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Kim Production Diary: Making a Budget, Fundraising and Business Plans

Kim Production Diary

Been crunching numbers lately, but before I go on, I’ll define a few terms for those unfamiliar with the intricacies of film production.

Pre-production is the time spent preparing the film before the actual shoot, this includes writing the script, hiring the crew, auditioning, casting, and rehearsing the actors, finding locations, rasing money, and whatever preparations we need for the camera crew and the art, props and sets.

Production is the time when the cameras are rolling and we’re shooting the picture.

Post-Production is everything that happens after the shoot. Editing, composing the music, doing the sound design and sound editing, festival submissions, marketing, and distribution of the final film, etc.

At this stage of Pre-production, Leeah and I have been working to finalize our Budget, Fundraising Plan and Business Plan, three essentials for proceeding with the production. With these three key components, we’re trying to answer these questions:

The Fundraising Plan: how are we going to raise the money for Kim?

The Budget: How are we going to spend the money once we get it?

The Business Plan: How are we planning to make the money back once the film is made?

Investors and funders will certainly want to see the Budget and Business Plans before they contribute money, but they’ll probably also be interested in seeing the Fundraising plan to make sure that our plans are solid and we’ll be able to raise the rest of the money for the production.

As we finish up the Budget, some of the issues we’re facing are trying to nail down the locations and the costs for the locations, deciding the size of the crew we’ll need on set as well as the length of the shoot, and deciding how many paid pre-production days we’ll have for the actors, the art department, and camera crew. We also need to include money in the busget for post-production or be forced into a second round of funding after the film is shot, as well as a little extra contingency money for unforeseen emergencies (usually about 10% of the budget).

Our Production Consultant, Jenna Payne, has been invaluable to the process, providing us much needed insight and guidance as we nail down the numbers. With her experience and expertise, she’s helped us cut expenses and helped us stay realistic in terms of what things will actually cost.



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