|
A lot depends on the true motivation for setting up the studio.
If it is purely business, and you will not be in attendance, then there are many pitfalls and you should not invest more than you can afford to lose. You can reduce the risk, (but not remove it) by making sure that the money comes to you initially, and that you have a quick and cheap way to pay it out. Understanding this aspect is very important. Payout costs can quickly eat profits on small payouts. There are a couple of tricks I used when managing studios remote, that might help you but I am not going to post them here so if you want to know contact me via online support in the site in my sig.
If you are doing this to help out a "friend" (as many studios start out as) then obviously, the situation is a little different and will depend on what your objectives are.
|