With regards to the practical facets of filmmaking, which range from camera selection to mastering editing systems, independent film producers seem ready 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’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 Kia master just because a good plan and friendly investors results in more cash and the capacity to make better films.
It is important to understand about a business plan is it, alone, won’t get you the funding you will need. Your small business plan will 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 great way to start your company plan would be to calculate your production budget. To achieve this you need to break up your script and determine the number of shooting days and locations your film will need. This will show you the amount of crew members you are going to require, and allow you to get a better feeling for props and effects. Costing these factors 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.
If you don’t learn how to do all this, you should spend thousands of dollars or so to hire a line producer. CRAIGLIST in Los Angeles might be a great place to start. Line producers are great at wearing down scripts and producing budgets. Actually, you might like to have multiple line producers create schedules and budgets for your film. Comparing their estimates will provide you with a great idea of methods accurate your budgets are and could give you good insight into the best way to spend less or improve quality. Line producers also know how to maximize rebates and tax credits.
If all of this seems like an unnecessary expense, understand that a good line producer with lots of credits is really a key requirement of your film to obtain financing. Whenever you create a feature you normally need to have a completion bond, and also to obtain one you’ll need to have a good line producer. Completion bond companies realize that a good line producer will ensure the film is completed. Line producers cdxibf also connect one to good directors, cinematographers, editors along with other crew.
When you have a spending budget and schedule, you are ready to create a review of the production team. As producer, your bio should come first. Should you not have plenty of film credits in your name, showcase your other successes. Knowledge of management, marketing and sales are very attractive in new film producers. You need to provide information on the director, line producer, along with other key members of the development team.
Once you complete the development overview, start work on the talent section of your business plan. Begin by listing the actors you need to assist, then contacting their agents to learn what their weekly rates are. Should you be uncomfortable accomplishing this, contact an entertainment lawyer who works with film producers and have them have the calls. The few hundred dollars you would spend will likely be well invested. Note, there is no need to get letters of intent for such people so that you can mention them in your strategic business plan. Just indicate that these are the basic actors you intend to approach. For the best results list multiple actors for all the key roles. Provide pictures of actors within your business plan because many investors can’t recognize actors by their name.