Some ways to balance business acumen with creativity
Getting a business off the ground can be a real challenge for even the most zealous start-ups. But companies like The Embassy Visual Effects are proving that the right mix of business acumen and creative thinking Plugin Template Elementor can help you secure your foothold in the market.
“You can be artistic but you can’t lose sight of the fact that you’re running a company that will have to show profits. I think we’ve found a good balance there,” says Winston Helgason, President of the company, which made its mark by producing ground-breaking digital effects for big-name advertisers.
1. Capitalize on your experience
Vancouver-based The Embassy Visual Effects was the brainchild of four digital artists who had already gained invaluable industry experience in other companies. Helgason attributes much of his company’s success to having a core of highly experienced people on board.
“Right away, we were able to offer the industry’s top conceptual designers. These are people who helped shape some of Hollywood’s best known films such as Jurassic Park. When you’re starting a business, it makes sense to ensure your talent builds client confidence,” he says.
2. A business plan is paramount
Since its inception in 2002, Helgason’s studio has grown from four employees to a team of 14 and now exports 85% of its business to the lucrative digital effects market in the U.S. And like most successful companies, his studio started with a strong business plan. “I had some project management experience and had worked with larger firms, so I knew my business plan was a good entry into many doors,” he says.
Looking back, Helgason recommends that novice entrepreneurs ensure that they conform to the norms of financial institutions and provide all of the information required. “All companies have to undergo due diligence and that can be demanding, so it’s important to have experts to help you put your plan together.”
3. Market yourself intensely
“We also made sure from the get-go that we were able to showcase our portfolio in a dynamic way. You have to be hip and trendy in our business, so we used the Internet to show off our creations to potential clients,” says Helgason.
His firm now boasts big brand clients and builds on these success stories to attract business. “Once people see the quality and creativity in our ad spots, they’re more than ready to try us out,” he says.