In 2020, during COVID times, the interior design market saw an estimated worth of $150.7 billion.
In a post-COVID world, that value is soaring exponentially. By 2027, experts predict the industry could be worth an astonishing $255.4 billion.
Aside from the fantastic outlook of interior design, there are several other reasons to start your own interior design business. If you’ve been thinking about starting a business, keep reading for all the best reasons to take the leap.
1. Making a Career Out of Your Passion
Some might argue that doing what you love every day is the epitome of success.
If you’re a passionate creator, and you can monetize your talents, then you’re in a wonderful position to thrive. Being an interior designer allows you to see projects through from beginning to end, fostering a sense of deep accomplishment. When no two days (or clients) look the same, you’re sure to never become bored of your job.
Stagnant 9-5? That doesn’t exist in this world. Enjoy the creativity that each day has to offer you.
2. The Job Outlook Is Amazing
Aside from the market itself seeing an uptick, the individual jobs report also looks promising.
According to the New York Institute of Art and Design, the average interior designer salary of $51,500 is expected to grow by 4% by 2027.
That puts the average salary at about $53,560—and that’s not including all the room there is to grow.
3. Being Your Own Boss Is Rewarding
Another study by the NYIAD shows that most interior design students pursue opening their own firms.
If you’ve already worked for an established design firm or at a furnishing store, it’s time to move on and up. As your own boss, you’re in charge of choosing your own clients, executing all your own planning, and following your creativity above all else.
Having prior experience is incredibly helpful in learning what styles you want to focus on—and what you want to avoid. There’s nothing more rewarding than being in charge of your own workday!
4. An Interior Design Business Can Be Incredibly Lucrative
Whether you hire an interior design virtual assistant, open a second firm, take on more clients, or expand your offerings, there are so many ways to earn money in this career path.
If you’re busy—and congrats to you if that’s the case—you might consider hiring assistants to help with the hefty workload. Doing so allows you to keep earning without spreading yourself too thin. Successful companies might even set up satellite offices in other high-volume cities or offer additional services for their clients.
Being your own boss means you’ve got endless ways to contribute to your income, depending on your motivation!
From Designing to Business Management, You’ve Got This
Should you open your own interior design company?
All signs point to yes.
If you’re passionate, ready to BYOB (that’s code for be your own boss), and excited about the outlook of interior design careers, then you’re the perfect candidate for starting your own interior design business.
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