For the last several months, I have been working on a business plan to start my own company, Zaga Entertainment Group. Zaga Entertainment Group will house four current projects, including a music production studio and an independent record label. Up until now, I was under the impression everything was going well, then it happened, BUSINESS FINANCE. Having taken finance in undergrad, I thought this was going to be a no brainer, some simple formulas, and a little investing… NO BIG DEAL, RIGHT? If you only knew, how wrong I was!
I must admit, I have learned a lot of valuable information; some new, some old and unfortunately a lot I have forgotten. Figuring out numbers for the start-up cost of my business wasn’t to bad, when you can research competitive companies online. This information has been used as a guideline for Zaga Entertainment Group. These guidelines have prevented me from making the same mistakes similar companies have made. Even though business finance wasn’t what I thought it would be, it has proven to be very resourceful. As you see, I’m making it out of class alive everyday with more knowledge then I came in with. I’m beginning realize how much work it takes to open a business and the knowledge need for the company to be successful.
In conclusion, I’ve learned that during economic downfalls it is hard to find funding from other sources. I have been creating a list of how to invest my money in order to successfully operate my business with out having to use the bank lenders or investors. I want to finance my company myself giving me 100% ownership over my corporation only bring in others for opportunities of advancing my company. I have not figured out if I want it to be public or private but I am sure when I get there you will be the first to know.
