Starting your own advertising company is not as easy as it sounds. You have to consider how much money you are going to invest, how much time and dedication you are willing to commit, how many employees you need on staff, how well -connected the people in your industry are with others in the same field, and how much start-up cash you have saved up for this endeavor.
In this blog post we will provide 9 steps that can help guide anyone who wants to start their very own advertising company!
9 Steps to Follow: Starting an Advertising Company
Step 1: Start by determining how much you can invest.
Advertising is an expensive business and it's important to know how much money you have saved up for this endeavor, or how quickly you can secure funds from investors. If the answer doesn't come easily, don't worry! You might need a little more information before making that decision.
Step 2: Decide how much time you're willing to commit.
Starting your own advertising company is a full-time commitment and it's important to know how much of your time can be dedicated to this endeavor before committing yourself fully.
Step 3: Determine how well-connected the people in your industry are to others.
Advertising is a vast business and it's important that you know how well connected the people within your company will be with other individuals who work in this field before starting any advertising campaigns.
Step 4: Decide how much start-up cash you have.
Starting an advertising company is no easy task and it's important to know how much money you are able to invest in the business when starting up, or how quickly you can secure funds from investors.
Step 5: Determine how many employees you will need on staff.
Advertising is not for the faint of heart and it's important to have enough manpower in order to successfully run an advertising company.
Step 6: Decide how you want to structure your company.
There are many different ways to organize an advertising agency and it's important that you know how much power you will have as the CEO of this business before jumping into anything blindly.
Step 7: Determine how well-connected you are to others in the industry.
Advertising is an interconnected business and it's important for your company to have connections with other advertising agencies or individuals who work within this field before entering any contracts or agreements.
Step 8: Determine how much money you want to make as CEO of this company.
Advertising is an aggressive industry and it's important that you know how much money your company will need to make every single year so it can stay afloat.
Step 9: Determine how much time you're willing to commit as CEO of this advertising agency.
Starting an advertising agency is a full-time commitment and it's important for the CEO of this company to know how much time he or she can dedicate to running an advertising business.
The following are some additional questions you may want/need to answer in order to determine how and when you want your company setup:
- How many employees will be on staff?
- How much money do I need my company to make every year so it can stay afloat?
- How much time am I willing to commit as CEO of this advertising agency?
- Who are my connections in the industry?
- How much start up money will I have available to invest into this endeavor?
- Am I willing to take on investors for my company?
- How will I structure my company i.e., as a sole proprietor, partnership, LLC or S Corp.?