In terms of the practical aspects of filmmaking, ranging 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 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 actually a skill that Kia master since a good plan and friendly investors translates into more money as well as the ability to make better films.
The most important thing to know about a business plan is that it, alone, won’t allow you to get the funding you require. Your business plan could be the solid, practical, nuts and bolts overview which will support your in person and phone presentations.
How do you write a business plan? One easy way to start your business plan is always to calculate your production budget. To get this done you need to break down your script and determine the amount of shooting days and locations your film will be needing. This will explain the number of crew members you are going to require, and let you get a good feeling for props and special effects. Costing these components out, then adding editing and post production, taxes, legal fees, financing fees and insurance fees should offer you a good estimate from the production budget.
In the event you don’t know how to do this, you ought to spend one thousand dollars or so to employ a line producer. CRAIGLIST in Los Angeles can be a great starting point. Line producers are great at breaking down scripts and producing budgets. In reality, you might want to have multiple line producers create schedules and budgets for your film. Comparing their estimates will provide you with a wise idea of how accurate your budgets are and could give you good insight into how to cut costs or improve quality. Line producers also learn how to maximize rebates and tax credits.
If all of this appears like an unnecessary expense, understand that a good line producer with plenty of credits is a key requirement for your film to obtain financing. Once you produce a feature you typically require a completion bond, as well as acquire one you’ll need a good line producer. Completion bond companies understand that a good line producer will guarantee the film is finished. Line producers cdxibf also connect you to definitely good directors, cinematographers, editors as well as other crew.
After you have a financial budget and schedule, you are prepared to publish a review of the development team. As producer, your bio should come first. If you do not have a lot 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 individuals the production team.
When you complete the development overview, start work on the talent part of your company plan. Start by listing the actors you want to work with, then contacting their agents to find out what their weekly rates are. If you are uncomfortable carrying this out, contact an entertainment lawyer who works with film producers and have them create 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 these particular people in order to mention them in your business plan. Just indicate that these are the actors you plan to approach. For optimum results list multiple actors for each of the key roles. Provide pictures of actors within your strategic business plan because many investors can’t recognize actors by their name.