So you want to start a production company: how to start

So you want to start an entertainment production company. You probably think that it will be glamourous and exciting and make you lots of money. While that could happen the far more likely scenario is that you will spend years working very long hours for very little money. It can take a long time to get a production company to the point where it is profitable, and many people are unwilling to stick it out. If you still think you want to give it a go, here is how to get started.

The first thing that you are going to need if you want to start a production company is something to produce together with a solid business plan. What this is will of course depend on what kind of company you are looking to start, it could be a script it could be a band. A lot of people will advise you that you should arrange your financing before you worry about finding something to produce. The problem is that unless you have your own source of funding or a proven track record in the industry it will be very difficult to arrange funding without something concrete to show investors. Having something to produce and being able to convince investors that it is a good idea and likely to be successful can help you overcome not having long track record in the industry.

Once you have an idea of what it is that you want to produce you can start looking for money. This will likely require you to take on investors as very few banks will lend you money for something as risky as an entertainment production company. In order to find investors you are going to need to create a business plan. This should clearly explain what your company does, how much money you need, how you plan to market the finished product and when it will be done. Remember you need to think about this like an investor, they don't care that you may have the greatest band of all time, they care about making money. You need to be able to clearly show them how they will make money and how long it is likely to take.

Once you have something to produce and the money to do it you have an entertainment production company. At this point the real hard work starts you need to actually produce your product. Many people think that this is the end of the job, it's not even close, you still need to work out things like distribution and promotion. There are a lot of jobs that need to be done in running an entertainment production company and you will certainly need to hire help.