In his 20+ years of working in and running his own production companies, Walter has learned a lot of dos and don'ts when it comes to budgeting and presenting proposals. Taken directly from his experience in the "school of hard knocks," this video covers his top five dos and don'ts.
- In my years of running my own companies,…I've learned quite a few dos…and don'ts in how you prepare, and present a budget.…Here's my top five.…Do present your budget in writing.…Don't give your budget verbally.…See memory is a funny thing when it comes…to an agreed upon budget.…Always present your budget in writing,…so there's absolutely no question on what you…and your client agreed upon.…I like presenting the budget on company letter head,…but even an e-mail has everything in writing.…
Do present your client a concise budget.…Don't present a long, meandering…budget with too much detail.…See the budget you create for yourself…should be fully line itemized, with lots of details.…However, the budget you present to your client…should be in a clean, concise manner,…that is easy for your client to understand.…A budget that shows every little detail can be confusing,…and even frustrating, especially to corporate clients.…
When it comes to presenting a budget,…unless a line item budget is requested, less is more.…You can always show the full details later, if requested.…
- Completing a client assessment
- Discerning between client needs versus wants
- Developing a working concept
- Creating time and crew assessments
- Coming up with the budget
- Presenting the proposal
- Revising the budget
- Knowing when to walk away
Skill Level Intermediate
Video Foundations: Cameras and Shootingwith Anthony Q. Artis2h 58m Intermediate
Script Writing for Nonfiction Videowith Amy DeLouise1h 46m Intermediate
Site Surveys for Video and Photo Projectswith Richard Harrington1h 43m Intermediate
1. Client Assessment
Client need vs. want1m 55s
2. Concept Development
3. Prebudget Production Planning
4. Putting the Budget Together
5. Presenting Your Budget and Proposal
6. Revising the Budget
Next steps1m 7s
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