I learned a lot of valuable information from the experts in the field and the ones that I researched in the past. Start with the idea, and expand from that. That was great start to the business plan. I have had this idea for as long as I remember. I did my research, I made sure I had the correct information, and made sure that my business idea was unique and had the opportunity to stand out.
I made sure to look at the business plan in a “critical light” as Dave from Growthink had mentioned. Make sure to know the backgrounds, 100% believe that I am right for this venture. And after researching many things about this industry, I know that I am absolutely the right person for the venture. Whenever it comes to actually want to get investors for my Idea, how to find the right audience, proving that the idea will work, and having a marketing plan are all super important in landing the right investors for you.
Experts are really the way to go. Look at there past mistakes, and make sure you do not do the same thing. Make yourself believe that you are going to be successful, and know 100% of what you’re talking about and then you can pursue others to believe the same.
Having the idea in the dream is where you start, after that its all up to you to make it all a reality. You must know the right words and direction to push yourself in. Most of all DO YOUR RESEARCH. Know what you are getting your self into. You must really truly want it.
Sunday, June 26, 2011
Sunday, June 12, 2011
Banditt Productions
First off, I will give you a little background on what my company is and what I hope it to become. The company will be called “Banditt Productions” and here is the description.
“Banditt Productions, LLC, ensures that 100% of career management needs are taken care of for artists/musicians. Unlike most artist management companies, BP offers the total package, a 360 deal, which offers management, promotions and booking for the artists. By having one contract instead of multiple, the artists can focus on their musical careers, instead of the stress and confusion of having to manage many different contracts with different companies. Banditt productions will be taking a unique approach to this company by working primarily with indie female artists. With this concept it will be sure to expand the interest into a wider market for this genre. BP will be also focusing a lot on live entertainment and having many female driven music festivals throughout the year. The location for Banditt Productions will be in Orlando, FL, but will be able to work with bands/artists all through the United States.”
What sets me apart from my competition?
SWOT
Strengths- Having the unique 360-deal concept. A lot of bands to not know the first thing about how to get their careers off the ground. We will take care of everything for them to the promotional aspects of the industry to artist development. We want to make sure that they never stress out and focus 100% of their careers. We feel that because of this an artist will have the chance of getting further in their career.
Another, key strength is being female oriented. We know the amount of talent female artists have is amazing, and yet seem to be the lesser artist in most cases. Well, we are directing everything around the festivals and company being fully female oriented.
Weaknesses- Breaking into the music industry and having artists that are not that well known yet can be quite hard. There are hundreds of new companies each year that are trying to break in and sign the best artists. It may be a difficult task to get our name really out there and brand the company.
Another, major weaknesses is the location of where we will be basing our company. Orlando has not been the best place for the music scene, even though it is getting better there will be a lot of work to get recognized in the near future.
Opportunities- The Company Festival Republic will be now putting on an annual festival every year in Orlando, FL. This will be good for Banditt Productions because of the reputation that Festival Republic has. We could have the chance to either get some of our artists to play the festival or promote our company at the festival itself.
Secondly, there has been a sudden interest in more female artists. This could be good for Banditt Productions, considering many will have the style of Taylor Swift or other female indie-artists.
Threats- the declining of the industry in the past few years has hit hard, and we feel that it is harder for new artists to really get to the top. We do not want to be one of the companies that do not succeed because of this. This could be a cause to hold Banditt Production back from being successful.
A threat that could possibly push the company forward is the fact that we are branding ourselves differently. We are bringing new concepts that are new to the industry and that are something that has never really been done before.
“Banditt Productions, LLC, ensures that 100% of career management needs are taken care of for artists/musicians. Unlike most artist management companies, BP offers the total package, a 360 deal, which offers management, promotions and booking for the artists. By having one contract instead of multiple, the artists can focus on their musical careers, instead of the stress and confusion of having to manage many different contracts with different companies. Banditt productions will be taking a unique approach to this company by working primarily with indie female artists. With this concept it will be sure to expand the interest into a wider market for this genre. BP will be also focusing a lot on live entertainment and having many female driven music festivals throughout the year. The location for Banditt Productions will be in Orlando, FL, but will be able to work with bands/artists all through the United States.”
What sets me apart from my competition?
SWOT
Strengths- Having the unique 360-deal concept. A lot of bands to not know the first thing about how to get their careers off the ground. We will take care of everything for them to the promotional aspects of the industry to artist development. We want to make sure that they never stress out and focus 100% of their careers. We feel that because of this an artist will have the chance of getting further in their career.
Another, key strength is being female oriented. We know the amount of talent female artists have is amazing, and yet seem to be the lesser artist in most cases. Well, we are directing everything around the festivals and company being fully female oriented.
Weaknesses- Breaking into the music industry and having artists that are not that well known yet can be quite hard. There are hundreds of new companies each year that are trying to break in and sign the best artists. It may be a difficult task to get our name really out there and brand the company.
Another, major weaknesses is the location of where we will be basing our company. Orlando has not been the best place for the music scene, even though it is getting better there will be a lot of work to get recognized in the near future.
Opportunities- The Company Festival Republic will be now putting on an annual festival every year in Orlando, FL. This will be good for Banditt Productions because of the reputation that Festival Republic has. We could have the chance to either get some of our artists to play the festival or promote our company at the festival itself.
Secondly, there has been a sudden interest in more female artists. This could be good for Banditt Productions, considering many will have the style of Taylor Swift or other female indie-artists.
Threats- the declining of the industry in the past few years has hit hard, and we feel that it is harder for new artists to really get to the top. We do not want to be one of the companies that do not succeed because of this. This could be a cause to hold Banditt Production back from being successful.
A threat that could possibly push the company forward is the fact that we are branding ourselves differently. We are bringing new concepts that are new to the industry and that are something that has never really been done before.
Sunday, June 5, 2011
Experts are the way to go.
When starting a new business, you must first have the idea. Once that falls into place you have to do your research and create a business plan to allow yourself to get others interested in the company to hopefully invest. Many people out there are such experts in this field of creating the perfect business plan such as Donald Trump, Oprah, Kevin O’Leary and many more. The certain expert I will be discussing is the co-founder of Growthink “Dave Lavinsky” he is very successful and an expert in creating the perfect business plan and capital.
Growthink is a company that is geared towards helping other entrepreneurs become successful. They help anything thing from small new businesses to fortune 2,000 companies. I really enjoyed reading about Growthink, the company is all about positivity and integrity and is all about making sure they “get it done” and “get it done” right.
In a video about Growthink on the company website, David discusses many reasons about the importance and key components of developing a business plan. Some of those business plan basics he mentioned about investors and about how you must keep up to speed with the times. He mentioned that they look at business plans in a more critical light; they want to know your backgrounds, know that you are right for this idea. They are more likely to invest in YOU then your actual plan. You have to have the confidence that it will work, do your market research, and being 100% that if it makes sense for you to even start a business at this time.
Another important thing that really stuck out throughout the video, David said that you must do everything to convince the investor, really sell the idea to them. Find the right audience, what is the importance of the opportunity that would make them more interested in investing in your company. David also mentioned many times that no longer are business plans just an operational document, but a marketing plan, proving that the idea will work.
While studying David and Growthink, I learned many new great ideas about writing a business plan. Growthink would be a great company for a new start up business to look into, they really know what they are doing and most likely are going to be the reason for helping you get just the right investors for your certain company.
http://www.growthink.com/content/david-lavinsky-growthink-and-entreprenurship
http://feedroom.businessweek.com/?fr_story=a6be55484f395148180836b4e80cb8d042fb2c8e
Growthink is a company that is geared towards helping other entrepreneurs become successful. They help anything thing from small new businesses to fortune 2,000 companies. I really enjoyed reading about Growthink, the company is all about positivity and integrity and is all about making sure they “get it done” and “get it done” right.
In a video about Growthink on the company website, David discusses many reasons about the importance and key components of developing a business plan. Some of those business plan basics he mentioned about investors and about how you must keep up to speed with the times. He mentioned that they look at business plans in a more critical light; they want to know your backgrounds, know that you are right for this idea. They are more likely to invest in YOU then your actual plan. You have to have the confidence that it will work, do your market research, and being 100% that if it makes sense for you to even start a business at this time.
Another important thing that really stuck out throughout the video, David said that you must do everything to convince the investor, really sell the idea to them. Find the right audience, what is the importance of the opportunity that would make them more interested in investing in your company. David also mentioned many times that no longer are business plans just an operational document, but a marketing plan, proving that the idea will work.
While studying David and Growthink, I learned many new great ideas about writing a business plan. Growthink would be a great company for a new start up business to look into, they really know what they are doing and most likely are going to be the reason for helping you get just the right investors for your certain company.
http://www.growthink.com/content/david-lavinsky-growthink-and-entreprenurship
http://feedroom.businessweek.com/?fr_story=a6be55484f395148180836b4e80cb8d042fb2c8e
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