Part 01
The filmmaking industry has definitely seen a major rise in filmmakers and up-and-coming cinematographers, but once in a while, a few serious ones consider putting up their own film production company.
Like every form of commercial art, filmmaking can be both fulfilling as a craft and as a lucrative business. So if you are serious about taking your love for films and filmmaking to the next level, here are a few helpful tips on how you can start your very own production company.
Step by Step Guide??
We’ll be honest: there’s no single path for putting up a production company. You’ll have to be prepared to read a hundred more articles, seek the help of industry professionals, and learn from experience before you can actually consider yourself an expert.
Nonetheless, let our guide on how to start a film production company give you a good glimpse of what’s to come in your long and exciting journey ahead.
Establish Your Company as a Legal Business Entity
Establishing yourself as a legal entity also includes opening a bank account under the company’s name, having a business address, contact numbers, and building your own website—also using the company name and an official .com domain.
Social Media
Don’t forget to create social media profiles on Facebook, Twitter, Instagram, and maybe even on Pinterest and YouTube, to put your company on the map and allow more people to find you.
Create a Business Plan for Your Film
Having a solid business plan for your film will give your company better chances of achieving success. This particular step involves a ton of paperwork and maybe even more advice from experts, but they are essential for ensuring that you’ve got your bases covered to eliminate risks of setbacks, especially if you’re going to be spending significant amounts of money and dealing with important people in the industry.
It helps to make your business plan as specific yet realistic as possible and should include the following:
Confidentiality agreement Specific goals for the company and your film The kind (and size) of the team that you’ll need for it Proposed budget with estimates Target date and schedule for filming and release Where and how you plan on finding investors Campaign and fundraising plans
Film business plans normally also include your Distribution Strategy.
Raise Money for the Production of Your Film
With your business plan set, it’s time to start campaigning for your film and raise enough funds to finally get your production rolling. Fortunately, there are a few effective ways to do this without actually having to beg for the money or visiting your investors one by one.
Successful film companies would advise the following strategies:
Presenting your business plan to big production companies or studios Partner up with another producer Applying for government funding Seeking brand sponsorships in exchange for product placement Launching a crowdfunding campaign Finding an “angel investor”
Remember to try your best to stick to your budget plan and cultivate good connections with those who can (and can’t) help you with your project, so you can establish and maintain your credibility in the years to come.
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