Why Does an Actor Need a Business Plan?

I moved to New York to pursue my passion - acting. Igoing to conduct business, what your product is, and
knew I wanted to be in a Broadway Show, be on ahow you're going to market it. The plan is meant to
soap, and in a movie too. When I got here I wasgrow and change to suit your needs.
overwhelmed, uncertain where to begin! I had someThe plan can be simple, but should contain the
goals in my head, I knew certain steps, but I didn'tfollowing:
create clear business plan. As a result, I left a lot of myYour Vision Statement - What is your particular vision
aspirations to chance. Now, I know I wasn't alone.... Aslife and your career? I'll give you a hint...you have to be
an actor it's not enough to say I want to be onpassionate about it.
Broadway, on TV, and in a movie. You need to mapYour Brand - What specifically is it that you sell? What
out and plan your career. Otherwise, you leave youris your Brand? Why do people hire you?
career to the whims of the day to day. At some pointMarketing - What are your personal strategies to
you have to empower yourself and create a strategy.meeting Directors, Casting Directors, etc? Are you
You'll realize (or come to terms with the fact if youtaking class with them? Do you audition for them? Do
haven't already) that you're running a small businessyou have a mailings plan? Are you fully taking
and you are the person in charge! You create youradvantage of Social Networking Sites like Facebook?
path; Not your agent, Not a casting director. You areAre you creating your own showcase material and
responsible for your success as an actor!putting it on YouTube?
When you made the move to New York, I bet theSupport System - Who are the people in your life who
notion of you being an entrepreneur and starting awill help you accomplish your vision?
new business never crossed your mind. Most actingFinancials - How much income do you need to live?
programs don't have time in their curriculum to teachWhat percentage of your income are you setting
business skills. In order to run our business efficiently,aside to fund your acting expenses, living expenses,
however, we must learn the principles of business.and savings for the future?
These skills must be practiced and nurtured much likeOrganizational Systems - Do you have systems in
your craft as an actor. As a matter of fact, let'splace to support your business. The biggest being a
consider this a new craft to add to your arsenal.mobile office set up.
We must learn and practice this "new craft" in order toIt's important to realize that it's never too late to create
work on our passion - acting. After all, we needand practice your business plan. That's right. I said
money coming in to fund our classes, rent, travel, etc.practice your business plan. Small business ownership
Money in, Money out!is about practice - trial and error. You learn by doing,
One way to develop this craft, which for many ismuch like you did learned the craft of acting. Business
foreign territory, is to dive right in by writing down all ofskills are another craft that most actors must learn in
your goals and projects to begin formulating your planorder to succeed. Oh and how do we learn Craft?
- a business plan. A business plan is your guide toThrough repetition
what you want your career to look like, how you're- Thank you Mr. Meisner.