Here are Over 50 Business Plan Templates for Entertainment Industry Business in Nigeria – The entertainment industry is part of the creative industry. Therefore, in this post, both entertainment and creative industry are used interchangeably. So, you will understand more about this concept and how it’s impacting the current market. Check out some examples of innovative projects. Get Over 50 Business Plan Templates for Entertainment Industry Businesses in Nigeria here
As a matter of fact, in Nigeria, being creative is a fundamental business strategy for a business to be successful. In times of crisis, the Creative Industry has a decisive role for innovation to enter the scene with the processes and resources that are available. Within this context, the creative economy makes it possible to analyze the current business models.
Furthermore, the post-COVID-19 period corporate initiatives, start-ups and each of the disruptive ideas that appear on the market are a mirror of this. With this reading, you will get to know the concept of the creative economy, how the idea goes here, how to write the business plan, as well as discover inspiring projects. Check out!
What is the entertainment industry?
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As a matter of fact, these are those involved in providing entertainment: radio and television and films and theatre show biz, show business industry – the people or companies engaged in a particular kind of commercial enterprise. Get Over 50 Business Plan Templates for Entertainment Industry Businesses in Nigeria here
Examples include film, music, television, radio, and social media. However, not all media is entertainment, depending on its content. Spectator sports and related media. Attractions such as theme parks, amusement parks, water parks, and zoos. Cultural attractions such as art, history and science museums.
What is a creative economy?
Furthermore, a creative economy is when a business based on intellectual, cultural, and creativity capital generates economic value. The creative industry is responsible for an important stimulus to the production of income, creation of jobs, and generation of export earnings while promoting cultural diversity and human development.
Therefore, this idea encompasses the processes that create, produce and distribute products and services with the use of creativity, knowledge, and human resources. Furthermore, the Creative Economy encompasses the creative, productive, and distribution stages of goods and services that use creativity, culture, and intelligence as primary inputs.
Over 50 Business Plan Templates for Entertainment Industry Business in Nigeria
The creative industry includes;
- Museums, Libraries, and Galleries;
- Marketing, and Advertising;
- Product Design, Fashion Design, and Graphic Design;
- TV, Video, Photography, Film, and Radio;
- Software, and Computer Services;
Did you see that entertainment is part of the creative industry? Do you also know that we have a business plan template for each of the products or occupations listed above? Over 50 Business Plan Templates for Entertainment Industry Business in Nigeria
Size of the creative economy in Nigeria:
As a matter of fact, due to economic and social reorganization, companies of all sizes are investing more and more in innovation. There was a time when the creative economy was seen as a market segment, but that definitely changed. Nowadays, it is already essential for the development of any sector, due to its relevance. Over 50 Business Plan Templates for Entertainment Industry Business in Nigeria
In fact, the creative economy enables novelties in the production process, as it seeks new markets and promotes efficient practices, renewing corporate strategy intelligence. The proof of this is the growth of the Creative Industry in the economy, which was only moderated due to the recession of the last years.
Now, do you need help with planning? Get in touch with us and learn how we can help you break new horizons and maximize your sales in this sector of our economy.
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Founder/Managing Partner of Complete Full Marks Consultants Ltd. An Economist turned Chattered Accountant and Tax Practitioner with over 37 years of industrial experience.