Vim and Vibe Productions LLC.’s Post

📽 💷 A good quality video will serve your business many many years. There is no set fee for a single video. On the other hand, the budget is very important. Let your video production company understand your needs before asking how much it's going to cost you, and they will use your budget wisely. 💰 #BudgetPlanning #BudgetManagement #BudgetingTips

Who would’ve thought that a co-speaker would be a great idea?🤭 We decided to blow off some steam in today’s episode and goof a little bit, while teaching you on expense management. The key to expense management is to manage what you have: work with your budget, plan and save. This way, you’re already financially intelligent without even knowing! What did you learn from this video? Tell us💚

When quoting for projects there’s a certain amount of scope creep that can happen as the project develops. Sometimes this can easily be budgeted for with something like a contingency percentage cost. We’ve been putting together a series of videos over the last two weeks which was pitched to us as 5 x3 minute videos. They’ve turned out to be 9 x10 minute videos and as such the 4 day edit is two weeks worth of editing. A contingency percentage wouldn’t come near to covering the cost and we would be a few £ out of pocket. In this instance, it’s a long term client, who understands the process, our costs, and the time that goes into creating it and both parties know the new cost for the project. With a new client that wouldn’t work, especially if budget has been a big part of the conversation. The initial conversation about a project isn’t designed to rinse you of all the £s. It’s to gain a real understanding of the scope of the project to give you an accurate quote to make sure we have the time and resources available to deliver what you need. You know your business better than us, but our 13 years have taught us how long something takes to create. #business #budgets #scope

Negotiating payment terms can be a great way to stretch your video production budget. 💸💸💸 Here are some strategies to consider 💡 𝐁𝐞 𝐜𝐥𝐞𝐚𝐫 𝐨𝐧 𝐲𝐨𝐮𝐫 𝐛𝐮𝐝𝐠𝐞𝐭 Knowing your exact limitations empowers you to make informed decisions during negotiation. 𝐆𝐞𝐭 𝐦𝐮𝐥𝐭𝐢𝐩𝐥𝐞 𝐪𝐮𝐨𝐭𝐞𝐬 Compare pricing and services offered by different production companies. This gives you leverage and a benchmark for negotiation. 𝐁𝐫𝐞𝐚𝐤𝐝𝐨𝐰𝐧 𝐨𝐟 𝐜𝐨𝐬𝐭𝐬 Request a detailed breakdown of the production company's quote. This transparency allows you to identify areas for potential savings. 𝐏𝐡𝐚𝐬𝐞𝐝 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 Propose a payment schedule tied to project milestones. This way, you pay as progress is delivered, reducing upfront costs. 𝐃𝐞𝐥𝐢𝐯𝐞𝐫𝐲 𝐢𝐧𝐜𝐞𝐧𝐭𝐢𝐯𝐞𝐬 Offer a bonus for early or on-time delivery. This incentivises the production company to be efficient. 𝐕𝐨𝐥𝐮𝐦𝐞 𝐝𝐢𝐬𝐜𝐨𝐮𝐧𝐭𝐬 If you plan on creating multiple videos, negotiate a bulk discount with the production company. . . . Do you want more tips on increasing your chances of securing favourable payment terms and maximising your video production budget? Hit me up! #tips #budgetmanagement #videoproduction #educationalvideos

You need help! Did you know you can have a FULL-TIME assistant in your business for a fraction of what you think you're going to pay? VA's changed my video editing company. Now we are helping others change theirs! We have a webinar starting in 15 minutes...so, you're probably not going to make it. But, I can get you the replay. Want to expand your business this year? Ask me for this replay!

Outstanding invoices. A story I hear way too often. Pink Panda Productions is not just about making content to make your business look “pretty” 👀 It’s strategy meets content, that’ll help you problem solve pretty much everything in your business operations. #BusinessStrategy  #BusinessDevelopment  #BusinessOwner

Production budget structure. If you're planning to shoot video content anytime soon, you'll need to understand how a production budget is structured. Let's break down one of our past projects. #video #budget #estimate #rates #cost #project

If you don’t have your business plan or need a break from family…come join James Campanella and me for a fun and productive Business Planning class next week! Details listed below. #rockfordil Coach Katey #sixminutebusinessplan

Hey writing friends! Join me for a 3-hour workshop this Friday morning that’s dedicated to business planning, goal-setting, and strategy formulation for 2024's mid-point. In my world, planning days are all about leveraging success and cultivating a sense of purpose, agency, and clarity. Summer often throws us off our regular routines. This workshop ensures you keep focused. After this workshop you will be able to: *Identify High-Value Work Activities: Think more bylines, less busy-ness during what many writers feel is a difficult time to plan work and projects. *Work On Your 2024 Goals with Actionable Steps: Just because you didn't start on your 2024 list of goals and projects back in January doesn't mean great things aren't going to happen in the second half of the year. There’s still A LOT of time to make things happen and we’ll work together to break down how it will happen. *Recharge Your Creativity: Let’s look at brainstorming story ideas, developing creative projects, and selling our artistic services without compromising our integrity and ideals. ... And so much more! You can grab tickets here: https://lnkd.in/gQPg-3YB

Manage your transcription expenses with ease! SpeakWrite offers customizable budget caps to ensure your organization stays within budget. From setting annual or monthly limits to receiving usage updates, we're here to optimize your spend. Discover how we can tailor our services to meet your financial needs. #BudgetManagement #SpeakWrite #MakeitSpeakWrite