Once you start your own video Production house things can get a little tough. This is because you will need to take care of many things related to your business as well as projects you need to complete. If you get to a point that you feel burned out because of doing so many tasks on your own, perhaps you need to get assistance from other people to do some of your work.
Here’s what I have done for my own company after I decided to get help.
1. To check on my books every month, I hired an accountant to take care of all my tax issues and forms.
When I receive tax information via postal mail, I send those to my accountant. After he’s done checking on them, he sends the forms back to me so I can put my signature on them. These forms also contain pre-stamped envelopes with written addresses. It only takes a few minutes of my time to get these done and dropped to my mail box. I only pay him $100 per month for this task.
2. Every two weeks, there’s a payroll company who takes care of my video production company’s paychecks.
This payroll company works on checking my payroll taxes. Once they do that, I am only concerned with the confirmation and checking to recognize that it is in my account. I pay $60 per paycheck on this service.
3. I hired freelance editors to do every post-production task for our video projects.
Editing may be your favorite thing but it’s just the most time intensive work we have in this video business. A few years ago, I knew that I have to make the edits in the script or edit decision list (EDL) and approval session since that is where the value of project is infused. During the time that my editor does his job for 20 long hours or more, I market, decide on projects or unwind. That leaves me with plenty of productive hours to manage my business and network with others.
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 production company and fulfilling your its objectives.