The world is slowly levitating towards digital media. According to the trend, the media industry will be a dominating force by 2025. Hence, starting a production company will be equivalent to taking your piece of cake from the hype. However, it is not easy to start a company, let alone a production house.

If you don’t know the basics of a production company from a soap’s bar, then this article may be a starting point for you. Let us dive deep into a step-by-step approach to starting a media house or a production company in Singapore (you can apply these steps anywhere in the world).

Production Company

In layman’s terms, a production company can be described as an enterprise that creates video content for different niches. For example an advertising company or a film production house. It depends on how much you are willing to invest. Hover, you can slowly build up to a bigger level while taking a humble start.

Now that the basics are out of the way, let’s discuss How can you start a production company in Singapore.

1- Niche

You need to decide on what you need to do and then start. Because an idea without a plan is destined to fail. You may think “It is just a video right?” Yes, but there are so many levels to it. You can either have a humble start with youtube or go all guns blazing and produce movies. But you need to plan beforehand. Choose what you want to do and then start.

An important point to consider is the type of content you will make. Is it going to be low-budget films or action films that require more budget? Once you have a plan in hand, it will get easier for you to understand what needs to be done.

2- Name the baby

Baby? Yes, your production house! It’s a no-brainer, right? You need to have a name before you start working on your paperwork. An important tip is to name your company with something that you actually care about. It will mentally trick you into working harder for the production house in Singapore.

3- Plan it out

We have already discussed it before. Be mindful of your plan before you start your venture. You can’t expect everything to work out on its own. If you cannot do it yourself, invest in your business and hire someone to do it. A consultant will give you a booster start and things will fall into place.

Before drafting the plan – think about what you want to achieve from the venture so that you exactly know what to do.

4- Legal Advice

You must be frowning right now. An attorney for what? Well, things are not as easy as they seem to be. Before you start the business/production company – ensure that you have a legal standing all your papers are done right. If you start without a legal base, your building will stand but it is destined to fall in a few years.

5- Hire a team

As much as you want to work on your own, you cannot run a production company on your own. After you draft a business plan, plan out your hiring requirements. You are going to film things? Hire a videographer, an editor, and so on and so forth. However, as a fetus venture, you will have to work hard on maintaining a budget. But, when things start to work out – you will earn way more than you had initially invested. So be patient with the process and get on the grind.

6- Insurance Plan

Life is a bumpy ride and building a business is synonymous with life. As much as you try to avoid it – you can fall into a pit and hurt yourself AND your team. So, ensure that you have insurance to avoid long-term damage. Be careful with every step that you take because passion will drive your motivation but monetary funding will fuel your fire over a longer period. This is why you should pay more attention to such protocols.

7- Show some presence

The last step in line is to actually get out there and show people that you are a production company in Singapore. Build a website so you can put your work out there in the world. If things don’t look fancy in the beginning, they don’t have to. Just take a start and everything will eventually fall into place.

This is everything that you need to do to start a production company in Singapore. There are different ways to reach your destination but make sure you do your research before taking your first step so that you don’t end up being a liability to your team and yourself. However, being too cautious can also hinder your progress. The key is to follow the intuition and back it up with some planning.