With regards to the practical aspects of filmmaking, starting 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 come up with a business plan and find investors to back up their film and you will find most trying to find 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 a business plan is actually a skill that Kia Jam master because a good plan and friendly investors results in more cash as well as the capability to make better films.
The most important thing to know about a business plan is that it, alone, won’t get you the funding you will need. Your small business plan would be the solid, practical, nuts and bolts overview which will backup your in person and phone presentations.
How do you write a business plan? One easy way to start your company plan would be to calculate your production budget. To achieve this you will need to break up your script and find out the number of shooting days and locations your film will require. This will show you how many crew members you may require, and let you obtain a good feeling for props and special 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 of the production budget.
Should you don’t know how to do all this, you ought to spend a thousand dollars roughly to employ a line producer. CRAIGLIST in L . A . may be a great place to start. Line producers are excellent at deteriorating scripts and producing budgets. In fact, you might like to have multiple line producers create schedules and budgets for your film. Comparing their estimates provides you with a great idea of how accurate your budgets are and could 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 may seem like an unnecessary expense, remember that an excellent line producer with plenty of credits is a key necessity for your film to have financing. When you produce a feature you normally need to have a completion bond, and to obtain one you’ll require a good line producer. Completion bond companies realize that a good line producer will make sure the film is finished. Line producers cdxibf also connect one to good directors, cinematographers, editors as well as other crew.
Once you have a budget and schedule, you are prepared to write an overview of the production team. As producer, your bio should come first. Unless you have plenty 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, as well as other key individuals the development team.
When you complete the development overview, start work on the talent portion of your business plan. Start with listing the actors you want to assist, then contacting their agents to learn what their weekly rates are. In case you are uncomfortable accomplishing this, contact an entertainment lawyer who works jointly with film producers and also have them have the calls. The few hundred dollars you may spend is going to be well invested. Note, you do not have to get letters of intent for such people in order to mention them within your business plan. Just indicate that these are the actors you intend to approach. For the best results list multiple actors for each of the key roles. Provide pictures of actors within your business plan because many investors can’t recognize actors by their name.