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. 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 creative economy, how the idea goes here, how to write the business plan, as well as discover inspiring projects. Check out!
What is 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.
The examples includes 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 creative economy?
Furthermore, creative economy is when 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 include;
- 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?
Size of the creative economy in Nigeria:
As a matter of fact, due to the 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.
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.
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We present you this rare opportunity through the ongoing program for CBN NIRSAL BOI AGSMEIS loan schemes. With this, you can start a new business or resuscitate your ailing business. As a matter of fact, in this program we train you to qualify for this loan. In addition, we get you admitted on the application portal. Then, we prepare your business plan and complete the process for you. Currently, through this program we have helped over 200 young entrepreneurs establish and resuscitate their ailing businesses. You may be the next business.
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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.