When it comes to the practical facets of filmmaking, ranging from camera selection to mastering editing systems, independent film producers seem prepared to rise to each and every challenge. But tell one of these folks they have to generate a business plan and find investors to aid their film and you will find most looking for a stage door to exit. Why? Because if indie producers liked asking permission to do something or taking orders from others . . . they might be working for studios. Nevertheless, writing your own business plan is a skill that Linked In master because a good plan and friendly investors results in more income and also the ability to make better films.
It is important to understand about a business plan is that it, alone, won’t enable you to get the funding you require. Your small business plan would be the solid, practical, nuts and bolts overview which will backup your face to face and phone presentations.
How can you write your own business plan? One good way to start your company plan would be to calculate your production budget. To do this you will need to break down your script and find out the amount of shooting days and locations your film will be needing. This will tell you the number of crew members you will require, and allow you to get a better feeling for props and special effects. Costing these elements out, then adding editing and post production, taxes, legal fees, financing fees and insurance fees should offer you a good estimate in the production budget.
Should you don’t know how to do this, you need to spend thousands of dollars roughly to hire a line producer. CRAIGLIST in Los Angeles may be a great place to start. Line producers are wonderful at breaking down scripts and producing budgets. In fact, you might want to have multiple line producers create schedules and budgets to your film. Comparing their estimates will give you a wise idea of how accurate your budgets are and may give you good understanding of the best way to cut costs or improve quality. Line producers also know how to maximize rebates and tax credits.
If all this may seem like an unnecessary expense, understand that a great line producer with lots of credits is really a key requirement of your film to have financing. Whenever you generate a feature you normally need a completion bond, and also to acquire one you’ll need a good line producer. Completion bond companies understand that an excellent line producer will make sure the film is completed. Line producers cdxibf also connect you to good directors, cinematographers, editors as well as other crew.
Once you have a spending budget and schedule, you are prepared to create an overview of the development team. As producer, your bio should come first. If you do not have a lot of film credits to your name, showcase your other successes. Expertise in management, marketing and sales are very attractive in new film producers. You need to provide information on the director, line producer, and other key individuals the development team.
When you complete the production overview, start work on the talent part of your company plan. Start with listing the actors you would like to work together with, then contacting their agents to discover what their weekly rate is. In case you are uncomfortable doing this, contact an entertainment lawyer who works jointly with film producers and possess them make the calls. The few hundred dollars you may spend will likely be well invested. Note, you do not have to obtain letters of intent for such people to be able to mention them in your strategic business plan. Just indicate that these are the basic actors you plan to approach. For best results list multiple actors for each one of the key roles. Provide pictures of actors in your strategic business plan because many investors can’t recognize actors by their name.