Photograph was taken in my backyard late in the afternoon with only natural light. I stood so as to cast a shadow over the bear beause the light filtering through the trees cast sun light here and there on the bear. I cropped it a little then added a little light and shadows in Picasa.
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The composition is adorable. It really does look like a senior portrait. I think a little side lighting on the bear's face by using a reflector would have added a little more depth to the picture. Nicely done.
A little overexposed & the lighting is flat - yes, I know your outside & you could say you don't have control over the light (e.g. the sun) but you do. The first control you have is the time of day that you shoot. The quality of light & how it interacts with your subject is dramatically different at different times of the day. The second control is using things like reflectors & flags (black cloth) which work to shape the light for your subject.
Maybe that's more info than you ever would have wanted, but you never know...