Showing posts with label Entertainment. Show all posts
Showing posts with label Entertainment. Show all posts

Monday, January 27, 2014

Building A Plan To Success

In my previous post, I did a review on two business plan experts and shared some of the highlights from each expert on how to create a successful business plan. As I come to the end of my current class, business plan development, I am amazed at how much I didn’t know and how much I’ve learned in the past four weeks. In preparing to launch a new business, I have been able to incorporate some key factors to better develop my business plan.

The first key factor incorporated into my business plan was a conscious, clear, and detailed company description. After reading the ‘Successful Business Plan’ section on the company description, I realized the importance of having a detail understanding of your business, and know how to convey the description to potential investors and customers. To quote Rhonda Abrams, ‘the reason most businesses fail is that they don’t understand the business they are in’. One of the key components Rhonda points out, is even if your business is a start-up company, and you don’t know all the details, state what you intend to do and where you intend to go. The best way for you and others to know where your business is going is to have a mission statement.

The second key factor incorporated into my business plan was a detailed operations breakdown. Business plan expert, Tim Berry, teaches the importance of knowing how to insert projections in the business plan, even if the projections could be wrong. The most recent update to my business plan was to detail the operations for my business. Although my business is not yet up and running, I used projections based on research to get a gage on how much the cost to operate would be. An old biblical proverb, states ‘what man builds a house, without counting the cost’. I’ve learned not counting the cost of what it takes to operate your business could be unwise and prove detrimental to the success of your business. Understanding what it takes to operate and how much it will cost to do so will save time and future headache.

As I come to the end of my program and look to the immediate future, I am confident I will be able to go out and see my dream of entrepreneurship come to pass, as I carry with me the blueprint for success.

Resources:

Abrams, R. Successful Business Plan: Secrets & Strategies, 5th edition. 2010. Chapter 5.




Thanks for reading,


LaKesha, xo

Friday, January 10, 2014

Business Plan Experts Review

          For any person wanting to start his or her own business, the first place any entrepreneur will tell you to start is with a business plan. Yes, there is much controversy on whether a business plan is truly needed to start a business, but the consensus surrounding this matter is a successful business is built on a plan. The following is a review of two entrepreneurial experts revered in the industry for their knowledge on writing a successful business plan.

            Rhonda Abrams is a renowned best-selling author, syndicated columnist, popular public speaker, who has over 15years experience in advising, mentoring, and consulting small business owners and entrepreneurs. Rhonda Abrams has written three books, with her first book ‘The Successful Business Plan: Secrets & Strategies’ recognized and acclaimed by Forbes magazine as one of two best books for small businesses. As well, Abrams is a well-known columnist reaching over 20 million readers in 130 newspapers through her weekly newspaper “Small Business Strategies” (RhondaOnline, 2009).

The key concepts Rhonda focuses on for finding an “angel investor” are:

  • Developing a winning pitch
  • Create a key presentation
  • Develop the best valuation of your company
  • Understanding negotiation techniques
  • How to locate the “right” angel investor

            Rhonda helps small business and entrepreneurs develop and execute the right business plan to fit their company needs, and find investors by following the above concepts (ThePlanningShop.com, 2013).

            Tim Berry is founder and chairman of Palo Alto Software, and co-founder of Borland International, an entrepreneur, and a published author. Tim Berry has solidified himself, as an expert in the business planning industry, having developed relationships with companies such as Williamette Angel Conference and Apple Computer (Timberry.com, 2013). Berry has been a frequent judge for several business plan competitions, worked as a teacher at University of Oregon for over 10years, and presented seminars on business planning in 13 countries (entrepreneur.com, 2014).

            Tim Berry’s main focus of the business plan is forecasting and projections. Although, Berry believes its important to realize projections will be wrong, as in business planning its not about guessing right, but having dots connected to make reasonable assumptions (blog.timberry.com, 2013).

            In starting a business, it all can be a guessing game, as no one knows for sure whether their business will or will not be succeed. However, taking the time to put together a comprehensive business plan can help take some of the guessing out of the equation, and be the blueprint to building a successful business.



Resources


Thanks for reading,


LaKesha, xo

Saturday, September 28, 2013

Protect Your Legacy


In today’s blog I wanted to discuss the topic of entertainment law. In starting a business it is important to have a basic understanding of the laws associated within your industry to avoid liability issues in the future. During my research, to grasp a better understanding of the laws surrounding the cultural arts industry, I learned how important it is to have a clear understanding of how to protect your business and yourself from future suits. In my research I also came across a few podcasts from industry experts, within the entertainment field, who shared insight and tips on how to avoid issues such as copyright infringement, trademark and liability issues. Although, most business owners may deem it useless to research these topics and may prefer to hire an attorney to handle such matters on their behalf, and they would be correct. It is also important to have a basic understanding of what and how the laws of your industry will impact your business. It could be the saving factor of your future legacy.

When it comes to protecting your brand it is key to have a clear idea of what your brand is, and the brand message you are portraying if you plan to trademark any component of your business. In the podcast ‘When a foot is only 11 inches, and a Batmobile is a character’ by Gordon P. Firemark, he discusses the importance of not having a deceptive description for your business product or service, when looking to trademark. An example he uses is the process Subway has been going through in trying to trademark the ‘footlong sub’ tagline. Subway has not been able to trademark due to other competitors citing the use of description for Subway subs is deceptive according to trademark law, and can be misleading. In order for the company to receive trademark, Subway will need to provide a clearer, distinctive, description of their product in which the company wants to trademark. According to trademark law, in order to serve as a trademark, a mark must be distinctive (Harvard, 2013). The issue with Subway was other competitors argued any sub is a footlong, and any company selling a sub is selling a footlong sub, therefore the tagline ‘footlong sub’ would be confusing as a trademark. The key when it comes to qualifying for trademark is to make sure you have a clear, and distinctive, mark.

The next big issue in entertainment law is copyright infringement. Unfortunately, many companies create material, or works, that become infringed upon by others. By having an understanding of how to copyright your work, you can protect yourself and your work from being misused. However, on the other side it is just as important to know the correct process in order to use copyrighted material. As a performing arts company, our goal is to produce recitals, shows, and events throughout the year. The majority of the work we produce may be previously produced, or copyrighted material, but we will also work to create original work. So, how do you know that when creating new work it is truly original, and not just a re-created version of something else? The Nutcracker has been reproduced by numerous dance schools and most recently has been re-created into “new work” such as the Hot Chocolate Nutcracker produced by Debbie Allen. Is it an infringement of copyright for Ms. Allen to have a play that resembles the original Nutcracker? In another podcasts by Firemark titled ‘No Copyright, Sherlock’, Firemark discusses several cases of copyright infringement of work used that is similar to previous copyrighted work. However, in most of those cases the court ruled no copyright infringement, as the works in question are not similar in scope and content of the original work, due to tiny changes in the material. So, I gather long as Ms. Allen’s play has differing factors that do not confuse the public with the original Nutcracker; there is no copyright issue.

The final topic of entertainment law reviewed in my research is intellectual property. Intellectual property refers to creations of the mind; inventions, literary and artistic work, and symbols, names, images, and designs used in commerce (WIPO, 2013). Intellectual property consists of patents, trademarks, and copyright work that require protecting. In the course of building a business, it is important to identify ‘what’ is your business’ intellectual property that will require protecting. In the podcasts ‘IP Law Concentration’ by Suffolk University Law School, professor Andrew Beckerman-Rodau discusses in detail and length intellectual property, and how to identify intellectual property within your business. The podcast gives good insight as to how each law related to intellectual property will affect your business.

The greatest takeaway during the research on entertainment law and intellectual property is the importance of having a basic, and comprehensive, understanding of the laws that affect your industry. Operating a business is not easy, and building a successful business takes work. Why not know how to protect your work, so that your efforts and legacy don’t die with you, or before you do. These are just my thoughts and hopefully it helps someone else.

Thanks for reading,

LaKesha, xo

Reference



Entertainment Law Update. Podcast by Gordon Firemark; Episode 38

No Copyright, Sherlock. Podcast by Gordon Firemark; Episode 43

IP Law Concentration. Podcast by Suffolk University Law School

Monday, September 9, 2013

Legal Issues in Performing Arts Reviewed



In my recent class this month, we are studying advanced entertainment law. Yes, advanced entertainment law! As daunting as it sounds to you, it sounded even more daunting to me, considering I had not even taken a law class before, nor have any clue about law. However, one week in and I am glad to be in this class so far.

As a business owner, especially in the entertainment industry, it is important to have a clear understanding of the basic law practices and knowledge regarding legal and copyright matters as it pertains to one’s business. Currently, we are researching top legal cases surrounding our specific industry to gain insight on some of the legal practices taking place. My specific industry within entertainment is performing arts culture.

Considering my specific industry, there are not many “recent” legal cases or legal issues, and/or lawsuits. In spite of the lack thereof, I was determined to find valuable documents of reported legal cases in order to gain insight into possible legal situations that could potentially arise in the arts and culture industry. In my search I came across a few articles I found interesting and worth taking note; and sharing with you.

In performing arts dancers can secure various types of jobs, with various companies. As a child, I use to want to dance for cruise ships, as the thought of being able to travel to different parts of the world and dance seemed magical to me. However, that dream did not come true. Yet, there are many dancers who have been fortunate enough to work for cruise lines, or have they? Performing for a cruise line does seem like the perfect job until one becomes injured. In a recent article I came across titled ‘No Jury Trial for Seriously Injured Dancer Aboard HAL’s Oosterdam’ I was a bit shocked at the legal issues in the case. Apparently, a dancer aboard the cruise line was injured by equipment on the ship, so severely, that he can no longer dance. Thus, ending his career. Despite the laws, such as the General Maritime Law of the U.S. and the Jones Act, stipulating injured crewmembers are allowed to bring their case before a jury; the dancer in this article was denied the right by the U.S. federal court to have his case against the cruise line and his employer brought before a jury trial, and instead sent to be reviewed in arbitration. According to the article, apparently it is cheaper and easier for a cruise line to settle any crewmember claims outside of a jury, therefore inserting terms in employee contracts that any claims must be through arbitration (Walker, 2013). This case is still being reviewed to date. However, I find it appalling that cruise line companies are using loop holes to cheapen their way out of responsibility to their employees. In the dance community, the loss of a limb is not only the loss of a career, but of a life that could have been.

In a similar case we see an ex-crewmember, with the Royal Caribbean cruise line, finding favor in arbitration, as the plaintiff is awarded the highest arbitration settlement of $1,250,000. For more info on this case visit Royal Caribbean Settlement . 

On the theatre side of the industry I came across a blog on Belhaven Theatre discussing recent legal issues over playwrights. The blog shares the conflicts and legal issues that arise when a writer and producer have discrepancies over the production of a play. A recent case highlighted in the blog details how playwright Bruce Norris refused to allow his Pulitzer prized play Clybourne Park go to production in Germany, as the producer intended to have non-black actors perform the African-American characters. This is not unusual of cases being brought to the courts over playwrights, due to producers altering or making changes to a production without the writers input, or consent.

After, reading through these articles and more I am beginning to see the necessity to under the various laws, as best possible, associated with my industry. It is only wise to do so in order to protect my business, my students, and myself. As well, be able to understand the legalities associated with using copyrighted material, especially when wanting to present a previous work.
Some may say leave the legal business to the lawyers, to which I agree, and some chose to think most deals, or contracts can be handled without legal guidance, but would you want to sign on a dotted line that could potentially be signing away your future?

Thanks for reading,

LaKesha, xo


Reference:
Frost, J. (2012). ‘Playwrights Intentions Defended’.  Belhaven Theatre. http://blogs.belhaven.edu/theatre/playwrights-intentions-defended/#.Ui6Mxhbw4_4
Walker, J. (2013).‘No Jury Trial for Seriously Injured Dancer Aboard HAL’s Oosterdam”. http://www.cruiselawnews.com/2013/01/articles/crew-member-rights-1/no-jury-trial-for-seriously-injured-dancer-aboard-hals-oosterdam/