Thinking about starting an animation studio, but don't know if you can?
Starting an animation studio is for you even if...
You don't have a lot of money
A popular myth is that you need to be a millionaire to found your own business. You can found an animation studio starting from as little as a few hundred dollars. If you can’t afford it right now, consider if there’s any way you could put money aside for the future. Another option is to line up a well-paying client with starting your studio. That way, the earnings from your first production can help to fund your studio.
You’re not a marketing expert
You don’t have the ‘right’ qualifications
One of the great things about starting an animation studio is that you only answer to yourself. There’s no CV or application form to fill out: just you, your team and your ability to produce great-looking animations. Of course, industry experience is an invaluable resource, but don’t let a lack of ‘official’ achievements put you off. If your studio is a success, no one will question your animation qualifications.
You might need more time if...
You don't have any animation studio experience
You don't know any other animators
You don't have a clear business plan
There’s no time like the present to get planning. A solid business plan is essential before you start a studio. However, there’s no reason you can’t create one at the same time as working your current animation job. Although you can’t found a studio without a business plan, every animation studio starts out with an unplanned idea. If you want to start an animation studio, take the time to craft a solid plan and turn your present vision into a future reality.
You don't know how to find clients
Starting an animation studio isn't for you if...
You want to get rich quick
Whilst an animation studio can be a great source of passive income, success isn’t guaranteed. Starting an animation studio that provides income for years to come is a challenge. You might not see much growth in the first one, two or even five years of your business. Success takes time, and most clients prefer a passion driven animation studio than one that’s only interested in making a profit.
You struggle to take on multiple responsibilities
Start-up animation studios typically employ a smaller team of people. This means that, whilst your business gets off the ground, you’ll have to take on multiple roles. This includes, but is not limited to:
- Website design
As your business grows, you can employ more people and delegate tasks more easily. As you start an animation studio, however, you and your team need the skillset to juggle multiple tasks. Whether you want to start an animation studio or not, it’s worth building your skillset.
You don't enjoy leadership positions
Starting a studio requires a string set of leadership skills. Unless you’re planning to start a studio and have someone else run it, you’ll be in charge. If you feel you’re not suited to a management position, starting an animation studio probably isn’t for you. Not everyone suits a leadership position. Instead, focus your animation career on the roles and responsibilities that suit you.
Starting an animation studio is a big deal, and requires a lot of thought. Check out our post on 5 Signs You Should Start an Animation Studio, as well as our post about How to Start an Animation Studio Today. Additionally, take our animation career quiz or join the animation career community at Start A Studio to start a conversation with likeminded people. If you feel like you're ready to start your own studio, check out our award-winning startup course.