Project 1

Mid-project Relfection

This project requires me to produce plans for something I have never before thought of acquiring; a business of my own. There are clear difficulties ahead of me, concepts I've never attempted to understand before and foresight into a market I'm not extensively familiar with. Gaining knowledge from a well written literature a book that is divided into 5 unique sections: Vision, Mission, Objectives, Strategies, and Action Plans in a format that will show a step-by-step on how to write a business plan. "Your definition of these terms has everything to do with where you went to school, where you have worked, and probably, the last book you read." (Horan, 2015). I chose the business concept to create a plan for based off an existing niche industry of Video Game Cinematics productions. While it is a smaller and constantly evolving industry, it leaves room for growth for ambitious upstarts if they have the production value to back them. Going forward I need to discover planning pitches and planning methods for a business.

Horan, J. (2015) The One Page Business Plan for the Creative Entrepreneur. Berkley , CA: The One Page Business Plan Company.

Business Pitch

CIM320 Project 1

Business Plan

Business Plan CIM320.rtf

Reflection

This project involving the creation of an entire functioning business from the ground up was a challenge to say the least. I'm never one to have much of a business savvy mindset. But I made an effort to push past my difficulties in even just the idea of running a business. Through the help of Majella's guidance, I have been able to create a business I would actually enjoy working for. There were aspects of the inner workings of a business I had never thought of before. Aspects I enjoyed dissecting into why they exist and what advantages they can prove to have. I viewed it as a idealistic company, my dream job would be a part of. The SWOT analysis I found especially difficult to distinguish for a company that doesn't exist. But it was interesting to see the possibilities Laughing Goblin Studios could potentially have. I still would never like to run a business, but at the very least I now have the knowledge to see whether a studio or company are worth my long standing loyalty and time.

Bibliography

Hayes, A. (2022) Business plan: What It Is, What's Included, and How To Write One, Investopedia. Investopedia. Available at https://www.investopedia.com/terms/b/business-plan.asp (Accessed 12 October 2022)

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