Thank you BetteT for your responses. I appreciate you taking the time to repeat these things which I'm sure you get bored of, and most of it I am aware of already.
I guess I was just trying to figure out in my head how much I need to invest out of my own 'savings' in order to make sure that I even have enough to get myself started off with. I don't want to get stuck in then run out of money with nowhere to turn and have to start all over again a year down the line. I would rather hold on for a bit whilst I figure out out to get more 'funding' in place.
The trouble with comparing yourself as a stylist, to a small start-up business, is that a lot of small start-up businesses will get investors or a bank loan after proposing their business idea, which will cover the costs of renting out a space and marketing and hiring people etc until they break even and start making profit, from which the bank or investors can finally benefit. I'm not sure it would be so plausible to do this as a freelance stylist? Could be worth a shot, could get laughed out of the bank...
I guess I was just trying to figure out in my head how much I need to invest out of my own 'savings' in order to make sure that I even have enough to get myself started off with. I don't want to get stuck in then run out of money with nowhere to turn and have to start all over again a year down the line. I would rather hold on for a bit whilst I figure out out to get more 'funding' in place.
The trouble with comparing yourself as a stylist, to a small start-up business, is that a lot of small start-up businesses will get investors or a bank loan after proposing their business idea, which will cover the costs of renting out a space and marketing and hiring people etc until they break even and start making profit, from which the bank or investors can finally benefit. I'm not sure it would be so plausible to do this as a freelance stylist? Could be worth a shot, could get laughed out of the bank...