This episode celebrates five years of my photography studio, White Space, and one year in its new location. I'm detailing my journey, from finding the original space in 2019 to moving during the pandemic while five months pregnant.
I'm discussing the ups and downs, including dealing with a difficult landlord and eventually building a dream studio in collaboration with a supportive realtor and builder.
This episode also covers key lessons learned, and the non-negotiable features for my new space. I answer listener questions about finding and furnishing a studio space, encountering challenges, and assessing whether the venture was worth it.
03:46 Ask Me Anything: Studio Space Insights
05:01 The Journey to the Second Studio
07:04 Designing the Dream Studio
07:23 Financial Concerns and Solutions
21:57 Lessons Learned and Challenges Faced
25:58 Joys and Positives of Owning a Studio
29:35 Final Thoughts and Future Plans
You are listening to take it
personally, a podcast for photographers
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:about the personal side of business
and the art of standing out.
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:Here.
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:I'll help you build a business and a
brand that is uniquely you if you want to
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:attract dream clients and stop looking at
the competition to decide your next move.
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:If you are ready to show up as a
confident branding authority to help
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:you serve your clients and consider
your goals and priorities too.
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:If you want to make your mark in a
new, underserved niche of photography,
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:then this is the place for you.
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:I'm your host, Maddie Ashong, South
Dakota brand photographer and educator.
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:I'm a straight shooting
Instagram obsessed.
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:Diehard Swifty who has built a multi
six figure business on the back of
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:brand photography all while raising a
family, and I know you can do the same.
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:Let's get ready to take it personally.
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:Scarlett Solo USB: In late 2019,
I found a studio space that
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:seemed like it could be perfect.
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:I had to have a vision because at
the time it had a black ceiling
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:and pepto bismol pink walls.
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:The previous tenant had just moved out and
they were running a doll clothing store.
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:So there were literal doll
body parts laying around.
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:The tile was chipped and broken.
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:The door handles were not in ideal
condition, there were definitely
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:things about the space that were far
from perfect, but there were great big
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:Western facing windows and tall ceilings.
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:And I thought, okay, this could be it.
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:And by February of 2020, we
were moving into the space after
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:a fair amount of renovations.
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:By March of 2020, we were moving and
grooving and people were starting to
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:rent the space and by March 15th 2020
the world shut down and we had officially
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:opened a business in a pandemic when
I was about Five months pregnant with
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:our third kid so the journey to get to
white space has been filled with ups and
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:downs and the fact that we are now five
years Into this space and celebrating
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:one full year in our new space feels
like a pretty massive accomplishment.
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:Scarlett Solo USB-1: So this episode
is celebrating five years of white
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:space and one year in our new, bigger,
better building that honestly, the
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:Maddie of five years ago, even the
Maddie of two years ago was literally.
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:Only dreaming about like the space that
we are in today, truly only existed in
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:my imagination and for as much work as
having a studio space is, which we'll
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:get into in this episode every day.
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:That I get to set foot in that space
and spend time there and blast Taylor
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:Swift and water my plants and see my
clients and host other photographers
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:every day that I get to do that.
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:It truly does feel like a dream come true.
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:And I know like I, that's so cheesy.
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:It really is.
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:And it's not been without work
and it's not been without many
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:months where I'm like, we should
just sell it and cut our losses.
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:That two things can be true, but
it really is a dream come true.
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:So in this episode, we're going
to do a little bit of an ask me
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:anything about having a studio
space as a brand photographer.
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:Scarlett Solo USB-2: In the show
notes, I'm going to go ahead and
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:link episode 97 of Take It Personally
because I didn't ask me anything about
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:my studio in about August of 2023.
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:So that episode goes more into the
initial investment that we made into
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:the studio, initial changes that we
made, how we found the space, what
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:expenses look like, how we make sure
we're bringing in enough revenue.
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:How our member system works how long it
took to break even and make a profit.
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:And some of that we're going to get
into in this episode, but a lot of
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:those foundational type questions we
actually talked about in episode 97.
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:So I will make sure to link
that in the show notes.
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:For today.
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:I took to Instagram and said.
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:said, what do you want to know?
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:What do you want to know about white
space specifically now that we have
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:been in this bigger space for a while?
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:So let's get into your questions.
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:The first question is how did
you find your first studio space?
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:Did you start with a realtor?
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:So again, refer back to episode 97, but
yes, we did start with a realtor and I
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:would recommend starting with a realtor.
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:That was incredibly helpful.
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:With our second space.
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:I had a relationship with that realtor
and probably about a year and a half,
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:maybe even two years before our four
year lease was up on the first space.
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:He and I started talking about what the
second space was going to look like.
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:Are we going to renew?
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:Are we not?
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:We knew immediately that
we weren't going to renew.
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:I feel like we would have closed before
we would have renewed because we just had
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:such a Gross experience with our landlord.
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:They were super hands off We had a couple
of really simple issues that they never
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:fixed We were promised a lot of things
when we moved in that we never got.
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:I told my realtor that, and I also
around that same time took him some
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:concepts from spaces that I had
found literally all over the U.
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:S.
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:I love the studio realm in Denver.
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:I had shot there in 2023 I think and they
had this like big cool garage door that
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:I was just like, Oh, that would be so
cool to have this like big garage door
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:and tall ceilings and there was another
studio that had a balcony mezzanine area.
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:That would be really cool.
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:I wanted, oh, there was another
studio that had a kitchen set up.
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:And as a brand photographer, I'm
constantly having to rent houses for
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:my clients that need kitchen spaces.
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:So I thought having a
kitchen would be great.
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:I knew that I wanted a
bathroom attached to the space.
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:I didn't really want to deal
with wood floors anymore.
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:I wanted concrete floors.
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:Took that to my realtor and I said,
I think that spaces like this could
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:do really well in Sioux Falls.
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:I think that people would respond
really well, both photographers.
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:We have a lot of photographers
in our community and also people
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:who want like a really cool event
space or just like a unique.
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:Building to rent out for their
business, but it doesn't exist here.
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:So if you can help me find something
similar to this on a budget, I'll move in.
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:I have to give it to my realtor.
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:He really went above and beyond
and ended up looping in a builder.
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:And the two of them came to me
and the builder said, we love
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:this concept, we want to build it.
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:And if you will be our first renter, we'll
give you a deal and we'll let you design
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:the space how you want to design it.
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:At this point, I'm panicking
because that's what we do
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:when good things happen to us.
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:But we felt like in the
old space, we were pretty.
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:Maxed out on what we could make and
with what we were making We did not
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:understand how our expenses could be
higher than they already were, and we
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:knew that if we moved into a bigger
space, our expenses would be higher.
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:Hopefully, so would our revenue,
but you don't know that when
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:you're just like putting numbers on
paper and seeing what might work.
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:It's possible that we could move
and nothing would change and
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:our expenses would be higher.
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:So all of a sudden this started
to feel really real and I start
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:trying to come up with reasons
why this isn't going to work out.
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:Because this man literally just
said we will make your dream
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:studio and here is the price.
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:And it was a very fair price,
but it was obviously much
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:higher than what I was paying.
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:And so immediately I'm like I.
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:Don't want to be on this
side of the building.
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:I want to be on the other side.
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:It was a building with six
suites that were all identical.
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:I'm like, I don't want to be on this side.
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:I want to be on the other side.
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:He's it's fine.
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:We don't care where you are.
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:I said I want the southern facing wall to
have a bunch of windows and the original
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:plan didn't have windows on the sidewalls.
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:They only had windows On
the front and the back.
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:And he was like, yep, cool.
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:We'll add really big picture windows.
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:How's eight feet?
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:I was like, damn it.
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:I said, okay.
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:That kitchenette that you're
talking about, I don't want like
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:a builder grade kitchenette.
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:I want a really cool L shaped
kitchen that looks like a kitchen
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:you could find in somebody's house.
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:Yep.
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:That's fine.
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:No problem.
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:We'll probably, we can probably work
it into what you're already paying.
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:Oh my God.
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:And I know that it sounds, it's,
it sounds insane to repeat it back.
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:Like I really was so lucky and
the, like this guy is just,
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:he's just like a good dude too.
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:So I knew that this was going to
be such a better experience then.
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:My previous experience and
I'm getting to build my dream
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:space and I'm not building it.
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:I get to just be a renter and if
there's a problem, like I make a phone
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:call, but it still felt really scary.
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:And so we went back and forth for a while
and Jeff was really tentative about this.
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:So if you listen to the episode
97, Jeff is my husband and
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:he's my business partner.
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:With white space, and he definitely is
more conservative financially, just like
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:in general across the board and honestly,
thank God for that because I Most of
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:the time, I'm like, it's just money.
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:We can make more and you can't have
two of those people in a relationship.
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:Like it's not going to end well.
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:So thank God for Jeff.
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:And I, we were standing in our bathroom.
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:he was just spiraling and I
was like, here's the deal.
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:This is how we can make it work.
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:We're going to get this many more renters.
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:We are going to start offering
events, which is something that we
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:wanted to do in the first place.
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:Small events, nothing where
we have to manage it, but baby
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:showers, wedding showers graduation
parties, that type of thing.
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:We are going to do more marketing
than we have done in the past.
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:And this is how we're going to make
this extra money every single month.
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:I know that we can make it work.
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:Let's do this.
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:And he was like okay.
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:And then part of this was also,
I was going to be increasing.
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:So my Maddie Pichon photography
business pays my white space business.
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:Like I pay rent to the other business.
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:And that was another part of it.
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:Like I'm going to increase my rent and if
I need to, I can increase it even more.
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:He was like, okay, like we
have three backup plans.
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:Great.
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:Let's go.
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:And we tentatively.
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:Signed the papers and
started down this process.
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:And let's see, we were able to
get into the space in May of:
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:And honestly, it's been
mostly a really good year.
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:We knew that moving in
May, March, April, May.
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:Are always our lowest revenue
months along with September.
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:And that's, I think it's because people
are finally able to go back outside and
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:then in September they are also able
to go outside and not be super hot.
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:The leaves are turning like those
times of year can be really nice
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:to shoot outside as photographers.
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:We knew that moving into the space
in May was potentially going to hurt.
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:So we tried to have a savings
account as best we could and
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:be responsible and all that.
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:And I will say that toward the end
of the summer, beginning of fall,
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:we were spiraling a little bit.
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:September was one of the lowest revenue
months that we had in a long time.
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:And we looked at each other and
we're like, we should sell it.
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:We should be done.
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:Like we just moved in,
but we should be done.
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:And by October we had our best month
ever, which I think in retrospect,
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:if I would have sat down with my
spreadsheet, I could have probably
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:predicted that's pretty typical for.
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:The way that this business works,
but at the time I was, like I
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:said, I was just totally spiraling.
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:And so October picked up massively
continued through the end of the year.
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:And now I'm recording this episode in
March and things are going really well.
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:So I'm very happy about that.
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:I am hopeful and excited about the
future of white space in the next,
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:four years that we are in this space.
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:And for what happens next, like
after those four years, I don't
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:know, but we're going to make
the best of the next four years.
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:Okay.
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:That was a very long winded answer.
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:I don't think that they're
all going to be that long.
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:Next question.
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:What is the most important thing to
look for when looking for a space?
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:This is a great question.
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:I would say it's going to be the
things that you can't change or
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:would be difficult to change.
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:So when I was looking for our
first space, I was looking at
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:things like layout windows.
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:Yeah, those were the big things.
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:Layout windows, architecture.
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:And I would say with building the second
space, Obviously, we were building it, so
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:we got to put some of the things in place
that we needed, like adding the windows
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:and that sort of thing, but it was really
the same, like those were the things that
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:I was concerned about, and then the other
stuff you can figure out as you move
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:in, but you want to make sure like the
layout, the architecture of the space is
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:what you want and something that you can
make work and You have, if it's a natural
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:light studio, you have enough windows.
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:Something else that I think would be
challenging to know ahead of time,
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:but if at all possible, I would look
for a place that has a good landlord.
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:Having our first experience
versus this experience has been.
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:night and day.
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:Our landlord now is like
relatively hands off.
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:We do have a property manager
who we communicate with.
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:And so that's more his role
than the actual landlord.
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:We actually had a very similar
situation like that in the last
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:space, but it felt totally different.
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:Like we were constantly getting
passed off to the next person.
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:It seems like it was a role
that had high turnover.
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:There was no empathy.
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:They didn't know us personally.
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:The very minor issues that we
had, they refused to help us out.
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:Whereas in this space, like our property
manager slash landlord is so proactive.
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:I literally have his personal cell
phone number and I'll call him.
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:He'll call me Jeff and him communicate.
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:Like it's just, it is night and day.
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:So that's something that's difficult
to know ahead of time, but.
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:If you can ask around and just
get the vibe, a good landlord
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:makes a huge difference.
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:What were my non negotiable
needs with this second space?
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:We wanted it to be bigger.
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:Our first space was right
around a thousand square feet.
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:The actual shooting space
was probably less than that.
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:And so we were looking for Probably
:
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:space and we ended up with right
around, I want to say:
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:It's split though.
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:We have the majority of shooting space
on the main floor and then we have the
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:mezzanine that has a little bit more
square footage, but I think it's right
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:around like 2500 3000 square feet.
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:So we about tripled our size.
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:I wanted windows on more than just
one wall with Western facing windows.
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:I really only felt comfortable
shooting in the afternoon.
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:I did not like how the light
looked in the morning, but I
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:would rather shoot in the morning.
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:I would rather go to the studio
early and just get her done and
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:then go back and edit or whatever.
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:So I really wanted windows on more.
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:Then one wall, I wanted a better landlord.
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:We also really wanted an
external door in our old space.
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:You entered through the door, like
off of the street, went down a
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:hallway and then went into our room.
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:We just liked the idea of
not having to deal with that.
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:Just like having an external door.
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:That you walk right into the space just
felt a little bit more like our business
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:as opposed to like a room within a
building We wanted our own bathroom.
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:We had so many stupid bathroom issues in
the old space my Most annoying story is
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:when I was shooting for little sleepies,
which is if you haven't listened to
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:previous episodes, they are a pajama
company that I worked for a few years.
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:And so there were days that I would
have dozens of kids and parents in
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:the studio and I'm shooting for little
sleepies and I've got tons of families
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:in the space with their small children
who need to use the bathroom they
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:came out and were like, Hey, there's
no toilet paper in the bathroom.
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:Okay, great.
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:So I text the property manager who
I have no idea who this person is.
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:And they're like, Oh, okay.
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:Like I'll let so and
so know a third person.
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:So not the landlord, not the
property manager, but someone
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:who's supposed to come restock
the toilet paper cleaners, maybe.
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:I'm like, okay, like they
need to get here soon.
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:I have a full studio all day today.
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:By mid afternoon, I think it was
still not taken care of, so I
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:called again and just chewed him out
because he was like I called them
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:and they said they were on their way.
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:And I'm like, okay, they're not
here and this is a problem that
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:I am still having to deal with,
but it shouldn't be my problem and
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:suddenly it's become my problem.
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:So at this point, if you're telling
me that you can't have someone here
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:within the next 15 minutes, I'm going
to literally run across the street to
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:Hy Vee, this grocery store, and get
toilet paper myself, which feels really
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:inappropriate because that's not my job.
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:And he's like, you're right.
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:Yep.
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:Yep.
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:I'll go to Hy Vee and
I'll get you toilet paper.
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:Okay.
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:Great.
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:Just like the most.
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:Irritating thing and stuff like
that happened all the time.
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:So anyway, that's my long story
of why we wanted our own bathroom.
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:And let me tell you, I have
yet to run out of toilet paper.
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:We wanted the space to be
big enough to host events.
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:Again, baby showers, wedding
showers, graduation parties.
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:I love to host the ladies
in my neighborhood every
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:year for a Christmas party.
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:I wanted it to be big enough to do that.
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:So nothing where like we would necessarily
want to have a wedding there, maybe
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:like a very small wedding, but more
opportunity to be able to rent out events.
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:I have a community of photographers
and studio owners that I chat with
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:on a pretty regular basis, and all
of them have said events are what
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:have been the game changer, That's
what really allows them to have
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:consistency and keep the studio afloat.
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:And I will say, at least in the last
couple of months, particularly March
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:obviously we're only like right
now I'm recording it's March 21st.
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:So almost through the month of
March, but this has been the
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:biggest March that we have ever had.
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:And I think that's.
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:do heavily in part to booking
events for April and May.
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:So events have been a really big
game changer for us, even already.
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:And I hope that continues.
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:I hope that I don't regret
that in a couple of months.
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:And I'm like, Oh, events are a whole other
like headache, can of worms, whatever.
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:So far they've been lovely.
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:And the people who have rented
the space have been so wonderful.
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:So that's been great.
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:And then the last thing that I wanted or
had as a non negotiable was to have some
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:sort of a lockable storage room or office.
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:We were able to do a double door
lockable office, so we can move
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:furniture in and out really easily, we
can lock things up, members can keep
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:things at white space That is awesome.
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:Love that.
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:How did we furnish the space?
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:So the first time I talked about
this in the previous episode,
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:we had a savings account.
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:We took out a line of credit.
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:We made this big Ikea trip.
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:This time we had quite a bit
of furniture, but I knew that
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:I wanted to refresh things.
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:And I also knew that we were going to
need a lot more furniture because again,
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:we're tripling the space that we had.
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:We actually ended up working with my
friend, Cassie, who is a designer.
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:I've had her on the podcast before.
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:Cassie from Made with Grace and Grit.
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:She's also a photography client of mine.
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:One of my favorite people in the world.
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:So I worked with her to figure
out like the floor plan,
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:the furniture that we need.
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:That was such a game
changer to be able to see.
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:The floor plan and furniture
To scale within the floor plan.
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:So I knew what we needed and I will say
even doing that When we were like unboxing
371
:everything and getting the space ready to
go I was I panicked because i'm like this
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:is not enough furniture like this space
is so huge Which is a good problem to
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:have but also it looks Is it does not look
good and it all ended up coming together.
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:I think one of the things that really made
the space come together was adding rugs.
375
:So once we added rugs and gave that like
base to the furniture, that helped a ton.
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:But yeah, it's, it was a lot of space to
fill and we spent a fair amount of money.
377
:Furnishing it this time around.
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:I can't, I would have to go
back into my budget spreadsheet
379
:to see what that was exactly.
380
:Last time we spent about a thousand
dollars furnishing the space that was
381
:in 2019, 2020, and this time we were
closer to two or:
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:had quite a bit of furniture already.
383
:Scarlett Solo USB-5: This
is Maddie from the Beyond.
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:I'm editing this episode and I went back
to check my budget spreadsheets, and
385
:we definitely spent more like between
three and $5,000 to furnish the space.
386
:Plus we had a much bigger deposit
when we moved, so it was a very
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:expensive couple of months.
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:Actually, I, I take all of this back.
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:Scarlett Solo USB-3: Next question.
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:What are some of the lessons
you have learned the hard way?
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:This is a good one.
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:Honestly, I think that for as much good
that has come out of white space and
393
:getting to work with other people, other
photographers and have a space that they
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:can use, like all of the good, right?
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:There's also it's.
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:Disheartening to see the amount
that people will try to get by with.
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:There are some people who just suck.
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:And I think that's true no matter your
industry, no matter where you live.
399
:And I also really try to have
empathy for like, you have no idea
400
:what people are going through.
401
:You have no idea how their morning
was or what they're spending.
402
:I don't know what my spouse said to
them today or how much drama getting
403
:their kids off to school was like, I
really try to have empathy for that.
404
:As someone who tries really hard to
be a good person and give the benefit
405
:of the doubt to have to deal with
some of the stuff that we have had
406
:to deal with people just being like
totally unreasonable is kind of insane.
407
:And sometimes I want to say
what was your expectation here?
408
:What did you expect to happen if, when
you ruined that couch and expected me to
409
:not ask you to repair it or pay for it.
410
:Scarlett Solo USB-4: I really try
to be a reasonable person and I
411
:don't want to be like fining people
and sending out additional invoices
412
:like one, it's a pain in the ass.
413
:And two I just don't want
to have to deal with that.
414
:I don't want to be that person.
415
:So a lot of the time if we have
people break something and it's
416
:something small or it was an accident
or whatever, we're like, no problem.
417
:Thank you so much for letting
us know we will take care of it.
418
:We've had chairs break.
419
:We've had vases break.
420
:We've had picture frames break.
421
:Like we have had, there is a lot of
wear and tear in a photography studio.
422
:And so we are very reasonable when people
tell us as long as they tell us that there
423
:was damage to be like, cool, no problem.
424
:We'll replace it.
425
:All good.
426
:But when people People almost go out of
their way to ruin something or to not tell
427
:you about it or just leave the studio in
a huge mess or openly break the rules.
428
:Like when it seems like they are
genuinely trying to do harm, which
429
:sounds insane, like who would do that?
430
:Who would walk into somebody's
house and just destroy stuff?
431
:People do that.
432
:People who you think wouldn't do
that or would have more common
433
:sense than to do that, they do it.
434
:That's been, that's just
like so disheartening.
435
:Cause I want to believe that most people
are good and most people mean well.
436
:And again, I really try to have empathy
of maybe they are just fricking going
437
:through it right now, but it still sucks
to be on the receiving end of that.
438
:Oftentimes, as a business
owner, you have to default to
439
:the customer is always right.
440
:Not always.
441
:I should probably do an episode about
that because I have thoughts on that too.
442
:But oftentimes, like to Make sure
that you maintain a good reputation
443
:and maintain good relationships.
444
:It can come at the expense of just
rolling over and being like, okay,
445
:we'll eat that cost or we'll buy another
seamless role or whatever it might be.
446
:And so there are times that I just
want to scream what did you expect?
447
:Like you, you are screwing
us over and you don't want to
448
:take responsibility for that.
449
:And now we have to take
responsibility for that.
450
:And that.
451
:Sucks.
452
:So that's like a major bummer, but I would
say that's the biggest thing like there
453
:are days that it's just so disheartening
to deal with some of the stuff that
454
:we deal with and I know other studio
owners feel the exact same way because
455
:I've Had these conversations with them.
456
:The next question is much happier What
are some of the joys and positives?
457
:I would say the people that I get to
meet, like the people who are not unhinged
458
:but truly like the people and
the new people that I have met,
459
:the new photographers, the baby
photographers, I'm 34 now, almost 34.
460
:And so when I moved to
Sioux Falls, I was like.
461
:This young, new photographer.
462
:I was like 21 years old
and I'm not that anymore.
463
:And so much of the photography
community is really young.
464
:So that's really cool.
465
:Getting to meet this new
generation of business owners
466
:and photographers in this area.
467
:I also love getting to
help people with the space.
468
:I've been.
469
:Getting a little bit more involved
politically and to be able to say I
470
:have a space, I have a space that we
can host this town hall at, and I have a
471
:space that you can hold your meeting at.
472
:That's really cool and makes me
feel happy that I'm contributing
473
:something in that way.
474
:So that's definitely a positive.
475
:We've also done like
donations through the space.
476
:People will come to us asking
for donations for like events
477
:and that type of thing.
478
:And quite frankly, like we just
don't have the profit margin
479
:to be able to give money.
480
:I do from.
481
:My like Maddie pong business, but
whitespace, like we just simply don't
482
:have the margin to be able to make like a
monetary donation, but we can donate time.
483
:And so being able to say we'll
donate three hours that you can
484
:give away on your live auction
or silent auction or something.
485
:I love being able to do that.
486
:Biggest tip that you wish
you would have known?
487
:Gosh, I don't know.
488
:Probably a couple of things.
489
:While it is much better now than it
was when we first opened, it's really
490
:emotionally draining to have a studio
space because it does feel so personal.
491
:That's where having Jeff as a business
partner has been really helpful.
492
:Although I will say there are times
that we both are like very mopey
493
:and then that's not very helpful,
but usually we kind of balance each
494
:other out, that has been a challenge.
495
:It feels personal.
496
:It feels like when stuff goes
wrong or when people are mean,
497
:like it feels like an attack.
498
:We try not to take it that way,
you can't help how you feel.
499
:So that is something that's a challenge.
500
:I say this a lot, but I wish I would
have known that it would be a second
501
:job, like it is a distraction from the
parts of my business that are going
502
:really well and that are more scalable
and probably deserve more time and
503
:attention than I can give them because
I'm split in three directions right now.
504
:I don't necessarily think that
means I wouldn't do it, but
505
:we've had very real conversations
about okay when this lease is up.
506
:What are we doing?
507
:Are we selling the space?
508
:Are we closing it?
509
:What's that gonna look like?
510
:And I don't know the answer to it I'm
a lot more at peace now with selling or
511
:closing than I have been before and I'm
saying that from a place of like things
512
:are going really well And it's still a lot
of work and I don't know if I want three
513
:businesses like that doesn't seem super
sustainable and at the end of this five
514
:years, I might be like, okay, we're done
515
:we've done what we came here to do and
I would love to sell it like that would
516
:probably be ideal, but I don't know.
517
:I would have to just
figure out how that works.
518
:It's something that I've talked about
with my lawyer, but not like in detail.
519
:So yeah, we'll see.
520
:I think that those would probably
be my biggest tips though, just that
521
:it's more emotional and it's more
work than I thought it would be.
522
:Which brings us to the final question.
523
:Is it worth it?
524
:And would you do it again?
525
:This is so hard to answer.
526
:Cause like I said, like it's more
work than I thought it would be.
527
:It's more of a distraction
than I thought it would be.
528
:It's more emotional than I thought
it would be all of those things.
529
:And yet I think I'd still do it.
530
:Question mark it.
531
:It's really hard for me to answer that.
532
:I do feel like having the space has
legitimized my business in a weird way.
533
:I think because I have a physical
space, people take me a bit more
534
:seriously than they did before I had
the space, which is so ironic because
535
:when I look at my coaching business
versus my photography business
536
:versus white space, white space makes
the least amount of money by far.
537
:And that I'm not saying that to like crap
all over the studio, but like the profit
538
:margins of a studio space are so slim.
539
:I don't, and that's actually,
that's something that I wish I would
540
:have known because I don't think
that I knew that going into it.
541
:To have a studio space be a
legitimate full-time business.
542
:I know that people do it.
543
:I don't know how, because I don't
understand how you're making enough
544
:money to pay your expenses, have a
little bit of profit, and pay yourself
545
:and pay like a cleaner and internet.
546
:And I don't understand.
547
:Like I said, we have been really.
548
:Pleased with moving into this new space
and how it's increased our revenue,
549
:but like we're not taking a paycheck.
550
:We don't pay ourselves from the business.
551
:We have a little bit of a savings
account now, which is really nice,
552
:but That's something that you
should probably have as a business.
553
:So like we're not really touching that
we usually take ourselves out to a
554
:really nice dinner in december talk
about business call that dinner a write
555
:off and that's what we pay ourselves
from The business like that's about it.
556
:So that feels a little bit vulnerable
to share, but that's the reality of it.
557
:We just, we do not have
big profit margins.
558
:And I wonder if I would have realized
that if I would have still done it.
559
:And I don't know, again, like that's
still just so hard for me to answer.
560
:Cause I also know that if I were to.
561
:Take the marketing a
little bit more seriously.
562
:Take the sales a little
bit more seriously.
563
:Do Facebook ads, do more events
where I'm talking about white space.
564
:Like it probably would look different,
but I can't do that because I
565
:have other parts of my business.
566
:That I'm doing that for
or spending time on.
567
:So it's a complicated question
or a complicated answer, to what
568
:feels like a simple question.
569
:Okay.
570
:That was a long episode.
571
:If you have stuck with me
through all of that, good job.
572
:This feels a little bit more of
like a Debbie downer of an episode
573
:than the last time I didn't ask
me anything about white space.
574
:And again, I love the studio space
and I've learned so much and I
575
:do think in a lot of ways it's
made me a better business owner.
576
:But I also want to recognize
that like it has made me a
577
:more distracted business owner.
578
:It has made me spread way
more thin as a business owner.
579
:It's presented some of my biggest
challenges as a business owner.
580
:Like all of those things are also true.
581
:So I'm really excited to see.
582
:What happens over the next
four years in this space.
583
:And I hope that we're
just like blown away.
584
:And I also think that even if we are blown
away by the next four years, it's very
585
:possible that those four years will be the
last four years that we have the studio.
586
:And I think that's okay too.
587
:I think it's okay when something
has run its course, whether it's
588
:run its course for the community
or whether it's run its course for.
589
:Just like Jeff and I, and
maybe we're able to sell it.
590
:Would it make me sad to close the space?
591
:Yes, for sure.
592
:It would be so sad, but it
would also free up so much time
593
:and so much just like energy.
594
:That I think I would be okay with that.
595
:So it's going to be interesting to see
what happens in the next couple of years.
596
:And I'm excited to see where it goes.
597
:Thanks for listening to this episode.
598
:I'm always happy to chat
about studio things.
599
:So if you have any other questions
that you want me to cover in future
600
:episodes or conversations that you want
to have, feel free to send them my way.
601
:Send me an email, send me a
DM on Instagram, and I will
602
:chat with you next time.
603
:Thank you so much for listening
to take it personally.
604
:If you haven't already, would you head
over to iTunes and leave us a review?
605
:This is the best way to let other
photographers know about the show and
606
:help keep us creating content you crave.
607
:And if you want more tips and tools to
build your personal photography brand,
608
:head over to my website, maddie pong.com.
609
:Here you can access my downloadable
ultimate personal brand session shot
610
:list to get your clients singing
your praises and browse my blog for
611
:more trade secrets to help you hone
your craft and grow your business.
612
:Love to learn while you listen.
613
:Visit maddie peshan.com
614
:and click on podcast for all things.
615
:Take it personally.
616
:From show notes to recent episodes and
incredible guest profiles, remember
617
:friend, the most important part of
any brand is the people behind it.
618
:Branding and business is personal,
so let's take it personally.