Get advice on how to create professional budgets and proposals for video projects. Learn how to review client assessments, develop concepts, leverage budgeting tools, and more.
- A well-planned budget can mean the difference between success and failure. Whether you own or work for a production company, or you're a freelancer. It's important to understand and document the full scope of work, and fees to be charged for a project. In other words, creating an accurate budget, can not only save you time, but protect your bottom line. I'm Walter Biscardi, Jr., and I've been in the video production industry for over 25 years. I've been a business owner for over 18 years. I started out as a video editor, specializing in all things post-production, and then I grew my skills, so now I'm just as comfortable writing, budgeting, and directing as I am editing or color-grading.
Now, a big part of creating an accurate budget is understanding exactly what the client needs. So before we even discuss money, we'll talk about getting enough information from your client to understand the full scope of the project. We'll also talk about how you can focus on specifics rather than generalities to help ensure you account for everything needed to complete your vision. Beyond just presenting a dollar amount, a budget clarifies what we promise to do for the client, and what the client is expected to provide for us.
A clear, concise budget can mean the difference between landing a project, or not. The ability to properly budget time, people, and materials, will help make sure you don't get stuck paying for all those little things that can turn profit into loss. So let's get started.
- 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