It is challenging to manage your video company especially when there are many tasks you have to deal with as a business owner and as a videographer. If you get so tired at the end of the day because of numerous responsibilities that you handle, you should consider hiring someone else to do some of these things.
Here's the strategy I used to run my own company.
1. I have an accountant that audits my books once per month and handles ALL tax related issues, forms, etc.
When that stuff comes to me in the mail, I put it in an envelope and send it to him. He sends back forms ready to sign with pre-stamped and addressed envelopes. It takes me only a few minutes to sign the papers, seal them and drop them in the mail box. This costs me roughly $100 per month.
2. A payroll company manages my paychecks twice a month.
This payroll company works on checking my payroll taxes. Once they do that, I'm only concerned with the confirmation and checking to recognize that it's in my account. I pay $60 per paycheck on this.
3. I hired freelance editors to do every post-production task for our projects.
So, I never have to nurse renders, encodes, etc. You may love to edit, but that is the biggest time sucker of anything we do. I decided a couple years ago that I would do all my editing in the script/EDL and in the approval sessions. That's where I add the most value anyway. So, while the editor is working on my video for more than 20 hours, I'm marketing, developing other projects or relaxing.
Don't get the impression that you are losing control of your company when you designate some tasks to others. As long as you are not asking these people to make major business decisions for you, that's fine. You are just giving them work that are still based on your specifications. This way, you get to concentrate on growing your video business and fulfilling your company's objectives.
Here's the strategy I used to run my own company.
1. I have an accountant that audits my books once per month and handles ALL tax related issues, forms, etc.
When that stuff comes to me in the mail, I put it in an envelope and send it to him. He sends back forms ready to sign with pre-stamped and addressed envelopes. It takes me only a few minutes to sign the papers, seal them and drop them in the mail box. This costs me roughly $100 per month.
2. A payroll company manages my paychecks twice a month.
This payroll company works on checking my payroll taxes. Once they do that, I'm only concerned with the confirmation and checking to recognize that it's in my account. I pay $60 per paycheck on this.
3. I hired freelance editors to do every post-production task for our projects.
So, I never have to nurse renders, encodes, etc. You may love to edit, but that is the biggest time sucker of anything we do. I decided a couple years ago that I would do all my editing in the script/EDL and in the approval sessions. That's where I add the most value anyway. So, while the editor is working on my video for more than 20 hours, I'm marketing, developing other projects or relaxing.
Don't get the impression that you are losing control of your company when you designate some tasks to others. As long as you are not asking these people to make major business decisions for you, that's fine. You are just giving them work that are still based on your specifications. This way, you get to concentrate on growing your video business and fulfilling your company's objectives.
About the Author:
Want to find out more about running a successful video production company, then visit Kris Simmons's site to see how he's helping talented and passionate filmmaking professionals make more money in the video production industry.
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