Our mission is to become the leading freelance and video production company in state, utilizing the latest technology to shift market share from competitors to Michael’s Video Service.
Start-up | |
Requirements | |
Start-up Expenses | |
Legal | $500 |
Stationery etc. | $200 |
Brochures | $300 |
Consultants | $1,000 |
Insurance | $1,200 |
Rent | $600 |
Expensed equipment | $10,000 |
Other | $1,200 |
Total Start-up Expenses | $15,000 |
Start-up Assets | |
Cash Required | $60,000 |
Start-up Inventory | $2,000 |
Other Current Assets | $0 |
Long-term Assets | $240,000 |
Total Assets | $302,000 |
Total Requirements | $317,000 |
Michael’s Video Service is in business to cover events and special occasions on a freelance basis. What we will be providing is an alternative solution for video companies or out of town television stations. Instead of them sending a crew or taking time out of their busy schedules, they can hire us to do the filming for them. This gives them the opportunity to focus on their core competencies.
We will attend any and every event that we will have to cover for our customer. Using our experience, we will find a strategic location from which we will film. Once the filming is complete, we will then deliver the tape to the customer.
Michael’s Video Service will contract video services to its target markets. Services are not only limited to the Denton, we are able to travel around the country. Our main goal is to contract our services to anyone who may need an event video taped.
The operation begins with the customer contacting Michael’s Video Service with the intent of using our services. All the details of the event are gathered and all the relevant information pertaining the specific requirements, as well as the delivery of the tape. Thereafter, we attend the event and proceed to do the filming. Once the filming is completed, the next step is to deliver the tape to the customer.
Analog is the old technology and digital is the new. Analog communication systems involve the amplitude modulation of a radio signal. In other words, they transmit and receive information through a continuous flow of electromagnetic signals. An inherent weakness of the technology is that analog signals weaken over distances and require additional equipment to boost them as they travel.
Digital cameras are the future of television broadcasting as well as the future of consumer camcorders. The FCC has mandated that all television stations must transmit a digital signal to the homes of its viewers by 2002.
In keeping up with the trends in the industry, we plan to purchase the latest digital equipment on the market. We plan to use the following equipment:
We plan to initially market our products and services as an alternative solution for television networks and video companies. These markets were selected because of their size, trends in technology, our experience with video production, our industry contacts, and an overall belief that they are most appropriate to initially target.
We aim to rapidly develop alliances with the major high schools to enable us to gain credibility as the best video production company. Our market strategy will be to advertise and capitalize on the products and services that our competitors do not have.
We expect to compete as a freelance video production company in the broadcasting industry. Companies in the industry are involved in the creation and delivery of various types of programming to consumers. Much of that programming is recorded on film, tape, or disk, so that it can be seen or heard repeatedly by both new audiences and those that are familiar with it. Many of the events that are broadcast live are likely to be recorded, with some or all of such events to be rebroadcast at future times.
Within this national market, Michael’s Video Service will initially focus on supplying its services to the high school market market. We intend to be the only freelance video company in the city and state to offer our services to companies of any size. Our goal is to be on the freelance list for all the major television networks for news and sports coverage in the southeast region of the United States.
Our customer is defined as any individual or organization that has need for one of the services we provide. Our target customers are as follows.
Market Analysis | |||||||
Year 1 | Year 2 | Year 3 | Year 4 | Year 5 | |||
Potential Customers | Growth | CAGR | |||||
TV stations | 5% | 600 | 630 | 662 | 695 | 730 | 5.03% |
Video production companies | 10% | 150 | 165 | 182 | 200 | 220 | 10.05% |
Movie directors and producers | 10% | 500 | 550 | 605 | 666 | 733 | 10.04% |
High schools | 5% | 160 | 168 | 176 | 185 | 194 | 4.94% |
Future brides and grooms | 20% | 900 | 1,080 | 1,296 | 1,555 | 1,866 | 20.00% |
Families | 15% | 260 | 299 | 344 | 396 | 455 | 15.02% |
Total | 13.05% | 2,570 | 2,892 | 3,265 | 3,697 | 4,198 | 13.05% |
Customers are expected to use our services based on traditional factors:
The major companies that compete in the market are:
All of our competitors specialize in one aspect of video production. We are a diversified company and we believe that there will be no down period for us. We are not seasonal based, our services are offered throughout the year. With our diversity, we will be able to attract the larger organizations that like to entrust one company to handle all of their affairs.
Michael’s Video Service will benefit from several significant barriers to entry which include:
The company plans to form strategic alliances with clients who require a freelancer to cover various events for them. Michael’s Video Service will also develop strategic alliances with video production companies and work with them as a sub-contractor.
By using Michael’s Video Service to cover various events for them, companies will be able to save time. They can then use this time saved to focus on their core competencies and the things that they do best. We are in business to provide a service that is second to none. As such, we guarantee that our customers will receive first class service and a final product that is well worth the money invested. To that end, we guarantee a full refund in the event that a customer is not satisfied. At Michael’s Video Service, we take pride in our work and it is our aim to be the best at what we do. We will conduct our business in a professional manner from our methods and character to our standards and ethics.
The following table and chart show our planned sales.
Sales Forecast | |||
Year 1 | Year 2 | Year 3 | |
Sales | |||
Video services | $149,000 | $175,000 | $191,000 |
Other | $0 | $0 | $0 |
Total Sales | $149,000 | $175,000 | $191,000 |
Direct Cost of Sales | Year 1 | Year 2 | Year 3 |
Video services | $4,800 | $5,700 | $6,600 |
Other | $0 | $0 | $0 |
Subtotal Direct Cost of Sales | $4,800 | $5,700 | $6,600 |
Sales, Distribution, and Marketing Channels
In marketing our products and services, we will rely on a combination of the following channels:
Alliances with video companies that have industry credibility, presence, and distribution are key to our strategy. In monitoring our services and market position, we will rely on feedback from customers with whom we have relationships. This will be done through direct sales. The message associated with our products and services is high quality for less money. Our promotional plan is diverse and will include a range of marketing communications.
We plan to set our pricing based on market value. Our actual price will be based on whether our services are required on a daily or an hourly basis. It is anticipated that we will charge $300 per hour and $1,000 per day. For out of town travel, additional charges will be added for expenses.
The company’s management philosophy will be based on responsibility and mutual respect. Michael Video Services will maintain an environment and structure that will encourage productivity and respect for customers and fellow employees. Additionally, the environment will encourage employees to have fun by allowing creative independence and providing challenges that are realistic and rewarding.
Michael’s Video Service’s management team is highly experienced and qualified. The management team is lead by Mr. Michael Morisson.
Personnel Plan | |||
Year 1 | Year 2 | Year 3 | |
Michael Morisson | $30,000 | $32,000 | $34,000 |
Other | $18,000 | $30,000 | $32,000 |
Total People | 2 | 3 | 3 |
Total Payroll | $48,000 | $62,000 | $66,000 |
We are requesting a loan of $300,000. The funds will be used to purchase video equipment and to cover initial operating expenses.
Payback Strategy
Our repayment for this loan will come from cash in excess of profits, paid monthly. The increase in profits generated by business from television stations will provide funds to repay the loan in 10 years.
The table below highlights some assumptions that are key to the success of the company.
General Assumptions | |||
Year 1 | Year 2 | Year 3 | |
Plan Month | 1 | 2 | 3 |
Current Interest Rate | 10.00% | 10.00% | 10.00% |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% |
Tax Rate | 25.42% | 25.00% | 25.42% |
Other | 0 | 0 | 0 |
For our Break-even Analysis, we assume running costs of approximately $9,000 per month, which includes gas, phone, and an estimation of other running costs. Variable costs mostly include video tapes. The chart and table below show our break-even point.
Break-even Analysis | |
Monthly Revenue Break-even | $9,351 |
Assumptions: | |
Average Percent Variable Cost | 3% |
Estimated Monthly Fixed Cost | $9,050 |
The table below provides the projected income statements for Michael’s Video Service. The company is basing its revenue projections on anticipated sales of services, initially to the television networks and video companies, then to other markets such as high school events and weddings.
Pro Forma Profit and Loss | |||
Year 1 | Year 2 | Year 3 | |
Sales | $149,000 | $175,000 | $191,000 |
Direct Cost of Sales | $4,800 | $5,700 | $6,600 |
Other | $0 | $0 | $0 |
Total Cost of Sales | $4,800 | $5,700 | $6,600 |
Gross Margin | $144,200 | $169,300 | $184,400 |
Gross Margin % | 96.78% | 96.74% | 96.54% |
Expenses | |||
Payroll | $48,000 | $62,000 | $66,000 |
Sales and Marketing and Other Expenses | $18,600 | $21,400 | $24,600 |
Depreciation | $24,000 | $24,000 | $24,000 |
Gas | $4,800 | $5,700 | $6,600 |
Utilities & phone | $2,400 | $3,000 | $3,600 |
Rent | $3,600 | $3,600 | $3,600 |
Payroll Taxes | $7,200 | $9,300 | $9,900 |
Other | $0 | $0 | $0 |
Total Operating Expenses | $108,600 | $129,000 | $138,300 |
Profit Before Interest and Taxes | $35,600 | $40,300 | $46,100 |
EBITDA | $59,600 | $64,300 | $70,100 |
Interest Expense | $30,000 | $28,984 | $26,844 |
Taxes Incurred | $1,065 | $2,829 | $4,894 |
Net Profit | $4,535 | $8,487 | $14,362 |
Net Profit/Sales | 3.04% | 4.85% | 7.52% |
The company recognizes that it is subject to both market and industry risks. We believe our risks are as follows, and we are addressing each as indicated. We face all the risks associated with being a start-up company. We feel that we can overcome these with our experience in the industry and by quickly establishing desired relationships. The economy in south Ohio is based on the oil and gas industry, which is very unstable. Having seen the oil bust in the 1980’s and its effects on the economy, we have diversified our efforts and will be going after markets that will not be affected by fluctuations in the oil and gas industry.
The following chart and table present the cash flow assumptions for the company.
Pro Forma Cash Flow | |||
Year 1 | Year 2 | Year 3 | |
Cash Received | |||
Cash from Operations | |||
Cash Sales | $37,250 | $43,750 | $47,750 |
Cash from Receivables | $90,375 | $127,520 | $140,955 |
Subtotal Cash from Operations | $127,625 | $171,270 | $188,705 |
Additional Cash Received | |||
Sales Tax, VAT, HST/GST Received | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 |
New Other Liabilities (interest-free) | $0 | $0 | $0 |
New Long-term Liabilities | $0 | $0 | $0 |
Sales of Other Current Assets | $0 | $0 | $0 |
Sales of Long-term Assets | $0 | $0 | $0 |
New Investment Received | $0 | $0 | $0 |
Subtotal Cash Received | $127,625 | $171,270 | $188,705 |
Expenditures | Year 1 | Year 2 | Year 3 |
Expenditures from Operations | |||
Cash Spending | $48,000 | $62,000 | $66,000 |
Bill Payments | $64,802 | $80,965 | $86,360 |
Subtotal Spent on Operations | $112,802 | $142,965 | $152,360 |
Additional Cash Spent | |||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 |
Principal Repayment of Current Borrowing | $0 | $0 | $0 |
Other Liabilities Principal Repayment | $0 | $0 | $0 |
Long-term Liabilities Principal Repayment | $0 | $20,330 | $22,458 |
Purchase Other Current Assets | $0 | $0 | $0 |
Purchase Long-term Assets | $0 | $0 | $0 |
Dividends | $0 | $0 | $0 |
Subtotal Cash Spent | $112,802 | $163,295 | $174,818 |
Net Cash Flow | $14,823 | $7,975 | $13,887 |
Cash Balance | $74,823 | $82,798 | $96,685 |
Projected balance sheets are provided below.
Pro Forma Balance Sheet | |||
Year 1 | Year 2 | Year 3 | |
Assets | |||
Current Assets | |||
Cash | $74,823 | $82,798 | $96,685 |
Accounts Receivable | $21,375 | $25,105 | $27,400 |
Inventory | $1,200 | $1,425 | $1,650 |
Other Current Assets | $0 | $0 | $0 |
Total Current Assets | $97,398 | $109,328 | $125,736 |
Long-term Assets | |||
Long-term Assets | $240,000 | $240,000 | $240,000 |
Accumulated Depreciation | $24,000 | $48,000 | $72,000 |
Total Long-term Assets | $216,000 | $192,000 | $168,000 |
Total Assets | $313,398 | $301,328 | $293,736 |
Liabilities and Capital | Year 1 | Year 2 | Year 3 |
Current Liabilities | |||
Accounts Payable | $6,863 | $6,636 | $7,139 |
Current Borrowing | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 |
Subtotal Current Liabilities | $6,863 | $6,636 | $7,139 |
Long-term Liabilities | $300,000 | $279,670 | $257,212 |
Total Liabilities | $306,863 | $286,306 | $264,351 |
Paid-in Capital | $17,000 | $17,000 | $17,000 |
Retained Earnings | ($15,000) | ($10,465) | ($1,978) |
Earnings | $4,535 | $8,487 | $14,362 |
Total Capital | $6,535 | $15,022 | $29,384 |
Total Liabilities and Capital | $313,398 | $301,328 | $293,736 |
Net Worth | $6,535 | $15,022 | $29,384 |
The following table presents important business ratios from the motion picture production industry, as determined by the Standard Industry Classification (SIC) Index code 7812, Motion Picture and Video Production.
Ratio Analysis | ||||
Year 1 | Year 2 | Year 3 | Industry Profile | |
Sales Growth | 0.00% | 17.45% | 9.14% | 0.00% |
Percent of Total Assets | ||||
Accounts Receivable | 6.82% | 8.33% | 9.33% | 0.00% |
Inventory | 0.38% | 0.47% | 0.56% | 0.00% |
Other Current Assets | 0.00% | 0.00% | 0.00% | 100.00% |
Total Current Assets | 31.08% | 36.28% | 42.81% | 100.00% |
Long-term Assets | 68.92% | 63.72% | 57.19% | 0.00% |
Total Assets | 100.00% | 100.00% | 100.00% | 100.00% |
Current Liabilities | 2.19% | 2.20% | 2.43% | 0.00% |
Long-term Liabilities | 95.72% | 92.81% | 87.57% | 0.00% |
Total Liabilities | 97.91% | 95.01% | 90.00% | 0.00% |
Net Worth | 2.09% | 4.99% | 10.00% | 100.00% |
Percent of Sales | ||||
Sales | 100.00% | 100.00% | 100.00% | 100.00% |
Gross Margin | 96.78% | 96.74% | 96.54% | 0.00% |
Selling, General & Administrative Expenses | 93.96% | 91.89% | 88.98% | 0.00% |
Advertising Expenses | 4.03% | 4.00% | 4.19% | 0.00% |
Profit Before Interest and Taxes | 23.89% | 23.03% | 24.14% | 0.00% |
Main Ratios | ||||
Current | 14.19 | 16.48 | 17.61 | 0.00 |
Quick | 14.02 | 16.26 | 17.38 | 0.00 |
Total Debt to Total Assets | 97.91% | 95.01% | 90.00% | 0.00% |
Pre-tax Return on Net Worth | 85.69% | 75.33% | 65.53% | 0.00% |
Pre-tax Return on Assets | 1.79% | 3.76% | 6.56% | 0.00% |
Additional Ratios | Year 1 | Year 2 | Year 3 | |
Net Profit Margin | 3.04% | 4.85% | 7.52% | n.a |
Return on Equity | 69.40% | 56.50% | 48.88% | n.a |
Activity Ratios | ||||
Accounts Receivable Turnover | 5.23 | 5.23 | 5.23 | n.a |
Collection Days | 57 | 65 | 67 | n.a |
Inventory Turnover | 4.50 | 4.34 | 4.29 | n.a |
Accounts Payable Turnover | 10.44 | 12.17 | 12.17 | n.a |
Payment Days | 27 | 31 | 29 | n.a |
Total Asset Turnover | 0.48 | 0.58 | 0.65 | n.a |
Debt Ratios | ||||
Debt to Net Worth | 46.96 | 19.06 | 9.00 | n.a |
Current Liab. to Liab. | 0.02 | 0.02 | 0.03 | n.a |
Liquidity Ratios | ||||
Net Working Capital | $90,535 | $102,692 | $118,596 | n.a |
Interest Coverage | 1.19 | 1.39 | 1.72 | n.a |
Additional Ratios | ||||
Assets to Sales | 2.10 | 1.72 | 1.54 | n.a |
Current Debt/Total Assets | 2% | 2% | 2% | n.a |
Acid Test | 10.90 | 12.48 | 13.54 | n.a |
Sales/Net Worth | 22.80 | 11.65 | 6.50 | n.a |
Dividend Payout | 0.00 | 0.00 | 0.00 | n.a |
Sales Forecast | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | |||||||||||||
Video services | 0% | $5,000 | $7,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $14,000 |
Other | 0% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Sales | $5,000 | $7,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $14,000 | |
Direct Cost of Sales | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Video services | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Direct Cost of Sales | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 |
Personnel Plan | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Michael Morisson | 0% | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 |
Other | 0% | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 | $1,500 |
Total People | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | 2 | |
Total Payroll | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 |
General Assumptions | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Plan Month | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 | 10 | 11 | 12 | |
Current Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Long-term Interest Rate | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | 10.00% | |
Tax Rate | 30.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | 25.00% | |
Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Pro Forma Profit and Loss | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Sales | $5,000 | $7,000 | $12,000 | $13,000 | $13,000 | $13,000 | $14,000 | $14,000 | $14,000 | $15,000 | $15,000 | $14,000 | |
Direct Cost of Sales | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Cost of Sales | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Gross Margin | $4,600 | $6,600 | $11,600 | $12,600 | $12,600 | $12,600 | $13,600 | $13,600 | $13,600 | $14,600 | $14,600 | $13,600 | |
Gross Margin % | 92.00% | 94.29% | 96.67% | 96.92% | 96.92% | 96.92% | 97.14% | 97.14% | 97.14% | 97.33% | 97.33% | 97.14% | |
Expenses | |||||||||||||
Payroll | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
Sales and Marketing and Other Expenses | $1,300 | $1,300 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | $1,600 | |
Depreciation | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | $2,000 | |
Gas | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | $400 | |
Utilities & phone | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | $200 | |
Rent | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | $300 | |
Payroll Taxes | 15% | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 | $600 |
Other | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Total Operating Expenses | $8,800 | $8,800 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | $9,100 | |
Profit Before Interest and Taxes | ($4,200) | ($2,200) | $2,500 | $3,500 | $3,500 | $3,500 | $4,500 | $4,500 | $4,500 | $5,500 | $5,500 | $4,500 | |
EBITDA | ($2,200) | ($200) | $4,500 | $5,500 | $5,500 | $5,500 | $6,500 | $6,500 | $6,500 | $7,500 | $7,500 | $6,500 | |
Interest Expense | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | $2,500 | |
Taxes Incurred | ($2,010) | ($1,175) | $0 | $250 | $250 | $250 | $500 | $500 | $500 | $750 | $750 | $500 | |
Net Profit | ($4,690) | ($3,525) | $0 | $750 | $750 | $750 | $1,500 | $1,500 | $1,500 | $2,250 | $2,250 | $1,500 | |
Net Profit/Sales | -93.80% | -50.36% | 0.00% | 5.77% | 5.77% | 5.77% | 10.71% | 10.71% | 10.71% | 15.00% | 15.00% | 10.71% |
Pro Forma Cash Flow | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Cash Received | |||||||||||||
Cash from Operations | |||||||||||||
Cash Sales | $1,250 | $1,750 | $3,000 | $3,250 | $3,250 | $3,250 | $3,500 | $3,500 | $3,500 | $3,750 | $3,750 | $3,500 | |
Cash from Receivables | $0 | $125 | $3,800 | $5,375 | $9,025 | $9,750 | $9,750 | $9,775 | $10,500 | $10,500 | $10,525 | $11,250 | |
Subtotal Cash from Operations | $1,250 | $1,875 | $6,800 | $8,625 | $12,275 | $13,000 | $13,250 | $13,275 | $14,000 | $14,250 | $14,275 | $14,750 | |
Additional Cash Received | |||||||||||||
Sales Tax, VAT, HST/GST Received | 0.00% | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
New Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Other Liabilities (interest-free) | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Long-term Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Sales of Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
New Investment Received | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Received | $1,250 | $1,875 | $6,800 | $8,625 | $12,275 | $13,000 | $13,250 | $13,275 | $14,000 | $14,250 | $14,275 | $14,750 | |
Expenditures | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Expenditures from Operations | |||||||||||||
Cash Spending | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | $4,000 | |
Bill Payments | $110 | $3,318 | $4,174 | $5,642 | $6,817 | $5,850 | $5,892 | $7,067 | $6,133 | $7,075 | $6,350 | $6,375 | |
Subtotal Spent on Operations | $4,110 | $7,318 | $8,174 | $9,642 | $10,817 | $9,850 | $9,892 | $11,067 | $10,133 | $11,075 | $10,350 | $10,375 | |
Additional Cash Spent | |||||||||||||
Sales Tax, VAT, HST/GST Paid Out | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Principal Repayment of Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Other Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Long-term Liabilities Principal Repayment | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Purchase Long-term Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Dividends | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | |
Subtotal Cash Spent | $4,110 | $7,318 | $8,174 | $9,642 | $10,817 | $9,850 | $9,892 | $11,067 | $10,133 | $11,075 | $10,350 | $10,375 | |
Net Cash Flow | ($2,860) | ($5,443) | ($1,374) | ($1,017) | $1,458 | $3,150 | $3,358 | $2,208 | $3,867 | $3,175 | $3,925 | $4,375 | |
Cash Balance | $57,140 | $51,698 | $50,323 | $49,307 | $50,765 | $53,915 | $57,273 | $59,482 | $63,348 | $66,523 | $70,448 | $74,823 |
Pro Forma Balance Sheet | |||||||||||||
Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | ||
Assets | Starting Balances | ||||||||||||
Current Assets | |||||||||||||
Cash | $60,000 | $57,140 | $51,698 | $50,323 | $49,307 | $50,765 | $53,915 | $57,273 | $59,482 | $63,348 | $66,523 | $70,448 | $74,823 |
Accounts Receivable | $0 | $3,750 | $8,875 | $14,075 | $18,450 | $19,175 | $19,175 | $19,925 | $20,650 | $20,650 | $21,400 | $22,125 | $21,375 |
Inventory | $2,000 | $1,600 | $1,200 | $800 | $1,400 | $1,000 | $600 | $1,200 | $800 | $1,400 | $1,000 | $600 | $1,200 |
Other Current Assets | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Total Current Assets | $62,000 | $62,490 | $61,773 | $65,198 | $69,157 | $70,940 | $73,690 | $78,398 | $80,932 | $85,398 | $88,923 | $93,173 | $97,398 |
Long-term Assets | |||||||||||||
Long-term Assets | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 | $240,000 |
Accumulated Depreciation | $0 | $2,000 | $4,000 | $6,000 | $8,000 | $10,000 | $12,000 | $14,000 | $16,000 | $18,000 | $20,000 | $22,000 | $24,000 |
Total Long-term Assets | $240,000 | $238,000 | $236,000 | $234,000 | $232,000 | $230,000 | $228,000 | $226,000 | $224,000 | $222,000 | $220,000 | $218,000 | $216,000 |
Total Assets | $302,000 | $300,490 | $297,773 | $299,198 | $301,157 | $300,940 | $301,690 | $304,398 | $304,932 | $307,398 | $308,923 | $311,173 | $313,398 |
Liabilities and Capital | Month 1 | Month 2 | Month 3 | Month 4 | Month 5 | Month 6 | Month 7 | Month 8 | Month 9 | Month 10 | Month 11 | Month 12 | |
Current Liabilities | |||||||||||||
Accounts Payable | $0 | $3,180 | $3,988 | $5,413 | $6,622 | $5,655 | $5,655 | $6,863 | $5,897 | $6,863 | $6,138 | $6,138 | $6,863 |
Current Borrowing | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Other Current Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
Subtotal Current Liabilities | $0 | $3,180 | $3,988 | $5,413 | $6,622 | $5,655 | $5,655 | $6,863 | $5,897 | $6,863 | $6,138 | $6,138 | $6,863 |
Long-term Liabilities | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 | $300,000 |
Total Liabilities | $300,000 | $303,180 | $303,988 | $305,413 | $306,622 | $305,655 | $305,655 | $306,863 | $305,897 | $306,863 | $306,138 | $306,138 | $306,863 |
Paid-in Capital | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 | $17,000 |
Retained Earnings | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) | ($15,000) |
Earnings | $0 | ($4,690) | ($8,215) | ($8,215) | ($7,465) | ($6,715) | ($5,965) | ($4,465) | ($2,965) | ($1,465) | $785 | $3,035 | $4,535 |
Total Capital | $2,000 | ($2,690) | ($6,215) | ($6,215) | ($5,465) | ($4,715) | ($3,965) | ($2,465) | ($965) | $535 | $2,785 | $5,035 | $6,535 |
Total Liabilities and Capital | $302,000 | $300,490 | $297,773 | $299,198 | $301,157 | $300,940 | $301,690 | $304,398 | $304,932 | $307,398 | $308,923 | $311,173 | $313,398 |
Net Worth | $2,000 | ($2,690) | ($6,215) | ($6,215) | ($5,465) | ($4,715) | ($3,965) | ($2,465) | ($965) | $535 | $2,785 | $5,035 | $6,535 |
Fill-in-the-blanks and automatic financials make it easy.
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How to Write a Film Business Plan is the Number 1 goal of most of our filmmakers, so we wrote a FREE How to Write a Movie Business Plan E-Course (sign up FREE right here and start immediately). Our entire Business Plan E-Course is also included in our Film Financing Manual , so if you're on the fast track to film financing and don't want to wait 8 weeks, get it all in the manual and go at your own pace.
Writing a business plan can be overwhelming to some, and while our FilmProposals Bundles & Toolkits will save you hundreds of hours with prewritten text and templates and speed up your learning curve by showing you how to complete complicated financial projections, there is still a lot of information to process. We designed this Film Business Plan Course to be sent once per week to break the process of writing your business plan into manageable pieces, and to keep you accountable and focused. In case you can't see the sign up form, try here .
Our goal is that no matter where you in the process of making your film, we help you to succeed with really understanding the entire business side of the film industry. Each week you'll receive your homework assignments, and if you follow along and stick to the plan, it will be 10 short weeks until you have a complete film business plan and are totally ready to approach the film investors we teach you to find.
Some areas the course covers are as follows:
A business plan is only as good as the company or organization behind it, so you will have to remove your creative filmmaker thinking cap and be willing to think like and wear the hat of an investor...or be willing to hire people to do this for you. We show you exactly how to do this, where to find the right people for your film and how to best showcase all your team's talent in your Business Plan.
Top of How to Write a Film Business Plan
Do you know what makes your independent film special and sets it apart from the others? Do you know the answer to this question in such a way that it makes it clear your film is a good investment? While your film may have a great social message or even its potential cast and production are merits you wish to highlight, know the investor reads every word in your plan with the mind and eye of a business person. We want to ensure the content of your plan continually reinforces there is a promising opportunity for return on investment and we show you how to make it look like your project does just that.
You should write your industry section as if you are describing the ins and outs of the industry to someone who does not know the film business at all. Statistics, history, industry successes, how and why the industry is growing, both domestically and internationally, and home video streaming trends are some of the areas you will cover in this part of the feature film business plan.
One of the MOST important questions you are going to ask yourself while writing your your film business plan is, "Who is going to pay money to see your independent film?" Who is your target market? Where are they? How many of them are there? What are their movie-going habits? How and where do they spend their money? What are their other habits that might piggy-back well with film? We show you dozens of resources to help you answer these questions and make a compelling case to your investors that your film does, indeed, have solid market potential.
In order to effectively convince your film financing investors and build a solid feature film business plan, you will need to understand the ins and outs of film investment. Learn about multiple financing sources, such as cash, soft and hard money and multiple other ways of coming up with your negative pick up costs and how to show investors you've put real financial value into your project - even if you have NO cash to add!
How are you going to maximize the distribution of your film? Here is what the Wall Street Journal tells film investors when advising them on the BEST films in which to invest, "...as with any business investment, you want to see a well-conceived marketing and distribution plan that makes sense and isn't built on hope." We want YOU to have your own distribution plan that makes sense, whether traditional distribution S/VOD, TVOD and all the various combinations of distribution channels and release types.
If you think the hard part of writing a film business plan is the Financial Projections, don't worry for a minute. We break this down for you in an easy to follow and understand format. We tell you what potential investors will expect to see, how to choose the correct films for comparison, all disclosures and risk statements required and much more.
What else do you need to know about writing a Film Business Plan? After this course, you will know so much more about YOUR film and about the movie business and film industry. We'll go through some additional investors, keys to film financing and leave you with all the right tools, tips and templates to complete your business plan.
While our FilmProposals Bundles & Toolkits will save you hundreds of hours with prewritten text and templates and speed up your learning curve by showing you how to complete complicated financial projections, there is still a lot of information to process. We designed this FREE Film Business Plan Course to be sent once per week to break the process of writing your business plan into manageable pieces, and to keep you accountable and focused. In case you can't see the sign up form, try here .
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Finished my deck on Friday. Got it into a few potential investor’s hands over the weekend, and by Monday had 3 out of the 10 available memberships spoken for at $160K each. The revenue projections and film comparable services by NASH, along with the business plan and pitch deck templates were instrumental in presenting the project in such a way that financially minded potential investors could understand the movie business, the market and how my project could possibly give them a substantial ROI. Melissa was amazing throughout the entire process. Always there to answer any questions. Couldn’t have done it without you guys. Can’t thank you enough. Best money I’ve ever spent. - Michael F, Executive Producer, Inside Sportfishing ( Gold + Financials Bundle )
Film / video production company business plan sample.
A film company is basically in three types: development, production, and distribution. Generally, films cannot be produced without any sort of partnership between any two or more of these various types of film companies.
How far you will go in the film industry will largely be dependent upon your personal abilities, experience in the industry, networking relationships, and a host of other things.
In this article, I would love to share with you a number of steps you must have to take in starting your film company.
Need to write a plan for your venture? Download a FREE Business Plan PDF Sample to develop a template for your own startup.
This is the very first step you will have to take in starting your film company. First and foremost, you must carry out a very detailed research on the film industry and decide upon which area you will want to put your talents into use to best see results.
Research on the local film companies in your area, and see what they are doing, and how they are doing it. Pay special attention to the things they are doing well and the things they not doing well. This will help you see areas in the industry where you can take real advantage of.
It will be very helpful if you have some sort of experience in the film industry. If you do not have some level of experience, ensure you get a few years experience in the area you would love to focus on. The bottom line is; you should do everything within your means to learn everything you can about the film industry. This will afford you lots of success in starting your film company.
Now, you must get set to go register your film company. Select a good business name and head to the local authorities responsible for business registration in your country, state or area. Make sure to be creative with your business name because this will be your brand name and what you will be identified with.
Most film companies operate as a Limited Liability Company (LLC); you may also want to adopt this business type.
Ensure you have an attorney to help you with all the legal startup processes and subsequent legal processes in the course of managing your film company.
Managing a film company will require finance. You must be able to determine the source of securing finance for your film company. Most filmmakers secure funds for their film company through advances from credit card cash; others secure finance from family, friends, and associates.
If you will be thinking in the line of securing finance from prospective investors, and the bank; then you must be prepared to write a very good business plan for your film company, partnered with good experience in the industry.
In running your film company, you will need to set up a team, and hire contractors. Each film production is an entire business on its own, after which, the contractors move on to other works. You will spend your resources organising a team of staffs, producers and contractors to handle each film production.
Usually, film companies do not have permanent offices; office spaces are rented for the period of time the production will go on.
You will require setting up secretariat staffs and office assistants to facilitate the proper operation of your film company. Most film companies require the services of the following 4 key employees: head of development, head of production, head of post-production, and head of film sales and distribution.
In operating your film company, you will not necessarily require a permanent office space for doing your production.
All you need is a temporary office for every single film production. Most of your time will be spent on networking; meeting with stars, producers, directors, investors; and seeking for new projects.
You will also have to secure good and functioning equipment for your film production. You may not necessarily need more than a phone, a computer, and some other equipment when it comes to running your film company.
Nothing will guarantee you more success in running your film making company other than a solidly written film business plan. There are several film company types: development, production, and distribution are all the various types you could focus on.
Once you have decided upon the business type, and the film company type you would want to operate in the film industry, make sure you put everything down in a good movie production business plan.
In your business plan, make sure you detail the source of financing your film company, and also make sure you have a distribution plan detailed in your movie making business plan.
A big part of the success of your film company will result from networking and promoting your brand. There is never a thing as talking too much about your film company and your projects. Keep spreading the word out there. Get it out to as much people as you can.
Develop a website for your film company and encourage people to visit it. Go public on radio, television, newspapers, entertainment magazines, and social media. Have a handy business card and make sure to give it out always, whenever and wherever you meet people. Attend seminars and events and seize the opportunity to talk to producers, directors, and star actors about your film company.
Here is a sample business plan for starting a video and movie production company.
BUSINESS NAME: Sun Light Film and Video Production Company.
Executive Summary
Our Products and Services
Vision Statement
Mission Statement
Business Structure
Sales and Marketing Strategy
Sales Forecast
Sun Light Film and Video Production Company is a Film and Video Production company that has fully been registered and licensed to operate in New York, United States of America. We have made sure to provide the necessary equipment and facility so as to make our Film and Video Production Company a standard business that will be able to compete with the top businesses in the industry in the whole of the United States of America.
Launching this business would require huge capital from the owner and investors. So far, the owner, Ademola Williams, has been able to raise a major part of the startup capital. The other part will be generated from his business partners and investors, and also from the owner’s bank.
As regards our products and services offering, we will not leave any stone unturned. Sun Light Film and Video Production Company will be built to be very competitive in the industry.
We will nurture our business so as to be able to fully compete with the top Film and Video Production companies in the whole of the United States of America. The following are the products and services we will be offering to our customers:
Our vision is very simple, and we will do our best to achieve it. Our vision in the Film and Production industry is to become the number one Film and Video Production Company in all of New York, and to be rated as among the top 10 Film and Video Production Companies in the whole of the United States of America.
Our mission in the Film and Video Production industry is to build and nurture a brand that will not only be known for being standard, but will also be known for delivering very quality and standard movies which all consumers will be able to appreciate not only in the United States of America but also around various parts of the world.
To a great extent, how successful a business would be largely depends on the business structure of the business and also on the quality possessed by the individuals occupying the various roles in the organization.
Sun Light Film and Video Production Company will be a business that will be occupied by very qualified, honest, and competent individuals.
The following are the various roles which will be occupied by the individuals who fulfil our criteria:
Market Analysis Market Trends
One interesting trend in the Film and Video industry is the viewing of online videos. Statistics has it that hundreds of millions of Americans view online video contents on average daily. This figure is increasing for each day annually, and going forward, this trend will only continue.
Target Market
Having done our research thoroughly, we have come up with the following as the groups making up our target market:
We well know what we want in the industry, and we will do well to accomplish our goal in the industry. In the light of this, we will make sure to recruit our sales and marketing team based on qualification and experience.
Also, we have been able to consult sales and marketing experts, and with their help, we have been able to come up with the following sales and marketing strategies on how to go about promoting our business:
Financial Plan Source of Startup Capital
It will cost us a total of $1,000,000 to fully launch our Film and Video Production Company in New York. This amount covers all of our initial expenses including cost of equipment and salary of employees for the first three months.
So far, Ademola Williams have been able to raise $600,000 from his investment and the sales of some of his assets. $200,000 will be contributed by his business partners and investors, while the other part will be sourced from the bank.
First Fiscal Year $1,000,000 Second Fiscal Year $1,750,000 Third Fiscal Year $2,000,000
Above is the sales projection for Sun Light Film and Video Production Company, which has been obtained from available statistical data in the industry. This sales forecast will help us with a concrete guide upon which our annual sales revenue will be checked against.
Above is a very simple and easy-to-use Film and Video Production business plan sample bearing the business name ‘Sun Light Film and Video Production Company’. The business will be owned and run by Ademola Williams, alongside his business partners and investors.
Film business plans. Whether you’ve learned how to make one in film school or not, it’s likely that it’s an essential aspect of your production that you could be overlooking at your own risk.
Those involved in making movies tend to be creative folk and view spending hours pouring over figures on a spreadsheet as anathema to the craft. Even some of the pros dread this unavoidable task… and don’t think that you’re not “pro” enough to get away without doing one.
Even if you’re operating on a micro-budget , it’s still a good idea to get to grips with the best practices of compiling a solid film business plan. It’ll help keep you right on path, it’s good practice for your future career, and it might just help you see the bigger picture and drive you to finish the project.
Today, we’re going to take the sting out of the tail by offering some guidance on how to get started.
You’ll also be pleased to hear that it’s nowhere near as arduous a task as it may seem, which brings us onto our first business plan tip:
As is often experienced in screenwriting , putting pen to paper in the first place is usually the hard part. Once you get going, you find your brain kicking into high gear (sometimes to the extent that it’s hard to stop typing!)
The same is true of film business plans. Initially, you might feel like the proverbial rabbit in headlights with no idea how you can possibly account for what you might be spending in the future. However, by starting with the very basic and known figures you do have, you’ll slowly begin to break the back of the spreadsheet and the rest should follow naturally.
And remember, you can always go back and revise things, so don’t be afraid to start jotting down random numbers with the intent to refine them at a later date.
Not the movie’s audience; we’re talking about the people who are most interested in your film business plan.
Don’t make the classic mistake of assuming investors and potential production collaborators want to see every dime and nickel accounted for, because they really don’t.
What they want you to answer as concisely (and accurately) as possible is this: H ow are you going to sell the movie, and what will be the return on investment?
And that’s it. Everything else is secondary.
Of course, you’ll probably want to keep a more detailed plan for your own reference and that can be produced if requested, but strip out extraneous details that won’t be of interest to an investor (they don’t want to know the hourly rates of every show runner working on set; they just want to know how much it’ll all cost.)
There are a few more sub-sets of this question that you’ll probably tackle along the way, including:
Thinking about these questions will get you ready to pitch your movie efficiently at the drop of a hat, and will help shape your business plan as you put it together. There are a number of other questions over on the Raindance website which you can expect investors to ask, so do check those out.
And on the topic of how to go about answering a potential investor’s concerns…
The following is by no means exhaustive (and not all of it may be necessary for your particular business plan), but here’s the meat and potatoes that most filmmakers use to convey their pitch:
Outline: A very brief summary of the screenplay — ideally just your logline — and some key figures regarding financial requirements. Bullet points regarding your previous work (or any notable team members) may be of benefit but only if they really are selling points, otherwise, brevity is preferred.
Shooting Schedule: A detailed plan outlining every expected cost behind each scene of the screenplay, including any props needed, cost of travel to locations, and compensation to crew members. A highly important part of the business plan which you may want to work on with the rest of the team, this will be the foundation of an accurate budget projection.
Production Budget: The shooting schedule total, plus the overall production expenditure of the movie.
Marketing Plan: The movie’s target demographics, how you’re going to get it in front of them, and how much that advertizing will cost, as well as conversion rates between how many people you’re expecting to reach and how many of those will go see the movie/buy the DVD.
Distribution Plan: The costs, profits, and expected reach of physical media sales (and the same for online streaming.) If you have details regarding the profits you’re hoping to make from rights sales, this is the place to add them.
Revenue/Profit Projections: Based on extensive market research (rather than guesswork or comparing your film to something similar that was released back in 1992), here you’ll get the chance to really hook the investor by outlaying expected profits and how much of those they’ll receive.
Letters of Intent: A hugely valued part of the business plan which can really pull an investor. Don’t just stop at crew members; letters of intent from other investors really inspire confidence, and don’t forget to also hit up relevant insurance companies covering the production.
You’ll want to close the package off with your executive summary— one or two pages delving more extensively into why the screenplay is a winner, the talent working on the movie and why the investor would be a fool to miss out (although not in those words, obviously!)
Rather than seeing your film business plan as an unavoidable headache, instead see it for what it is, i.e the tool you need to attract funding. Sounds a lot more alluring that way, doesn’t it?
Stay focused and get your film business plan nailed down as a matter of priority. The sooner you do, the sooner you can focus on the task at hand: getting to work on your big idea.
Best of luck!
[su_note]Learn more about the Film School at the New York Film Academy by clicking here .[/su_note]
Film production plan, 14+ sample film production plan, what is a film production plan, roles of the production team, how to write a film production plan, phases of film production, what is a film financial plan, what is the purpose of a production plan, what should i study for film production.
Step 1: write the project plan, step 2: take note as you brainstorm, step 3: draft a storyboard, step 4: create a shot list, step 5: prepare the call sheet, share this post on your network, you may also like these articles.
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Published Aug.12, 2015
Updated Apr.22, 2024
By: Jakub Babkins
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Table of Content
The entrepreneur who owns a film production company has likely been through the film company business plan development process at least once. However, this particular type of business is a bit different than most other businesses because each film project is likely to need investors. That means a unique film business plan is required each time a new film is produced.
Needless to say the production company owner has a lot riding on the quality of the film business plan. Investors interested in funding films do so only when a best bussiness plan contains the elements of a successful film production, like a well-written script, experienced crew members, and good starring talent
The film industry is very competitive, meaning potential investors expect the producer to have a detailed production, marketing, and distribution plan, among other success factors. Investors will look for:
• Product: Tested script – The script is a crucial component of the final product – the film. It should be read multiple times by a variety of people, including actors and producers, to test interest and quality, and to get an assessment as to whether the anticipated costs match the complexity of the script.
• Shooting schedule – The shooting schedule not only influences the film budget, it impacts the timeframe investors can expect to get a return on their investment.
• Distribution plan – This section describes the process used to distribute the film and how distribution rights are designed. There are many possible distribution channels today, including pay-per-view, big-screen theaters, cable companies, DVD, and others.
• Marketing plan – It takes careful and inspired marketing to target the population segment most likely to appreciate the film. In this case, marketing will address how the film compares to other films of the same genre, the advertising and marketing strategies developed, the cost of marketing, and so on.
• Financial plan – The financial plan includes the cost of producing the film, but the entrepreneur must find a way to project revenues. One strategy is to determine the amount of sales made through distribution rights. Another business strategy services is to review what similar films generated in revenue. Resources like Box Office Mojo and Hollywood Reporter provide data concerning box office grosses.
Specific to the Industry
The film marketing plan includes the standard sections like the Executive Summary, Company Description, Management Summary, Operations Plan, Marketing Plan, and Financial Plan. However, it also needs to include the information specific to the film industry, like the film summary and film industry overview.
There are many investors willing to fund new creative entrepreneurs, if the film package is based on a film company business plan . Contact OGS Capital for assistance with development of the film business plan that can be used to apply for private investments, loans or grants, and crowdfunding. The business consultants at OGS Capital have the expertise needed to prepare a high-quality film package and a network of investor contacts. Fill in the short online contact form to get started.
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Additional resources in the film production industry.
Starting a film production business can be very profitable. With proper planning, execution and hard work, you can enjoy great success. Below you will learn the keys to launching your own production company.
Importantly, a crucial step in starting a film production company is to complete your business plan. To help you out, you should download Growthink’s Ultimate Business Plan Template here.
Download our Ultimate Business Plan Template here
When you’re thinking about starting a film production business, the first step is to find your niche. There are all sorts of different niches in the world of film production, and finding the one that’s right for you is essential to your success. Are you interested in feature films? Documentaries? Commercials? Music videos? Once you’ve figured out what kind of films you want to make, you can start building your company. Figuring out who you want to be as a production company early on will help as you create your business plan and start marketing your business.
The next step to starting a film company is to choose a production company name.
This is a very important choice since your film company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable that represents the type of films you produce. Here are some tips for choosing a name for your film production business:
One of the most important steps in starting a film production business is to develop your film production business plan . The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business.
Your business plan should include the following sections:
4. hire an entertainment lawyer.
An experienced entertainment lawyer can help you navigate the legal landscape of the film industry. Your lawyer can help you set up your business structure, draft contracts, and obtain the necessary permits and licenses required to operate in your jurisdiction. Additionally, your lawyer can advise you on copyright and trademark issues, and help you negotiate deals with distributors, actors, and other professionals involved in your project.
Before you begin production on any film, it is important to have a clear understanding of the legalities involved. Hiring an experienced entertainment lawyer is the best way to ensure that your production is in compliance with all applicable laws.
Next you need to choose a legal structure for your film production business and register it and your business name with the Secretary of State in each state where you operate your business. Below are the five most common legal structures:
A sole proprietorship is a legal entity in which the owner of the film production business and the business are the same legal person. The owner of a sole proprietorship is responsible for all debts and obligations of the business. There are no formalities required to establish a sole proprietorship, and it is easy to set up and operate. The main advantage of a sole proprietorship is that it is simple and inexpensive to establish. The main disadvantage is that the owner is liable for all debts and obligations of the business and there is no clear separation of personal assets.
A partnership is a legal structure that is popular among small businesses. It is an agreement between two or more people who want to start a film production business together. The business partners share in the profits and losses of the business. The advantages of a partnership are that it is easy to set up, and the partners share in the profits and losses of the business. The disadvantages of a partnership are that the partners are jointly liable for the debts of the business, and disagreements between partners can be difficult to resolve.
A limited liability company, or LLC, is a type of business entity that provides limited liability to its owners. This means that the owners of an LLC are not personally responsible for the debts and liabilities of the business. The advantages of an LLC for a film production business include flexibility in management, pass-through taxation (avoids double taxation as explained below), and limited personal liability. The disadvantages of an LLC include lack of availability in some states and self-employment taxes.
A C Corporation is a business entity that is separate from its owners. It has its own tax ID and can have shareholders. The main advantage of a C Corporation for a film production business is that it offers limited liability to its owners. This means that the owners are not personally responsible for the debts and liabilities of the business. The disadvantage is that C Corporations are subject to double taxation. This means that the corporation pays taxes on its profits, and the shareholders also pay taxes on their dividends.
An S Corporation is a type of corporation that provides its owners with limited liability protection and allows them to pass their business income through to their personal income tax returns, thus avoiding double taxation. There are several limitations on S Corporations including the number of shareholders they can have among others.
Once you register your film production business, your state will send you your official “Articles of Incorporation.” You will need this among other documentation when establishing your banking account (see below). We recommend that you consult an attorney in determining which legal structure is best suited for your company.
In developing your film production business plan, you might have determined that you need to raise funding to launch your production company.
If so, the main sources of funding for a film production business to consider are personal savings, family and friends, credit card financing, bank loans, crowdfunding and angel investors. Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a film production business that they believe has high potential for growth. There are also entertainment financing options that often require profit sharing as a way to pay back the initial investment.
If you plan to start a small film production company, you may be able to run things from your own home and shoot your films elsewhere. For a larger operation, however, you will need to find a space that is large enough to accommodate all of your production equipment and staff. If you plan on doing any post-production work, you will also need to have space for that. Make sure that the space you choose is in a good location and is easily accessible for your employees and clients.
To find the right space, consider:
Next, you need to register your business with the Internal Revenue Service (IRS) which will result in the IRS issuing you an Employer Identification Number (EIN).
Most banks will require you to have an EIN in order to open up an account. In addition, in order to hire employees, you will need an EIN since that is how the IRS tracks your payroll tax payments.
Note that if you are a sole proprietor without employees, you generally do not need to get an EIN. Rather, you would use your social security number (instead of your EIN) as your taxpayer identification number.
It is important to establish a bank account in your film production business’ name. This process is fairly simple and involves the following steps:
You should get a business credit card for your film production business to help you separate personal and business expenses.
You can either apply for a business credit card through your bank or apply for one through a credit card company.
When you’re applying for a business credit card, you’ll need to provide some information about your business. This includes the name of your business, the address of your business, and the type of business you’re running. You’ll also need to provide some information about yourself, including your name, Social Security number, and date of birth.
Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build your credit history which could be very important in securing loans and getting credit lines for your business in the future.
Every state, county and city has different business license and permit requirements.
Nearly all states, counties and/or cities have license requirements including:
Depending on where you operate your film production business and whether you film outside of your physical location, you will have to obtain the necessary state, county and/or city licenses.
Business insurance policies that you should consider for your film production business include:
Find an insurance agent, tell them about your business and its needs, and they will recommend policies that fit those needs.
You might be able to start a small production company with just a decent digital camera and some other basic equipment. A larger film production studio needs more advanced video and audio equipment, such as high-end cameras, recorders, microphones, and editing software. It also needs a studio space with good lighting and soundproofing. Film production equipment can be very expensive, so be sure to do your research and find options that you can afford. You can always make upgrades after you start bringing in profits.
Marketing materials will be required to attract and retain customers to your film production business.
The key marketing materials you will need are as follows:
A film production company needs software to help with the creation and distribution of its films. This can include software for editing, visual effects, and DVD production. Popular software options include Adobe Premiere Pro, After Effects, and Sony Vegas.
An important step in starting your own film production company is to put together a great team. This team will be responsible for bringing your vision to life and making your films a success. You’ll need talented individuals with a passion for film, as well as a strong work ethic and good communication skills.
Some roles you might need to fill at your film production company include producers, directors, cinematographers, editors, and production designers. Some larger film production companies have individual teams for areas like casting and costuming. Start with what you need and can afford and plan to build out your team as you grow.
You are now ready to launch your film production business. If you followed the steps above, you should be in a great position to build a successful business. Below are answers to frequently asked questions that might further help you.
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Is it hard to start a film production business.
No, it's not hard to start a production company. However, it does require some initial investment and planning. But if you're passionate about film and have a good story to tell, then starting your own production company can be a great way to bring your vision to life. Some common challenges when starting a film production business include funding equipment and employees. Following the steps outlined above will help you get started.
Turning a passion for film into a business without any industry experience can be difficult. One important thing to do is research. Investigate how other successful film production companies got started and see if you can find experienced professionals to mentor you or offer some business advice. Having a good entertainment lawyer is also beneficial since they can help you navigate the unique legalities of the film industry. Finally, look around for online courses on film production that might help you.
There is no definite answer on which type of film company you should start if you want to earn the most profit. The film industry is a very competitive one, so it is important to choose a niche that will allow your company to stand out from the rest. There are many different types of film production businesses, such as commercials, music videos, feature films, documentaries, and more. Each type of business has its own set of challenges and opportunities. The biggest factor impacting your profits will be creating content and offering services that many people are willing to pay for.
The cost of starting a film production business varies depending on the size and scope of the operation. For a small business, the start-up costs may be as low as a few thousand dollars. However, for a larger production company, the costs can be tens or even hundreds of thousands of dollars. Some of the factors that will impact your startup costs include the type of equipment you need, the cost of commercial rent in your area, and employee salaries.
Initial costs include:
Running a film production business can be expensive. Hiring a production accountant can help you keep track of ongoing costs. The key financial metrics in the film production market are as follows:
Other ongoing expenses include:
There are many ways that a film production business can make money.
The most common way is through the sale of distribution rights to distributors. These distributors then sell the rights to exhibit the film in various media, such as theaters, television, home video, and online streaming services. The production company may also earn royalties from the exploitation of these distribution rights.
Additionally, a film production company may generate revenue through the sale of merchandise related to the film, such as DVDs and Blu-rays, soundtracks, posters, and toys.
Finally, a film production company can also earn income from product placement deals struck with companies that want their products featured in the film.
Yes, owning a film production business can be quite profitable. The film industry is growing at a rapid pace and there is a lot of money to be made in this business. However, it is important to remember that this is a very competitive industry and it takes a lot of hard work and dedication to be successful. Some things you can do to increase profitability include finding an untapped niche market, closely monitoring your expenses, and effectively marketing your productions to the right audiences.
According to Recruiter.com, the average salary of a Producer/Director ranges from $72,000 to $108,000.
There are many reasons why film production businesses fail. Some of the most common reasons are poor planning, lack of experience, and insufficient funding. Most production companies will also fail if they repeatedly spend more on producing projects than they make back.
With moderate annual growth (2.7%), the Film Production industry’s more than 7,500 businesses are currently worth almost $43 billion.
Film production companies’ sales are segmented by the type of film produced: action and adventure, comedy, drama, thriller and suspense, and other (such as horror, musical, and documentary).
A number of factors affect the performance of the Film Production industry. These drivers include:
The largest players in the Film Production industry are The Walt Disney Company, 21st Century Fox, Comcast Corporation, and Viacom.
More than half the film production industry’s revenue comes from the domestic market, while the rest comes from foreign distribution.
For additional information on the Film Production industry, consider these resources:
Since 1999, Growthink has developed business plans for thousands of companies who have gone on to achieve tremendous success.
Click here to see how Growthink’s professional business planning can create your business plan for you.
Film Business Plan Templates provide the most professional ways of presenting your film production plan to competent investors. These templates make your job of presenting your film production plan in very authentic ways, giving ample scopes to the potential investors to focus on different aspects of this specialized business so that they could easily understand their gains in investing money in your film production business.
Sample business plan - 10+ examples in pdf, word, sample small business plan - 9+ documents in pdf, word, sample real estate business plan template - 6+ free documents ..., feature film business plan template.
Size: A4, US
Documentary films are short films with specific social, cultural or political issues relevant to the current environment of a country or society. The template available here to present the documentary film plan is almost like a short business plan template. It does not go elaborately into the story of the film, but give focus on the subject matter and why this subject matter will get mass attention. You can also see Career Progression Plan Templates .
Size: 732 KB
This short business plan template is just perfect for short films and documentaries. If you are planning to accumulate a lump sum amount by motivating more investors, then this template will help you to present a perfect film production plan. The business plan starts with an introductory letter that is to be cordially written to present how important this production is for you. You can also see Personal Business Plan Templates .
The plan will contain all other necessary parts of the presentation like executive summary, status of the film maker, why this is a special film, how this film will be a popular one, marketing plan of the film maker, etc. All topics are written in short format, but in simple English for better understanding and easiness in reading.
Film production business is an immensely profitable sector. Many investors show their interest to invest in good films, but they could not progress much due to lack of sufficient information. Investors want their money to be secured and the return on investment to be quick enough. You can also see Bakery Business Plan Templates .
This template will enable you to motivate great many big and small investors to invest in good films for quicker and better yields. Business plan so created includes everything that an investor would like to know, like opportunity in this sector, film production environment, basic resources required, marketing strategies, risk factors, etc.
Film distribution is a big business. It requires financially strong investors and lump sum money. Distribution of each film is like a project which needs huge manpower, including specific professionals who have years of experience and are famous for innovative ideas. The film distribution business plan will help you to present the immense opportunity hidden in this market and how investors would be able to multiply their invested money in short span of time.
Size: 629 KB
Size: 10 KB
Size: 131 KB
A Perfect presentation is a primary need in film making or in the film distribution business. These professionally designed templates will enable you to motivate investors more intensively who would always like to understand their profits and risks at first and will only invest after getting cent percent assurance. Your presentation will make the job easier for yourself.
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Are you a professional photographer dreaming of starting a photography business? If so, you'll need to create a solid business plan. But what should a strong photography business plan look like? Let us help you get started.
Writing a photography business plan will help provide you with a better understanding of the products/services you want to provide, track goals, see what needs work, and much more.
It is basically a map that highlights every aspect of your business and guides you on how to get there and what you will require to achieve it.
Making a detailed photography business plan is key to your success. It does lots of good for your business. For example, it helps you:
Clearly define your business objectives and the steps needed to achieve them.
Identify your target market and understand their needs and preferences.
Analyze the competitive landscape and develop strategies to differentiate your services.
Accurately project your financial performance, including revenue, expenses, and profitability.
Secure funding from investors or lenders by presenting a well-structured and compelling plan.
Here are a few components of a comprehensive photography business plan:
Provide a clear description of your photography business, outline your products and services, determine your target market and conduct a client analysis, perform a competitive analysis, detail your marketing strategies, online photography portfolio, look into operations, analyze financial planning and projections, create a timeline.
Addressing these parts in your photography business plan helps lay the foundation for your long-term success.
"A photography business plan is a critical tool for any photographer looking to turn their passion into a profitable and sustainable venture."
Your executive summary is a significant component of your photography business plan . It consists of a 50-250 word section that explains the company in a short and concise manner.
An executive summary talks about your company's main goals, strategies, and how it could be successful. In this section, you'll tell about your experience and what you specialize in, whether it's commercial, event photography, or wedding photography.
Most importantly, in this section, you mention what makes your business unique from the competition. This can be any additional services or a particular niche you're focusing on.
"A well-written executive summary can grab the interest of clients and investors. It helps them see your vision and the chances your business offers. By clearly describing your photography business's activities and offerings, you’ll keep them interested in learning more about it in your detailed photography business plan ."
Creating a detailed business description is key to a successful photography business plan. This section covers your photography ventures’ history, background, and organization's structure.
Explain your journey with photography and the experiences or reasons that led to your business. Share your company's core values, vision, and mission. Talk about how your love for photography culminated into a business idea.
Additionally, provide a detailed description of your business structure and management. Explain how your photography business is set up—is it a single-owner or a partnership?
Talk about your team, their skills, and how important their roles are to the success of your photography business. This shows that your business is well-organized and recruitment is well thought out.
A clear and detailed business description is the foundation for your business plan. It helps everyone see your business clearly. They learn about your history, values, and how you operate.
Your photography business plan is centered around what you offer. Here, you'll detail your services and prices. This includes your unique types of photography , the services people can receive, and how you charge.
Under this section, you detail the type of photography products or services you offer. You can also explain any future avenues you could venture into for further growth.
Along with the outline of the photography services, provide a complete pricing model that aims to cover everything from shooting to formatting and their associated fees.
For instance, do you offer long shoots? Is the production handled by you, or is it given to a third party? Do you provide editing services?
Always remember, when you run a photography business, make sure your clients have a clear understanding of the services you provide.
Finally, describe the services and products you want to focus on that bring you the most income.
Knowing your photography target market and ideal client is key. By closely monitoring your niche and the individuals you want to work with, you can adjust your services to draw in the right customers. This will grow your photography business in the best way.
Online forums and social media groups are great starting points for researching your target audience. Look into what they really want, what their pain points are, and how much, on average, they are ready to spend on your photos.
Create a target persona that clearly describes your ideal client. Know their age, what they like, what they can afford, and what's important to them. This will help you create a focused marketing plan for your photography business.
For instance, your search might show that your ideal client is a modern family in the suburbs. They value high-quality family portraits. Knowing this helps you adjust your services and prices. You can also speak their language in your marketing, making them more likely to choose you.
Understanding your business through your target market can lead to success. Developing a strong offer and targeting your marketing spending to your specific audience will help showcase your photography services and attract loyal, high-paying customers. This approach is a map to a successful photography business .
Check out our complete guide on how to get photography clients
Competitor analysis serves as a bedrock when starting a successful photography venture. Research and find local photographers who offer similar photography services. Check out their target audiences, what they offer, and how they price it. Through this, you'll be able to create your unique selling proposition to help grow your business.
Make a list of your photography business competition.
Look around your area to find photographers doing similar services.
Note what types of photography they focus on, who their clients are, and how they set their prices.
Analyze their online presence and check out their marketing strategies.
Once you know your competitors , examine their strengths and weaknesses. Then, determine what makes your photography business unique or better. You need to put yourself in the shoes of a business owner as well as a professional photographer.
For instance, if you are moving into portrait photography , think about the photography equipment, the quality of your photos, the technique, and the creative process that will help you stand out from the rest of the crowd. Also, consider the price you set and see if it can be turned into a profitable business venture.
Finding out how you stand out helps bring in and keep the clients you want. Understanding your competition well lets you come up with smart plans. These plans help keep your business goals on track.
This section of your business plan is all about how you market your business. How to bring in leads and turn them into loyal customers. When creating a photography business plan, you'll need to show how you'll use different marketing channels, methods, and programs to attract the interest of your target group.
Investors are well aware of the importance of marketing and, hence, will look for a detailed and aggressive marketing strategy when going through your business plan.
Go through both traditional and digital marketing strategies. Here are a few approaches to get you started:
Email marketing strategy to keep in touch with your clients and let them know what's new, what deals you have, and show off your work.
Paid advertising on social media sites like Facebook, Instagram, and TikTok to showcase your photos and attract new clients.
Getting your name in local or niche photography lists online. This is good for online visibility and to build trust.
Joining photography shows, events and meeting other people in the industry to find new clients and make friends.
Pro tip: Along with the marketing programs, your marketing plan must also contain your photography portfolio .
In the photography market, having an online portfolio will serve as a significant marketing tool. Once your potential customers are at the awareness stage, they'll look out for examples that showcase your ability and skill as a photographer.
This is where you'll know whether they're likely to convert. Investing in a photography portfolio website will help better describe your product/service and help consumers make a better decision about whether you're the right person.
Looking to create an online photography portfolio? Choose Pixpa ! It's a no-code website builder designed for creatives such as photographers to design stunning portfolio websites that'll help boost their photography journey to new heights.
Here are a few features that make Pixpa an excellent option for photographers:
Stunning templates: Pixpa has over 150 beautiful, responsive, and fully customizable templates specifically built for different types of photography. Through Pixpa's user-friendly interface, you can even switch templates after your site is live.
E-commerce capabilities: Pixpa's built-in ecommerce tools allow you to sell your photos directly on your photography portfolio website. You can control pricing, manage inventory, and accept secure online payments via Stripe and PayPal.
Built-in SEO and marketing tools: Skyrocket your site's online visibility with built-in SEO tools and marketing tools that help you promote your business and improve search engine rankings.
Third-party app integrations: Integrate Pixpa with over 100 leading payment, social media, scheduling, and marketing platforms
24/7 customer support: Live chat and email support ensure your questions or doubts are answered whenever needed.
Here's a detailed article to help you get started with creating a photography portfolio .
When it comes to photography business operations, you will need to include information like your place of work in your business plan.
Depending on the work, photographers usually choose to carry out their work either at a home studio or office, during photography sessions at outdoor locations, or at client homes. On the other hand, commercial photographers mainly have a photography studio in place.
You should clearly detail the operational costs as they vary depending on the type of photography business you choose to move into. Investors will generally look at business plans to analyze the overhead costs. Also, you can lay the foundation for future opportunities by assessing your operations.
Check out our article on how to build a photography studio .
By looking closely at your costs, the structure of your expenditures, and avenues where money can come in, you can make a business plan that works. This will show how healthy your photography business is to people who might invest or partner with you.
When starting a photography business, you'll have to bear costs. You might need to rent or buy a space, purchase top-notch photography equipment, and spend on marketing to get the word out about your brand. Over time, you'll also need to look into utility costs, staff salaries, and equipment maintenance.
Once you've gained an understanding of the overall cost, the next step involves revenue projections. Estimating how much money you might make is essential for your photography business.
You need to know the customer's spending habits, the predicted amount of work you'll receive, and the pricing you're willing to charge. This information will allow you to predict how much money will come in monthly and annually.
Create a detailed financial report that contains revenue, the cost of your services, your gross profit margin, and your net profits.
Looking at your finances can help you set a good budget, find ways to increase revenue, and show your business's financial strength to possible investors or partners. This step is crucial for your business's health and success.
A timeline is a management tool for tracking business goals. It can include key elements such as marketing, finances, investments, and operational activities. Begin by writing a timeline for the first three months of your business.
Using a timeline, you can map out challenges that you can later add to your action plan. You can note tasks and their completion dates through a timeline.
A photography business plan is a crucial step that outlines your goals, strategies, and financial projections.
Developing and creating a business plan can help you measure progress, identify areas for improvement, and present a compelling case to potential investors or partners.
By creating an achievable photography business plan , you can increase your chances of building a sustainable and profitable photography business.
Prioritizing a clear vision for your business, target audience , and strategic positioning within the photography industry can set your business up for long-term success.
A good photography business plan is key to making your photo hobby into a profitable venture. It helps you lay out your goals, strategies, and financial path clearly. This way, you can track your success and spot areas that need work. Also, it shows investors or partners that you're serious.
Using this guide, you can create a plan that will lead your business to success. Identify your market, check out the competition, and make a solid financial plan. With these steps, you'll be ready to face the changing photography world and grow with confidence.
We would advise you to keep up with the latest trends and tech to stay ahead. A comprehensive business plan is your guide to seizing new opportunities, solving concerns, and becoming a top player in the field of photography.
A good photography business plan has several main parts. This includes a concise summary, a detailed company description, and a list of products and services. It should also identify the market you're aiming for and your competitors.
Additional parts include a thorough marketing plan , how the business will operate, and the finances. Gathering all this info helps build a solid strategy for your photo business.
The executive summary in a photography business plan is its heart and soul. Consider it a quick preview of what your company stands for. It highlights your main objectives and how you plan to reach them.
The business description gives the full picture of your photo company. It tells the story of where you started and how the business is organized. Background information and a brief history should also be included.
Specify in detail what photography services you offer. Explain everything from shooting to editing and beyond. You should also note your prices for each service to give clients a clear idea of what to expect.
Knowing who your audience is can make or break your photography business. A deep analysis helps you understand what your customers need. This information guides your business to meet those needs and attract the right people.
Competitive analysis helps you learn from others in your field. It includes info on who they are and what they offer. Plus, it helps you spot where you can be better and different from them.
Discuss the types of marketing you'll use in the plan, from emails to social media. Also, talk about how you'll leverage your website. Your goal is to show how you'll get your name out there and attract new customers.
The operations section will lay out how you'll run your business. This includes the places where you'll work and what you need to work, like equipment. It also involves talking about costs, like insurance, and how you'll get around.
The financial part is a core piece of any business plan. It details your costs and how you'll make money. This is crucial for your photo business to be sustainable and grow over time.
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7) Short film proposal. Concisely convey your short film's narrative, style, and impact to capture the interest of festivals and financiers. Make yours with AI. Open in new window. Market focus: Targets film enthusiasts, festivals, and digital platforms looking for innovative, concise storytelling.
Film Production Company Business Plan: The Complete Guide. Matt Crawford 4. The process of film production is a long and arduous one. It starts with the writing stage, where screenplays are written by a writer or multiple writers. The screenplay typically has at least three acts that have to be edited for pacing and story development purposes.
A film business plan is a comprehensive document outlining a film project's vision, strategy, and financial projections. It serves as a roadmap for the film's production, marketing, and distribution while providing potential investors with an overview of the project's possible return on investment.
Additional Expenditure (Business cards, Signage, Adverts and Promotions et al) - $2,500. Miscellaneous - $20,000. Going by the report from the research and feasibility studies, we will need about $1 million to set up a medium scale but standard film and video production company in the United States of America.
A logline might be better. Make sure your logline is written with your target market in mind. Remember: The money and resources for your film will come from a subset of your target market. You want people in your target market to respond, "wow, it's like this short film is being made just for me!".
We provide a free business plan template below and will walk you through it. Step by step. Production Company Business Plan. The Executive Summary. Perform a Video Company Self Assessment. How to Get Started. Financing a Video Production Company. Marketing Plan. Day to Day Operations.
Our Film Business Plan Template is professionally formatted and includes all the key business plan sections, with dozens of real-world examples in each. Our business plan was created by film investors and top industry producers, with the specific goal of helping filmmakers find film investors and secure funding.
It should provide a snapshot of the entire business plan, summarizing the project's key elements, goals, and unique selling points. 2. Define Your Project Clearly. Provide a detailed description ...
Marketing Plan. Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a film business plan, your marketing strategy should include the following: Product: In the product section, you should reiterate the type of film company that you documented in your company overview.
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your film production company and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.
User-Friendly: Movie Plan Pro is designed to be intuitive and easy to use, ensuring that filmmakers can finish the plan fast. Comprehensive: It covers every aspect of a professional film business plan. Proven Success: Backed by Tom's track record of securing film financing, users can access tried-and-tested tactics.
This is the standard production company business plan outline, which will cover all important sections that you should include in your business plan. Executive summary. Market Validation. Objectives. Short-Term (1 -3 Years) Long Term (3-5 years) Mission statement. Unique Selling Proposition.
Traditionally, a marketing plan includes the four P's: Product, Price, Place, and Promotion. For a production company business plan, your marketing strategy should include the following: Product: In the product section, you should reiterate the type of production company that you documented in your company overview.
4.1.5 Strategic Alliances. The company plans to form strategic alliances with clients who require a freelancer to cover various events for them. Michael's Video Service will also develop strategic alliances with video production companies and work with them as a sub-contractor.
Writing a business plan can be overwhelming to some, and while our FilmProposals Bundles & Toolkits will save you hundreds of hours with prewritten text and templates and speed up your learning curve by showing you how to complete complicated financial projections, there is still a lot of information to process. We designed this Film Business Plan Course to be sent once per week to break the ...
Sales Forecast. First Fiscal Year $1,000,000 Second Fiscal Year $1,750,000 Third Fiscal Year $2,000,000. Above is the sales projection for Sun Light Film and Video Production Company, which has been obtained from available statistical data in the industry.
A highly important part of the business plan which you may want to work on with the rest of the team, this will be the foundation of an accurate budget projection. Production Budget: The shooting schedule total, plus the overall production expenditure of the movie. Marketing Plan: The movie's target demographics, how you're going to get it ...
Phase 1 Development: A film must first go through this stage before it can begin production. The development, scripting, arranging, and planning of film production are all part of this phase. The budget must be determined, the cast must audition, the setting must be determined, and various scripts must be created.
A business plan has 2 main parts: a financial forecast outlining the funding requirements of your video production company and the expected growth, profits and cash flows for the next 3 to 5 years; and a written part which gives the reader the information needed to decide if they believe the forecast is achievable.
The business consultants at OGS Capital have the expertise needed to prepare a high-quality film package and a network of investor contacts. Fill in the short online contact form to get started. Download Film Business Plan Sample in pdf. OGScapital staff also specialize in compiling such as pet photography business plan, record label business ...
Figuring out who you want to be as a production company early on will help as you create your business plan and start marketing your business. 2. Choose the Name for Your Film Production Business. The next step to starting a film company is to choose a production company name.
File Format. PDF. Size: 732 KB. Download. This short business plan template is just perfect for short films and documentaries. If you are planning to accumulate a lump sum amount by motivating more investors, then this template will help you to present a perfect film production plan.
A Sample Film and Video Production Business Plan Template - Free download as Word Doc (.doc / .docx), PDF File (.pdf), Text File (.txt) or read online for free. Sample Film and video Production plan
A photography business plan is a crucial step that outlines your goals, strategies, and financial projections. Developing and creating a business plan can help you measure progress, identify areas for improvement, and present a compelling case to potential investors or partners.