Reviews for Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships

The average rating for Fiduciary Obligation, Agency, and Partnership Duties in Ongoing Business Relationships based on 2 reviews is 3.5 stars.

Review # 1 was written on 2014-02-20 00:00:00 Ferdinant Hora A business plan for an independent movie maker This is a very interesting book by an author whose business plan for the independent movie "Blair witch Project" was a huge success. This simply illustrates that the author knows the "tricks" of the trade, and she is good in communicating these ideas through this book. She starts with the basics, and provides step-by-step instructions as how easy (or difficult) it is to study, research, and then come up with a business plan for your project. The key steps are; information about your film company; the type of films you like to make; and the industry you want to be in, e.g., theatrical, cable TV, Pay-per-view, DVD industry, etc. The niche market you are going to target; for example, children's movie, environmental movie, action movie, religious movie, movie targeted to a particular culture such as Spanish movie, etc. Then you need to focus on the distribution of the movie to domestic and international markets. After the final analysis of the risk factors involved in your venture, you need to come up with a business plan to finance your project. Getting investors interested in your idea is a key step in making your dream come true. Selling your idea to a potential investor is essential for any type of business. In chapter 9, the author discusses this in a great detail stressing the importance of a business plan; a clear vision and avoiding mistakes is the key to secure an investor. The author interviews five successful film makers and fund raisers to relate their experiences when raising money from equity investors. I found this chapter very useful and interesting. In chapter 11, the author provides a financial plan for two films from a fictional company to illustrate as how you can write your own business plan. The concept she uses is simple; the actual financial data from several independent movies produced around the time you want to make movies, e.g., 2008 and 2009, are considered, and then using the actual financial numbers of these films you can develop a projected income statement and projected cash flow statement for your film. In this example the author uses the income statement and cash flow statement for 14 independent films with varied genres, developed by three different companies between 2005 and 2007. The financial statements are crucial to interest a potential investor: A good return on his investment is the key motivating factor. The figures the author uses for the fictional films are a little sketchy and the forecasted returns on investments are rather high. She needs to provide a little more detail as how she came up with these numbers, and the reader is expected to have some basic knowledge of preparing and reading financial statements. The author's business plan does not have a balance sheet; the investors would be interested to know the liabilities and potential liabilities that this business plan may incur. The lack of this info is sometimes a self-defeating factor of the plan. There are many books about writing business plans and they are available at online bookstores; they all use the same general strategy. I did not compare this book with them; however, I very much enjoyed reading this book.

Review # 2 was written on 2008-07-12 00:00:00 Chris Walters Gives the basics of what goes into a business plan, but doesn't cover all the types you'd want to know, such as documentaries, plan for your own company if you're BTL (editor, cinematographer). Mainly focuses on a plan for a production company.