Having worked in video production for 15 years, I’ve seen many production companies come and go and I put together a list of the 7 most common reasons behind their failure.
According to Small Business Administration (SBA), around 20% of business startups fail in the first year. And 50% don’t make it to five years and only 1 out of 3 are around in 10 years.
1 - lack of a system to bring in more business (rely on word of mouth)
2 - Not hiring help and trying to do everything yourself to maximize profit
3 - Scaling too quickly (hiring too fast before you actually need the help) (getting a big office, too much gear, etc) STORY
4 - tackling too many projects at the same time, can lead to getting hurt or burned out
5 - trying to hold on to another job or freelance career
6 - not charging enough for your service.
7 - Not delivering exceptional value to get repeat business and long-term clients
Learn the exact blueprint I used to go from a struggling videographer, to running a profitable video production business, in this one-hour free training.
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