How do you propose to structure the management team for your venture?
The venture will launch in Jan, 2020. For that time the organizational, management and staffing structure will be mostly small and basic. I will be covering all the areas by myself. With that being said the areas I will be covering are:
Owner/CEO.
Producer, Director & Editor.
Advertising, Marketing & Business research.
Accounts, Accounting and Finance.
As long as the business grows this will eventually change. One thing I have learned is that if the type of business permits, the expenses must be as low as possible at least in the first 1 or 2 years of the business until everything is more established. Within the growth of the business is when small profits start to come and those expenses increase, letting other areas grow in parallel.
Supposing the business goes as planned here’s my tentative structure for 2022.
Owner/CEO. (myself) including the Producer and Director Role.
1st Assistant. who will help me make things happen.
Marketing & Advertising. who know about advertising and MKT.
Accounts/Clients Management, Accounting & some finance.
Editor
Discuss the priorities of your top executives in the first 90 days and in the first year.
DEVELOP AND STABLISH THE BUSINESS MODEL AND STRUCTURE.
PROFITABILITY AND FIRST ANALYSIS OF FINANCES.
KNOW MY DEBITS AND CREDITS, ASSETS!!!
DEVELOP TOLERANCE FOR RISK AND UNCERTAINTY.
WORKFORCE MANAGEMENT AND PLANNING.
BUILD CLIENTELE + SALES.
FIND THE GROWTH AND NEW WAYS TO GROW.
TAKING ON ALL THE RISKS!
PURSUING THE FIRST OBJECTIVES OF THE VENTURE.
INNOVATE AND CREATE.
HAVE WILLINGNESS TO ACCEPT AND LEARN FROM FAILURE.
Identify your sources of funding.
For my venture the sources of capital I’m thinking about to manage and operate the business in the first stages are:
Personal investment.
Some “Patient Capital” from family and friends.
Possible Venture Capital; offering 10% of my company in exchange of capital 10-20k for startup.
I would also consider a Bank Loan for the second phase of my business.
Likewise, a Crowdfunding such Kickstarter after finishing a documentary film to attract individuals and market my idea.
Explain how your venture will make money. What is the expected pricing, and how many sales are needed each month to cover expenses? What is the profit forecast, when is the break-even point, and how will you ensure cash flow to continue monthly operations prior to achieving profitability?
My company will make money by producing content for luxury Real Estate. The expected pricing will go from $1500 to +$3500 depending the square footage of the house and what will be the Client’s requirements. To cover expenses in the first 12 months, I’m thinking in closing up 2 to 3 projects x month to reach my break-even point. In terms of ensuring cash flow, the 2 to 3 project will hold up the numbers to keep a positive cash flow. Keeping my expenses low until seeing the expected profitability will be another key. If I look at my profit forecast, by the end of the first 12 months, profits will start coming up, increasing at least 20% x semester.
Does your venture have multiple revenue streams? What are they?
GOODS SALES & SERVICE FEES. Which includes the production of content.
ADVERTISING. Which include promoting other products from Clients through our network.
SUBSCRIPTIONS. Which will include a full course to learn how to create your own company for Real Estate film and photo services.
Summarize the venture’s fixed and variable expenses.
FIXED EXPENSES
Software Subscriptions.
Website and other platforms Subscriptions.
Insurance
Cell-phone plan
General Utilities. Although the business will start in-house.
Taxes
Accountant salary.
Bank accounts fees.
Advertising
Loan Payments
VARIABLE EXPENSES
Film and Photo equipment upgrades.
Mobility to each location.
Executive gifts for certain Clients.
Business Licenses, permits.
To be considered:
-You must have a working smart phone (Android or iPhone)
-You must feel comfortable with working/navigating in an app format
-You must have a flexible/open schedule on Fridays
-You must ensure your reliability as a team member by showing up on time, being honest, asking questions if you need help, and making sure all tasks are executed in a streamline and professional manner.
-You must have excellent communication skills: respond promptly to emails, texts, calls, etc.