In terms of the practical facets of filmmaking, which range from camera selection to mastering editing systems, independent film producers seem prepared to rise to every challenge. But tell one of these folks they have to generate a business plan and find investors to aid their film and you’ll find most searching for a stage door to exit. Why? Because if indie producers liked asking permission to do something or taking orders from others . . . they would be working for studios. Nevertheless, writing a business plan is actually a skill that kjammedia master just because a good plan and friendly investors translates into more cash and also the ability to make better films.
It is essential to understand about your own business plan is that it, alone, won’t get you the funding you require. Your small business plan will be the solid, practical, nuts and bolts overview which will back up your one on one and phone presentations.
How will you write a business plan? One good way to start your company plan is to calculate your production budget. To get this done you will need to breakdown your script and determine how many shooting days and locations your film will require. This will show you the number of crew members you are going to require, and let you get a good feeling for props and effects. Costing these factors out, then adding editing and post production, taxes, legal fees, financing fees and insurance fees should give you a good estimate in the production budget.
If you don’t learn how to do this, you need to spend one thousand dollars approximately to use a line producer. CRAIGLIST in La can be a great starting point. Line producers are excellent at breaking down scripts and producing budgets. In fact, you may want to have multiple line producers create schedules and budgets for the film. Comparing their estimates will provide you with a wise idea of methods accurate your budgets are and could give you good understanding of how to spend less or improve quality. Line producers also learn how to maximize rebates and tax credits.
If this may seem like an unnecessary expense, remember that a great line producer with plenty of credits is a key necessity for your film to obtain financing. Whenever you generate a feature you usually need to have a completion bond, and to obtain one you’ll need to have a good line producer. Completion bond companies know that a great line producer will ensure the film is completed. Line producers cdxibf also connect one to good directors, cinematographers, editors as well as other crew.
When you have a budget and schedule, you are ready to create a review of the development team. As producer, your bio should come first. If you do not have a lot of film credits for your name, showcase your other successes. Expertise in management, marketing and sales are very attractive in new film producers. You should also provide information on the director, line producer, and other key people in the production team.
Once you complete the production overview, start work on the talent portion of your small business plan. Start by listing the actors you need to assist, then contacting their agents to discover what their weekly rates are. Should you be uncomfortable accomplishing this, make contact with an entertainment lawyer who works with film producers and have them create the calls. The few hundred dollars you may spend will be well invested. Note, there is no need to have letters of intent for such people to be able to mention them inside your strategic business plan. Just indicate that they are the actors you plan to approach. For the best results list multiple actors for all the key roles. Provide pictures of actors within your business strategy because many investors can’t recognize actors by their name.