On my previous post I talked about my interest in starting a video production house. I outlined various steps that I thought one should take in order to start such a business and promised that I would elaborate, as best as I could, on the specifics of those steps. The first point I made, was the need of a business plan, “for the sake of comprehension and organization.”

A business plan is nothing more than a written description of the future of one’s business; whether it is a start up or an established business. It includes business goals and how they will be accomplished; possible problems to be faced and how to solve them; and a description of business structure ranging from what goes where, to who does what. Also how much funding it will require to take off and keep going, until it breaks even and subsequently makes a profit. And, why it will succeed in its industry and under current market conditions. …click here to read more

Over the past few months, I have become very interested in the notion of having my very own production company. Mainly because, since my aspirations are to make films and television shows, I would like to have direct involvement in the making of such things. And I think is wise to have a law abiding entity or presence that others can refer to rather than saying something along the lines of: “…he’s just some kid from Massachusetts.” Also, I would come off as someone who is prepared, someone who is solid and maybe even someone who is not too big a risk.
I have surfed the World Wide Web in search of information that would enlighten me as to how one should embark in such an endeavor, and I learned that starting a video production company has many similarities to the start-up of other businesses, which makes sense since it is exactly that, a business.

To the best of my abilities, I organized what I learned and broke it up into stages, or phases.

…click here to read more