a badass website you've got set up by the way. Is that sitecube thing pretty user friendly?

tattooing_the_stars · #4 05-23-2008, 09:24 PM

thanks man, hey how do i gigure costs? do i need to find a location first?

sitecube is awesome, very user friendly. its like 30 bucks a month and u can add paypal

Ragz · #5 05-24-2008, 02:57 PM

With my plan, I picked an overhead that was average to the area and size I was looking for, and what I was willing/able to risk. Then looked at what I typically used in supplies in a month, added things like phone/internet, ins, misc. Then you add 25% to all of the expenses and subtract 25% from all income, this helps to keep things in perspective. If you have Excel, I can send you a file that has a years projections from my biz plan. You can then use it as a template. pm me with your email if you're interested.

ShreveportShane · #6 06-08-2008, 10:09 AM

What's a good monthly estimate spent on supplies for a 3 man shop?

inkmunky · #7 06-08-2008, 11:59 AM

wow that really is a nice page you got there i need to get me one of those

tattooing_the_stars · #8 06-08-2008, 06:12 PM

thanks, and the supplies depends on the artists, how much they use and how busy you are and what you required in your state. ive been keeping track and alone myself i spend like 200ish in needles and other small things, inks i bought the big 4 and 8oz bottles and even then you only need to get the ones you need when you run out.