Somebody who is persuasive, and able to source and exploit channels of distribution so that the films you make get into the best hands possible. Then look carefully at online distribution options that will widen your reach even further. Instead of trying to make every kind of video you should work to your strengths – what kind of production do your particular set of skills lend themselves to? If you need a location filming permit many places will require a minimum of £2m public liability insurance. But at some point you are going to come unstuck and that’s when you need a helping hand. Due to the popularity of this training we have created 2 separate courses, one concentrating on TV and this one, which concentrates on FILM. These outgoings can be grouped into two types of start-up spending: Investigatory costs During the infancy of any start-up business it’s necessary for entrepreneurs to invest in researching the potential need for the business i.e. Neale recommends budgeting for the cost of your workers early on: “Good freelancers don’t come cheap”. He explains that “these things always work on the 80-20 principle. Anything beyond that is extra and you get two sets of amendments: i.e. However, on its own, this is not likely to make your company succeed. Jo Salkilld’s advice for company starters • Always build a sizeable contingency into any budget – between 5% and 10%. Purchase the equipment you will need for your media production company. Do anything and everything at the beginning to develop your skills and create a diverse show reel, Develop lasting relationships with clients and freelancers, Get your pricing right – it's easy to underestimate how much work a job will take, Business bank accounts are an essential tool for new businesses. According to Neale, while there aren’t really any rules and regulations as such “You do need good insurance in place. Sutherland advises looking around to see what other people are offering but warns that you shouldn’t “be tempted to gravitate towards the bottom, because someone will always be prepared to undercut you”. Startup loans can be a great option. Another thing to take into account in your budget is that “technology moves fast” so “equipment needs constantly upgrading” if you’re to keep in step with rival companies. Therefore, it is best to start off with some legal advice from a specialised business solicitor or a knowledgeable accountant. I finished uni 3 weeks ago where I did a media production degree and am now starting up my own video production company. Sutherland describes it as “a loose affiliation”. It will take time to build the team you need in order to expand and grow how you want it to, and it will take time to convince investors. Make the best work … Digital Marketing. Neale explains that “It’s very easy to get hung up on equipment when it comes to video production. Trade Marks In a nutshell, production companies produce, market, and distribute films, digital ads, and television programmes. Different ones support different sizes of camera so make sure you check the mount size and maximum load before you buy. This is so that you fully understand exactly what your business model will be in order to help secure investment. Building up to this instead, as the company improves on what it does well, is always a stronger business model to follow. To help us improve GOV.UK, we’d like to know more about your visit today. It’s a tough industry to break into, but it can be done. You need to choose which type of company you want to be. When you think about starting a production company, do you generally assume it’s an impossible venture and give up? Sutherland says “You’re probably going to upgrade your camera once if not twice” in a three year period. In the modern, digital age, however, the role of the production company is visibly changing. You can do most basic video editing on free software, but as you grow and take on more challenging projects, it’s worth investing in a more professional tool. This is the point people might begin to think it’s not worth starting a production company. One challenge is pricing your videos – “it’s a fine art and each video is completely unique”, Neale explains. Final Cut Pro is an industry standard for video editing, while Adobe makes a whole suite of editing and visual effects software. Choose a company name. Next, you should create a network of people who know how to produce quality videos. Each platform has its own intrinsic limitations and turning them to your advantage will turn heads in your direction”. The advantage of the collaborative nature of video production is that you can run a perfectly successful business from your home or co-work space as a sole trader, by combining your experience with other sole-traders or utilising freelancers. The first thing you will always be judged on is your work and, if your work is brilliant, your company name will become known. Whether you're looking to produce TV and film, music, theater or events, starting your own entertainment production company isn't out of reach if … Sutherland says that “most people who are starting up a video production company tend to be people who are both shooting and editing”. Barclays Business BankingCashplus Business AccountbOnline Business Phone, Accountancy Business Insurance, Websites Finally, look into your required insurance options, such as public liability insurance. Identifying your distribution strategy is increasingly important for today’s production companies. Sutherland explains that you shouldn’t be “shy of making demands […] It’s part of the business […] If you’re clear with people in advance they like that”. List of information about Starting a company. For any more information on setting up a business in different industries, We use cookies to offer you a better browsing experience, analyse site traffic, personalise content and serve targeted advertisements. He adds though that you shouldn’t always just chase the big money projects, especially when starting out: “Sometimes the people who pay the least are the most interesting projects, for example in fashion and art when it’s the most creative scope but they have the least money. Social Media Management Creating that ideal team around you will also be able to convince investors to invest, and marketers to trust them with their next advertising project. That said, it’s useful to build lasting relationships with freelancers so you know you can use them again when the right project comes along. Whether it’s to entertain, advertise or inform – the ease and speed at which high quality video can be uploaded to an online platform to reach a constantly connected global audience makes it an immensely useful tool for brands, corporations and individuals to gain exposure. Your business plan needs to answer all of these. Insurance for a production company is mandatory; most clients will not even allow you in their building without liability insurance. Video production requires a lot of technical knowledge and skills that can take years to master. “And people specialise in certain things”, he continues, “You might just do animation or very niche things like time lapse or graduation videos”. If so – don’t. Here’s the truth about starting a production company: The truth is that while it’s hard work, it is still possible to successfully start a production company in today’s market and to make your business thrive. So, think about hiring in the following areas: Setting up a limited company for contracting, How to form a company in the UK if you live overseas, Six things you need to know about how to set up a business, Co-Working Spaces – The Way Entrepreneurs Work. Getting this right will be a huge step in the right direction. Check if setting up a limited company is right for you. It will take only 2 minutes to fill in. . Sutherland explains that there are “more and more people coming into this space, and the entry point is lower and lower in terms of cost”. Seek Out Local Talent. The most important thing you need to realise is that success is not always immediate. For any more information on setting up a business in different industries, head on over to our help centre. Not too many people can say that. Starting a Film Production Company, UK. This allows you to charge the client for the time and equipment needed for each stage of the process, and allows the client to see how their money is being spent. By browsing our site you agree to our use of cookies. The work you make is the most important thing: Never forget that. NextShoot’s niche is high-end corporate video because they’re “quite skilled at interviewing people, and at getting good performances”. Startups.co.uk are trading styles of Marketing VF Ltd, an Appointed Representative of Resolution Compliance Limited which is authorised and regulated by the Financial Conduct Authority (FRN: 574048). However, with a business model as intense as a production company’s. Where will you seek funding for your projects? Starting a production company: Rules and regulations According to Neale, while there aren’t really any rules and regulations as such “You do need good insurance in place. This will allow you to “develop a package in a format”, and “you’re able to say to the client, £200 is half day of pre-production, £200 for filming, cameraman, director, all equipment, plus travel – and editing is going to cost you two and a half days at £400 a day, so that’s £1,000 plus music”. Neale explains that “niching yourself” is the best way to gain exposure in what is already a very crowded marketplace, this could be “medical videos or videos about video games but you could also niche yourself around a platform. Is this the first time you're building a website? market research. Show the quality you produce, make it absolutely clear that you are reliable, and make it reasonable. In theory, all it takes is an iPhone and some video editing skills – though … Discussion in 'First Steps To Starting A Business' started by nadialebon, Mar 12, 2014. These days, with software and hardware becoming ever more affordable, anyone can set themselves up as a video producer, but he warns that “having a camera and some software on your laptop doesn’t a production company make.”. Find your perfect website builder with Startups, Get your business online and start making money today, Focus on producing videos that suit your creative strengths, If you want to stand out in a crowded marketplace, find a niche. We’ll send you a link to a feedback form. For example you could aim to become an expert in Vine videos or Instagram videos. Therefore, it is best to start off with some legal advice from a specialised business solicitor or a knowledgeable accountant. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a … You also need to “get a release form signed from anyone appearing in the video” – that goes for lead actors, supporting actors and every single background extra – “or they could complain to your client, which may cost them further expense and damage your reputation”. Too much variety, on the other hand, and you won’t be anybody’s first choice for anything. When you start out you are so full of enthusiasm that you feel you can single-handedly take on the world. Do you want to start with online video ads and build up to making programmes for television? Neale advises looking for “a microphone that plugs into your smart phone. So, think about hiring in the following areas: Somebody who is very technologically savvy, and can turn hours of raw video into minutes of fantastic content in the edit suite. Adam Neale from Bold Content defines a production company as one that “makes content that allows businesses to communicate”. Most freelancers will have a show reel you can judge their previous work by to decide whether they’re a suitable fit for the project you’re working on. They will search for wedding videographer Norfolk, or in a sector like healthcare”. It's also an industry heavy with regulatory burdens, many of which you must learn inside out before you even start the first pot boiling or set the conveyor belt running. Sutherland says that “you also need to think about how you’re going to market yourself […] no one knows about you unless they hear about you, and you’ve got to find a way of developing a marketing pipeline of some sort”. Starting a theatre company should come from a desire to put on work that you may think is lacking in your specific context. They are great tools and it’s easy to forget how just a few years ago that shallow depth of field look was what low budget filmmakers were dreaming of. Neale says that when you’re starting out “you can make do with LED panel lights from Amazon as they are cheap, portable and will light up a room. Once you have started your company, it is time to run it productively. Starting a food production business will almost certainly involve taking on dedicated premises and at least a handful of staff. If so, how will you achieve this? If you need a location filming permit many places will require a minimum of £2m public liability insurance. Unlike other businesses, you’re selling a product before it’s completed so you need to come up with a system that charges the client for the service you’re providing but that takes into account that every project will be different. However, trying too soon, with too little experience or insufficient resources, will lead to wasted resources and, ultimately, a failure to get ahead. Read about how we use cookies in our privacy and cookie policy. The way I'm running it is by hiring freelance camera operators who have their own equipment and can be on call when I have work coming in, I feel this is the best way as it saves money than having someone full time. “Be aware of European worktime directives” he warns, “as filmmaking traditionally requires very long days which may last for several days in a row”. With your social media marketing and other online/offline efforts, as well as networking and conference events, emphasise that you are not one of those production companies that give them all a bad name by overcharging for work that’s really not worth the money. At some point, you’ll want to actually start producing music. Fledgling Theatre (who are Christopher Neels, Callum Cameron and Patrick Holt in the UK, and have an Australian arm headed up by Chris Huntley-Turner) have been creating their own work as a company since its founding members left the Royal Central School of Speech and Drama. 4,487 1,181 Have you any background in the business at … Some people get help from a professional, for example an accountant, but you can set up a company yourself. I would like to start up my own production company which will produce theatre and performance art relating to mental health. our business plan needs to answer all of these. Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. Sign up for a. Henry has been writing for Startups.co.uk since 2015, covering everything from business finance and web builders to tax and red tape. What area do you want your films to specialise in? As you undertake more projects you’ll “gain an instinct” for how long different stages of the production process will take and how much you should be charging. There’s so much to buy and so many shiny new toys that keeping a level head and concentrating on the bare minimum you need to run the business is not easy.”. Launching an entertainment production company means your day job is the rest of the world's fun. Visit our Complaints Policy page if you experience issues. Starting your production company is, in many ways, the same as starting up any new business. Even to the untrained eye, the difference between professional and amateur footage is startling – bad lighting, bad framing and most importantly bad audio are a death sentence. The most important thing you need to realise is that success is not always immediate. Bad audio makes all the difference between amateur and professional looking footage so it’s wise to invest in some decent gear. This has created a massive and endlessly diverse market for video production. Domain and Names So sometimes you need to stick to your guns, and if you feel like it’s not going to be worth it just politely say there’s nothing I can do because it’s stopping you from looking for other work”. The third big expense will be the cost of equipment. This 1-day workshop with producer Tracey Gardiner is designed to provide a practical guide for anyone who has ever considered setting up and running their own independent production company.. Thread Status: Not open for further replies. We use cookies. Both 2-day courses are aimed at those moving out of full-time employment into the freelance independent sector, and at people who are contemplating starting up their own companies. Check what a private limited company is. Therefore, it is best to start off with some legal advice from a specialised business solicitor or a knowledgeable accountant. It may well sound obvious, but when you're getting stuck into the complexity of whether to be a partnership or company limited by guarantee, it's useful to be reminded. Before joining the team, he reviewed films for a culture website, and still harbours ambitions of being a screenwriter. Our guide on starting a film production company covers all the essential information to help you decide if this business is a good match for you. But there are many different kinds of videos you can produce, as managing director at NextShoot Dominic Sutherland explains: “Homepage videos […] product videos for retailers and manufacturers […] internal communications or training content, case studies, which are a form of marketing […] event videos, conferences, webinars” – the list goes on. Somebody in charge of ensuring that films are delivered on time, on budget, and of the highest quality. It will take time to build the team you need in order to expand and grow how you want it to, and it will take time to convince investors. Somebody in charge of choosing and assessing scripts, film, and advert ideas. It’s a tough industry to break into, but it can be done. Savvy production companies have positioned themselves so that when a brand wants some video content to ‘go viral’, or for an advertising campaign, they go straight to the production company that has experience and has demonstrated success in this area. This is so you can become known and respected for your specialised work. Credit Insights, Company Dissolution Most people employed in the industry will be aware that they may be required to work overtime, but make sure everyone knows of possible hours and expectations. Their most recent production, ‘ They Built It. He also advises being “very pragmatic to begin with because you’re probably going to have to do a fair amount of work at low or no pay, to get yourself enough of a body of work to then hook people who are prepared to pay the going rate for video content.” You should keep “your overheads as light as possible” and ask yourself “Do you really need an office? “You can’t be an expert at everything”, Sutherland explains, “You need to have other people who’ve got skills in the same area as you – someone who can compose music, or if you’re a shooter but you can’t direct then you need someone who’s a director”. This means they will have all the basic knowledge needed to film and edit the raw footage into a finished product. For example, you might say: “Payment terms are 50% in advance of filming, invoice on delivery with terms of 30 days […] I’m going to do this amount of filming, this amount of editing, these costs. They seek finance and investment during the course of their work, and will often commission parts of the process, such as script writing, to outside specialists. As mentioned before, there are countless different kinds of video production and you’ll need to decide what you’re going to focus on from the outset. Start-up costs cover all the one-off fees associated with the creation of a new business. Again, as you grow and pick up the £300 clip mics you can always use this as a good emergency backup”. Whilst you may not know this yet, take some time to research the market and perhaps even try making different kinds of videos to discover what you’re suited to. It’s the lower paid jobs that will absorb 80% of your time. He’s also contributed to many of our industry-renowned annual indexes, including Startups 100 and Young Guns, and created a number of the site’s popular how to guides. Incorporate your business. We take a look at the people, businesses, and events that have shaped the last 20 years Meet PolicyMogul, the startup that wants to open up lobbying to SMEs Independent movie production companies are production companies that operate without a studio or distribution contract or budget. Likewise, you could take jobs simply because they’re going to give you a new experience. Which roles will you fill with members of staff and which will you hire freelancers for on a temporary basis? But as soon as you demand more than you’re worth, that is where plenty of production companies ultimately fail. You must choose a unique business name to register with Companies House, and you must allocate one or more directors and shareholders. Neale also advises hiring someone to keep your accounts in check: “Most creative types don’t want to be burdened with numbers and receipts so budget for a good bookkeeper as early as possible.”. Can't find the answer you're looking for? If this is the case, you might want to look into offering internships or apprenticeships, as these will really help you with the workload and you can begin to gradually build your team at a low cost. Things to think about when starting a production company are: In the digital age, the world is full of video content. Is it really that hard? An essential but inexpensive piece of kit to get steady, professional shots. Neale agrees: “Making enough profit margin per video to keep the company afloat whilst remaining competitive is a constant challenge and with so many companies in the marketplace you have to be able to differentiate on more than just price.”, Get the latest Startup news and information. One of the most important things to bear in mind is that trying to do too much, all at once, is a bad idea. Because, as well as great films, you must also be easy to work with, represent good value, and always be reliable. He advises developing client relationships and “the only way to do that is to create content and get in touch with people”. If you intend to use music in your videos “you should avoid using copyrighted music […] unless you have clearly agreed this with the client and they accept liability in writing”. The client may specify what kind of music they’d like in the video and leave it up to you to find a suitable composer. paulears UKBF Big Shot Full Member. Set artistic goals. He continues: “You’ll probably charge something like £1,500” for a project, “and if you are getting 20 of those jobs a year, that would be a salary of £30,000 before tax […] at the bottom end […] after a couple of years, good filmmakers are able to earn around £30,000 – but you have to be good, you’ve got to develop relationships with people who give you regular work”. Sutherland says “there’s an easy way of breaking it down […] pre-production, the time it takes you to write a script, set things up, have a meeting, maybe even do the administration, such as creating invoices and doing expenses and post production, the filming, and editing”. Whether it be for feature films, factual television and drama or feature documentaries, participants should be prepared to talk about why they want to set up on their own and what their goal or strategy is. Unless you've got specific projects you want to make together (or alone), the business stuff is pointless. Instead, consider the benefits of focusing on one area of video. A company isn't just the legal entity – it's the people making the work together. These people understand how to film a project, produce a project, edit a project, and make a client happy." These days, most video production companies are shooting in 4K resolution or Ultra HD – 4096 x 2160 pixels. It’s not just technical knowledge you can get from going to film school, that old proverb, ‘not what you know but who you know' rings true – the connections you make at film school can be invaluable when you’re just starting out. 1 year since the GDPR, but what’s changed? You always need like-minded people on your side when setting up any business. Many people choose to specialise in one particular area such as camera operation, lighting or sound and will have a background or education in the medium. Most commonly, indie movies are made with a budget of $1 to $100,000, but it is rare to see an indie movie that has been made for over $100,000. You’ll need to be … If you have no experience or formal education in video production it might be wise to take a course or a degree. So sometimes actually the hook for doing it is not just philanthropy but the project is interesting […] people will say to themselves ‘I’m going to get one really good shot for my show reel’”. Sutherland agrees: “Most freelancers worth their salt will have their day rate and charge £200-£350 a day for their editing for example, and the camera man will charge you for his time and their kit – that’s normally open to negotiation based on a project”. Shakespeare companies could be a little tricky footage into a finished product to realise is success... It absolutely clear that you can do this, and distribute films, digital age, however, role. 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