Business Plan Mastery Skills

Welcome to the Mastery Blog Post for (BPD) EBMS at Full Sail University. This month was a sure fire drill in how to develop and implement a winning business plan. My original goal for this course was to polish my business plan skills and develop a presentation. The original plan was exploded with new information concerning how to develop a powerful well focused business plan. Along the way I discovered that the details of a great idea must be logically incorporated into every aspect of the business plan. The business plan is key to getting the idea across to investor who might have an interest in the success of good business idea.

This course surpassed my original expectations for the learning objective and added to my perspective and knowledge of business plan best practices. My insight into the needs of a well-developed business plan has been consolidated. I have written a business plan before in the past however, as of today my business planning skills are now upgraded. I have learned that ideas can be developed into a successful business which may supply a demand for the consumer. I am taking a good look at the current market opportunities and determining if there is a trend that can be used to launch a new business.

Today I am looking at strategic positioning and applying market research to determine if a product is needed in a certain commercial zone. This course has given me a better understanding of market research. I can now apply NAICS codes to find industry information. Over all I am looking at developing other business ideas that I had not considered before taking this course. Innovation in business makes more sense to me now. The material that has been presented in the (BPD) course at Full Sail University will be used for my personal and professional growth. I feel better qualified to develop a business plan any idea which includes financial projections. This course is highly recommended for all entrepreneurs. 

Digital Marketing Reflections

As another exciting month is coming to a close I have found a little time to reflect on my past experiences on the path to Entertainment Business Mastery. All of the useful information gained over the past year has built up to this point on the path where I have to use Digital Marketing to create an explosive business presents online. Each month has been filled with useful lessons and practical business exercises. July 2014 has provided Digital Marketing techniques which are the cutting edge practices in online business. For example; Google Analytic s is a powerful application used for tracking visitor activity on line in relation to search and click behavior. I have applied this application to my blog and an am pleased with the results. I have learned that Google Analytics is packed with demographic analysis tools that have helped my business blog to connect with visitors and new business prospects. Chris Brogan,” keep the post context clear, the intentions must be clear’.

In the DMK course I have learned how to use URL shorting techniques to allow my business URLs to be more web friendly. Analytics has become the business tool of the future. Full Sail University has provided key business tools in the DMK course and I highly recommend the EBMS program for online business development skills. SEO is extremely important for maintaining a web presents. The use of keywords and keyword phrases keeps my business website in front of the searchers view when requested.

Learning to think like a customer takes practice and research. The DMK course which is included in the EBMS program has provided useful information on how to create an online ad campaign using Google Ad Words as the foundation. The ability to blend Google’s business web tools together is the key for developing an effective online business presents today. I would not have taken advantage of these valuable business tools had I not enrolled in the EBMS program at Full Sail University. The DMK course has surpassed my expectations and I am satisfied with the presentation provided by the instructor.

MPD Mastery in Entertainment Business

It has been an exciting journey on the path to Entertainment Business Mastery. This is the ninth month on the path at Full Sail University. The challenge at this time is to master Entertainment Media Publishing and Distribution. The current focus has exposed both the traditional and digital forms of publishing and distribution of media products. Being an active media creator and publisher it has been discovered that the changes in technology has opened the doorway to an explosive self-publishing opportunity for my company. The MPD course has a full array current applicable information for my companies use.

The MPD course which is offered at Full Sail University is filled with cutting edge information for today’s media publisher. Any company which is involved with creative content can truly benefit from the lessons taught and prepared by industry professionals who instruct in the Entertainment Business Master’s program at Full Sail University. The MPD course is perfectly designed and is an intricate asset to the pervious course offerings.

An understanding of industry trends is necessary for the success of a creative media company. The MPD course can teach a business owner the proper way to analyze trends. The course also effectively instructs on how to properly draft an industry standard cover letter which is the key to opening the door for artist. The letter format can also be used to attract investors to a project. The skills taught in this course have helped to make the business plan development process comprehensive and rewarding.

There are many other aspects of the MPD course such as SWOT analysis and strategic thinking which are extremely useful tools. My company will benefit greatly from the lessons learned on the MPD path to Mastery in Entertainment Business. It is very important to note that the MPD course material has fully satisfied my learning expectations.

Advanced Entertainment Law Review

As another month of lessons has drawn to a close my evaluation will prove that this was an outstanding Advanced Entertainment Law presentation at Full Sail University. Mastery in entertainment business is a practice of focus which will insure success. The road has been long and filled with useful discussions and information.

The objectives for the course have been met with positive results. Advanced Entertainment Law has blended well with the previous Negotiation and deal making course. The two courses together have armed my business plan with the tools necessary for success.

This month I learned the value and reasoning behind the use of the U.S. Copyright Law. I have a better understanding of contract liability applied to the entertainment industry. It is clear that copyright infringement can be avoided if the proper license is granted by the copyright owner. I learned why it is important to register the company domain name when using an online presents. I acquired the proper searching technique for applying for registration with the USPTO. Gov. It is required to register the company logo to protect the business from infringement. When using a trade mark in the entertainment industry it must be registered for the protection of the company. All intellectual property owned by the company must be protected. The use of music samples in music productions requires proper permission.

The AEL course taught at Full Sail University explained in depth the proper procedures for keeping my business out of legal trouble. Being in the publishing business it is necessary to understand contract liability. When working with artist it is the responsibility of the business owner or manager to insure that the contract is clearly understood by the client. The language of the contract must be clearly defined to avoid misrepresentation. My company is in the business of entertainment, Advanced Entertainment Law is a solid foundation for my company.

Negotiation and Deal Making the Road to Mastery

The Keys to Negotiation:

If business is your plan, you must plan before you negotiate a deal. At this time on the path to mastery in Entertainment Business I have discovered the four golden keys to unlock a successful negotiation. These four keys are the guiding light on the path to mastery in negotiation. The first key is to unlock the method for proper preparation as presented by Roger Fisher and William Ury in their book “Getting to Yes”. This book suggest that it is necessary for the negotiator to separate the people from the problem, focus on interest, look for mutual gain and use objective criteria. The second key is described as knowing your best alternative to a negotiated agreement better known as (BATNA). You must know your BATNA and the other negotiator’s BANTA in order to stay one step ahead. I found it easier to maintain my focus during a negotiation with this information actively in my mental tool box.

The third key that I discovered is known as: the five core concerns, appreciation, affiliation, autonomy, status and role. When these concerns are kept in the mind, I found that it is easier to keep control over the negation process. Roger Fisher and Daniel Shapiro in the best-selling book,” beyond reason” described this process with great detail and mastery. The process of negotiating is a powerful mind conditioning exercise which requires preparation.

The fourth key known as Game Theory is a powerful tool which uses mathematics and computer modeling to obtain a prediction on how a person or group will react under certain conditions. The data which is used as variables in the model is compiled from the five core concerns of the negotiation process and mixed with the interest, options and objective criteria to formulate an accurate prediction. Applying Game Theory to the negotiation process will help me to become a winning principle negotiator.

I must conclude that the Negotiation and Deal Making course featured in the EBMS program at Full Sail University has proven its worth by providing an extremely useful tools for mastering the negotiation process. I recommend this program of study for anyone in business or anyone interested in becoming a successful negotiator. Success is guaranteed if mastery is obtained.

Product and Artist Management Mastery

As time moves forward I must express my progress on the path to Mastery using Entertainment Business terminology.

This month I have burned midnight oil to acquire the knowledge necessary to properly manage the artist with a focus on Legal, Financial and Interpersonal skills which must be developed in the artist personality. Next the importance of managing the product which cannot be separated from artist becomes the pivotal point in the process of management and the highlight of the months lesson.

I have learned that the artist must understand the Legal requirements which surround the brand and copyright ownership. The artist talent is not enough he or she must have a variety of experiences which are applied to the production of the product. The artist must understand the agreement between band members before getting involved with the Artist Management Agreement. The uniqueness of the presentation must distinguish the artist from the completion. The artist must be aware of the taxation and financial matters which will determine the future of the income earned over time.

I studied Steve Jobs and looked at product management from the position of APPLE. This great product manager left guidelines for developing a product to perfection. At this time I understand and can apply the knowledge behind the skills which Steve Jobs used to polish the APPLE BRAND. These skills involved Driving Business Results, Delivering Results through People, Ensuring Market_ Driven Direction and Guiding product “Fit” and Function just to name a few.

This month’s Mastery Principles are another valuable Marble stone placed on the path to success provided by Product and Artist Management at Full Sail University.


Another Intense Session

                       As another intense session is coming to a close it is time to share a reflection on Entertainment Business Finance.  This course is the basis of my new understanding of how to develop and use finance to keep my business out of the red. The Mastery of Entertainment Business Finance is a process which will take time to secure. However, this foundation is the best place to start on the road to success.

                     The Entertainment Business Finance course has exposed the reality that there are investors who are looking to take a gamble on a new idea that has a good plan. These investors surf the web for projects that have been launched through non- traditional means known as Crowd Funding. Crowd funding is a prime example of creating success by including the community on the web to participate as executive producers. Of course titles are not necessary just a promise to complete the project and provide a sample of the finished project in return.

                    What is a business without a balance sheet? How do you manage your personal finances without a balance sheet? The idea is that the balance sheet is necessary to keep track of finances. Before taking this course my knowledge of the balance sheet was limited to credit and debit learned in undergrad accounting training. I did not apply balance sheets to my personal finances. Entertainment Business Finance has shown me that the balance sheet methods must be applied to the business finances as well as the personal finances. By using a balance sheet the decision making process for what direction to take with finances is clear and laid out on a spread sheet with projections out to three years. A review of the cost of money was also included in the course which was very helpful in understanding interest rates.

                   There were many case studies, interviews and videos to help drive the point home that Entertainment Business Finance is the foundation of business success. A great brand must have a strong financial plan in order to reach the target market and turn mega profits. This is another step down the yellow brick road to Mastery in Entertainment Business.

The Mastery of Business Storytelling and Brand Development

This post is a review of my accomplishments in Business Storytelling and Brand Development. The course presented tools and topics which have been added to my growing arsenal of Entertainment Business skills. I discovered the correct path way to creating a strong presence for my company. It is now possible for me to re-evaluate my business position in the entertainment consumer market. Thus, I will create a positive business presents.

Storytelling is an activity that I enjoy. However, it did not come together as a business tool until I learned the principles of Business Storytelling outlined in this course. I am now armed with a skill that will allow my Brand to be properly presented with a compelling story line. I used marketing research techniques to explore successful brands. My discoveries included uncovering the art of branding through reviewing the history of certain business leaders. The application of business storytelling presented in this course will prove to be a value to my brand development.

It is clear that the customer must experience the brand in order to place a value on the product offered. The brand identity is part of the customer’s unique experience.  My business leadership skills have been enhanced by business storytelling and brand development. My identity is the story behind the brand and my brand is what the consumer will experience and evaluate.

I now understand treads in the market place applied to brand marketing. Keeping updated with current trends in entertainment will allow my company to adopt when change is necessary. The market is competitive in entertainment but, when armed with the skills of brand development, repositioning in the market place will be easier to handle.

Finally, my learning experience with Business Storytelling and Brand Development has created a feeling of confidence in my skills. The information acquired is in line with my educational goals. My journey on the path must continue. I am looking forward to greater business adventures while on the path to success.