In terms of the practical aspects of filmmaking, starting 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 come up with a business plan and find investors to support their film and you’ll 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 would be working for studios. Nevertheless, writing a business plan is a skill that kjammedia master because a good plan and friendly investors results in more money and the ability to make better films.
The most important thing to know about a business plan is that it, alone, won’t enable you to get the funding you need. Your company plan will be the solid, practical, nuts and bolts overview that can back up your one on one and phone presentations.
How can you write your own business plan? One good way to start your business plan is to calculate your production budget. To achieve this you will need to break down your script and find out how many shooting days and locations your film will require. This will tell you the number of crew members you will require, and let you obtain a good feeling for props and effects. Costing these components out, then adding editing and post production, taxes, legal fees, financing fees and insurance fees should provide you with a good estimate from the production budget.
In the event you don’t learn how to do this, you should spend a thousand dollars approximately to employ a line producer. CRAIGLIST in La might be a great place to begin. Line producers are great at wearing down scripts and producing budgets. In reality, you may want to have multiple line producers create schedules and budgets for the film. Comparing their estimates will provide you with a good idea of methods accurate your budgets are and may give you good understanding of how you can spend less or improve quality. Line producers also learn how to maximize rebates and tax credits.
If all of this appears like an unnecessary expense, keep in mind that a good 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 a good line producer. Completion bond companies understand that a good line producer will ensure the film is completed. Line producers cdxibf also connect you to definitely good directors, cinematographers, editors along with other crew.
Once you have a budget and schedule, you are ready to create an overview of the development team. As producer, your bio should come first. If you do not have lots of film credits in your name, showcase your other successes. Knowledge of management, marketing and sales are incredibly attractive in new film producers. You must also provide information on the director, line producer, as well as other key members of the development team.
Once you complete the development overview, start work on the talent part of your business plan. Start with listing the actors you want to work with, then contacting their agents to learn what their weekly rates are. In case you are uncomfortable carrying this out, contact an entertainment lawyer who works together with film producers and possess them have the calls. The few hundred dollars you may spend will likely be well invested. Note, you do not have to have letters of intent for such people in order to mention them in your strategic business plan. Just indicate that these are the basic actors you plan to approach. For the best results list multiple actors for each of the key roles. Provide pictures of actors inside your business strategy because many investors can’t recognize actors by their name.