So now that you have a good idea of what kind of business you want, think further about how you intend to roll out your business, once you have started.
Like many businesses, in the beginning money can be a big issue.
This essentially is your pitch as to why you want to have your video business in the first place.
It definitely helps to make it catchy, but more importantly, it has to reflect what you really intend to execute in your business.
What especially helps is highlighting what could set you apart from what is already being offered among your competitors. By the way, before we go much further, when researching this article I found a great Video Production Business Plan Template, complete with example sections written out. Are you aware of who else is offering a similar service?
If they’re reasonably local, or covering the same area as you, the you can consider them a competitor if they’re offering at least one of the same services as you.
According to oneplanner’s Video Production Business Plan guide, there are 10 stages to a business plan: So, your initial step is really to sit down and think about your overall plan.
I recommend working from top down, where you’re able to have a general idea of what you would like to have, your priorities.
It helps to analyze the general state of your industry.
The Strengths and Weaknesses focus on your potential video production company, while the Opportunities and Threats are an analysis outward.