In this episode of Truly Independent, hosts Garrett Batty and Darren Smith discuss the eight critical components of a business plan for independent filmmakers. They dive deep into each element, including the executive summary, film overview, target audience, production plan, financial plan, marketing strategy, risk assessment, and a call to action. Drawing from their substantial experience, they offer practical advice on pitching to investors, creating a detailed financial plan, and the importance of marketing and distribution strategies. Additionally, they touch upon strategic film release timing, referencing the recent low box office due to the Super Bowl weekend. The episode concludes with encouragement for listeners to share the podcast and benefit from the extensive indie film knowledge shared by the hosts.

00:00 Introduction to Business Plans

00:09 Meet the Hosts

00:34 Guest Lecture Experience

01:36 Faith of Angels Release Day

03:40 Importance of a Business Plan

06:06 Elements of a Business Plan

13:22 Film Overview and Market Analysis

22:32 Production Plan

28:06 Building an Accurate Film Plan

28:20 Funding Strategies for Independent Films

29:30 The Importance of Line Item Budgets

31:37 Resourcefulness in Filmmaking

34:29 Investor Returns and Revenue Models

35:16 Marketing and Distribution Plans

41:29 Risk Assessment and Mitigation

43:33 Call to Action and Next Steps

49:40 Box Office Insights and Strategies

54:21 Final Thoughts and Podcast Promotion