How to Start an Interior Design Business in 6 Steps
Re-entering the workforce after dedicating years to raising a family can be challenging. If your time at home inspired a passion for creating beautiful, functional spaces, an interior design business offers both promise and flexibility. But instead of starting from scratch, why not consider the franchise route? Explore how to start an interior design business and what it takes to open your own shop.
While the number of dads who stay home to care for the kids is on the rise, mothers still shoulder the bulk of childcare responsibilities. The number of mothers who opted to stay home to raise their children is growing. At least 25% of mothers are stay-at-home parents, versus 15% in 2022, according to a survey of nearly 10,000 mothers conducted by Motherly.
If there’s a gap in your resume, finding an opportunity can be daunting. And finding the flexibility and economic security you desire at a new job can be tricky. Entrepreneurship paves a path forward. Business ownership offers a unique blend of flexibility, empowerment, and potential for growth, making it an attractive option for anyone returning to the workforce.
For those feeling overwhelmed by the idea of starting from scratch, franchising offers a solution. You get the freedom of entrepreneurship combined with a proven business model. It's a structured path toward success, which is especially helpful for those re-entering the workforce.
Learn About Interior Design Franchising
Demand for tasteful, functional spaces is helping propel the interior design industry. The interior design market is forecast to reach $79.6 billion by 2030. Homeowners are turning to interior designers to boost their property value and businesses rely on decorators to enhance the workplace environment. Evidence suggests a well-designed workspace improves productivity.
To understand if an interior design franchise will help you achieve your goals, let’s explore how to start an interior design business.
- Understand the franchise model: Unlike starting an independent business, a franchise provides a proven business model, brand recognition, and ongoing support. It's like getting a head start in the race, especially beneficial for those who've been out of the professional loop for a while.
- Evaluate your design sensibilities: Every designer has a unique touch. Reflect on personal design sensibilities. Some might lean towards cozy, family-friendly spaces, while others might prefer minimalist, clutter-free designs. Recognizing your perspective will help you determine which interior design business ideas align with your aesthetics.
- Research and choose a franchise: There are numerous interior design franchises available, each with its own niche. While some offer a broad range of services, others specialize in specific areas, like custom closets or home organizing. These niches address a genuine need, making them a lucrative choice for those looking to make a mark in the interior design industry. Given the demand for organized, functional spaces, franchises like The Tailored Closet, which focuses on custom solutions, present a solid opportunity.
- Secure financing and complete paperwork: Starting a franchise requires an initial investment. Research financing options, from bank loans to franchisor financing. Once the financial aspect is sorted, there will be franchise agreements to sign and legal requirements to navigate. The franchisor is there to guide and assist every step of the way.
- Undergo training and set up shop: Most franchises offer comprehensive training to new franchisees. This training covers everything from business operations to design techniques. After training, it's time to find a location, set up the space, and start attracting clients.
- Leverage franchisor support: With everything in place, it's time to launch the business. Franchise support doesn’t end at your grand opening. You’ll continue to receive ongoing assistance, from marketing to operational guidance.
Why The Tailored Closet?
If you want to pursue a future in interior design, The Tailored Closet taps into the demand for custom closets and home organizing solutions. It's a chance to build a legacy for your family and achieve self-sufficiency. The support and guidance provided by the franchise enable you to pursue entrepreneurship and keep family commitments a priority.
For an initial investment starting at $155,220, The Tailored Closet provides franchisees with a custom-fit business solution. We offer a proven brand, training, and support you need to serve customers. By partnering with The Tailored Closet, you can start a business backed by Home Franchise Concepts, a leader in the home services industry with 10 brands, including Budget Blinds, Concrete Craft, and Kitchen Tune-Up.
Inquire now to learn how you can remodel your future by partnering with The Tailored Closet to open a business.