When film production companies are working on movies and TV shows, these companies must understand the best practices for the industry. There are five best practices below that can be used to help a film or TV production company succeed. You should consider how each of these best practices line up with your business model and vision. You can implement these best practices as you build your team, and you can make your company as efficient as possible.
1. Create A Budget For Each Production
Sam Haskell understands that every production has a budget, and he recommends that the budget be the first thing that you create. You will build your budget based on the funding that you have acquired for the production, and you should stick to your budget as strictly as possible.
The budget for the production must account for the salaries for everyone on the project from the director to the actors and everyone who handles sound, filming, food, assistants, and several other production assistants who are required. You must also pay for permits to begin production. You must have a clean budget that is easy to read, understand, and adjust. When you have a final budget, you can proceed with the project because you know where all the money is going.
Your budget should also include insurance and bonds for the production. If you are not insured or bonded, you are left open to massive liability if something should happen on the set.
2. Obtain Permits For Your Location Shoots
When you obtain permits for each location, you must let the city, county, or municipality know how filming will go. You need a permit that allows you to stay in a certain location for a particular amount of time.
You must work with foreign countries to determine how you will get visas for everyone on your production staff, and you should arrange for these visas in advance of the production. Getting a permit and a visa from a foreign country can be difficult. Plus, getting permits from small towns in rural areas can be complicated because they do not have the robust infrastructure of a major city or county.
3. Hire And Compensate Your Teams Properly
You must hire a full team of people, and you must compensate them properly. The budget for your production must include every person on the project. You must pay them a fair wage for the project, and you should compare what you are paying with other production companies in the industry.
You can negotiate with everyone from the director to the actors and the people behind the scenes. Some people like the composer or an animation specialist might charge a flat fee for their work. You must pay the musicians who record the music a fair wage, and you should look into any union contracts that you must abide by. You do not want to underpay people who are represented by a union, and you should not try to “lowball” anyone to save money. Word will get around that your company does not pay its staff fairly
4. Create A Strict Schedule For Production
When you are ready to start your production, you must have a strict schedule. It might be impossible to stick to that schedule because of weather and other unforeseen events. At the same time, you need to have a goal that everyone is trying to reach. For example, you might have two weeks to finish the project based on the budget that you have, the schedules of actors and directors, and the permits that you have received. Write a schedule that helps you finish the project in two weeks.
As you begin the project, you can adjust the schedule based on any obstacles that you face. A good producer will build some extra time into the schedule. For example, Sam Haskell recommends that producers add more time to the schedule to account for inclement weather, delays, injuries, and anything else that might arise.
5. Rent Equipment To Save Money
When you are looking for filming equipment, you can rent the equipment to save money. Paying out of pocket to buy film equipment is expensive. A rental company can deliver to you and help you set up all your gear. Plus, these companies will pick up their gear when the shoot is over.
You Can Set Up Your Production Company And Set Your Standards Today
When you are planning to produce films or TV shows, you can use these five best practices to organize your business. You can streamline the work that you do, and you can save money by doing things the right way. You will also improve your image by doing right by your staff, actors, directors, and investors.