Pros:
• Greater control over your career – By starting your own business, you have greater control of your finances, hours, and projects. You can decide who you work with and when to take on new clients.
• Increased income potential – As an art consultant, you can charge a higher rate for your services and choose the type of art that best suits your client’s needs.
• Creative freedom – You have the opportunity to be creative in what you do, while helping others create art they love.
Cons:
• High initial investment – Starting an art consulting business requires a lot of upfront capital, such as office space, specialized equipment, and marketing materials.
• Difficult to get clients – Clients may be hesitant to take a chance on an unknown art consultant. You must have a portfolio that showcases your talents and build relationships with potential customers in order to acquire business.
• Low profit margin – Since the art consulting business is a service-based industry, there may not be as much of a profit margin as with other businesses. You must find ways to increase your income by providing additional services or finding alternate sources of revenue.