A good understanding of production costs can help you make more informed decisions about your project. For instance, if you’re trying to meet a tight deadline, you may need to decide on whether you’ll want to invest in high-end equipment or hire more crew members.
When it comes to production, there’s a laundry list of expenses to consider – equipment, rentals, crew salaries, location fees, and more. But here’s the thing: if you don’t plan for these costs upfront, you could find yourself in a sticky situation. Running out of cash before your project is done is no joke, and it could force you to make compromises that could seriously impact the quality of your final product. So, do yourself a favor and make sure you budget accordingly. Your wallet (and your audience) will thank you for it.