On my last post, I talked about the different legal entities that you can consider when forming your production house and promised that this time around I would talk about finding space to set up your business.

I think that this decision is a judgment call because every business is started differently. While there are certain things that must be done and must be done in a specific way, there are also other things that have flexibility, you can do them however you need to or want to, in order to accommodate your situation.

The two situations I mentioned in earlier posts were; starting at home by yourself, with rented (If you so wish) equipment, juggling all the work on your own. The other was; renting space, buying equipment and hiring help to delegate all the work to. Ultimately it will all be based on the vision you have, but also it is important to keep in mind that you are not going to have all the time in the world to dedicate to your venture nor are you going to find all the funding you are going to need to splurge, therefore you will probably have to make sacrifices.

On the one hand, starting all by yourself, does come at a cost reduction but we all have responsibilities that more likely than not, will not allow us to commit to the venture the time it will need. I know we are not all the same; some of us could make arrangements to be able to work hard on our businesses, others might just have enough spare time. Also, you might discover that giving some things up comes cheaper than the cost to rent, buy and hire. On the other hand, going all out, means that the business can, in a way, go on like clockwork without you having to jeopardize or sacrifice anything. The downside of course is that you are going to need more funding and since some of that money you will have to be responsible for, ultimately you might be forced sacrifice things anyway in order to provide the rest of the funds.

I personally like the notion of starting by myself. I see it as doing as much as I can on my own so that the funding I get from the outside can cover all the expenditures. Now, all I mentioned so far was sort of influenced by my current situation and how I plan to start my video production house, which I will talk about in a later post. Everyone out there has their own plans and opinions that I am interested in hearing, especially from experienced business owners. I’m interested in hearing whether taking a big jump (sacrificing, risking) now, will yield good results later. Big risk, big reward is the saying but nevertheless, it is still a risk.

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