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Interior Design Business: Limited Liability Insurance

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By me starting an Interior Design business would need to purchase limited liability Insurance. Limited liability insurance means that limited partners are not responsible for the debts of the business beyond the amounts of their investment, and their personal items are not at risk (McGraw-Hill, 2011). In order to open an Interior Design Business, I would have to pay $720 to take a qualifying exam, given by National Council for Interior design qualification. Of course, for my Interior Design Business, I would be CEO. Start doing my research finding a few outstanding resumes. These few selected would need to have a business management degree and also have real-time experience, with good references. Positions that are up for grabs are Director …show more content…

Passing out your business card, brochures, or any type of advertisement is part of marketing. Services that we offer are painting (choosing the color theme), find the style and type of furniture, and coordinate the colors for the drapes, curtains, and art pieces. The product samples, brochures, catalogs, trays, and mirrors prices cost anywhere from $100 to $200 each. Marketing competition is always on the table, using our mission statement on my advertisement; it would draw clients to the company. Also, posting a picture of one of our models on the advertisement, general information should be on there too. Hopefully, if a great turn out we can go into global marketing. Global marketing includes licensing, exporting, franchising, contract manufacturing, international joint ventures, and strategic alliances, and foreign direct investment (McGraw-Hill, …show more content…

$1,000, which is the majority, would go towards advertisement. Before starting advertisement I would take out a small business loan, giving me maybe 10,000 for a start-up. After accepting the loan and doing my advertisement I remain with 14,000. $1,000 would go to the employees that I plan to hire to help with marketing. If the business is profitable the potential earnings for an establishment like this one are $30,000 or better. For services I would charge $150 to $250 in order to give my investors 10 percent of my earnings. $2,000 would go to computers, software programs, business phone (fax), models, etc. In conclusion, 11,000 would go on the building that I invest in, it appears, and get every certification needed to

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