For a the fourth and final project for our Multimedia Industry Prospectives module we were assigned the task of writing a draft business plan. Myself and Graham decided to work on the project together because we are both games students and felt we could think of a business that highlighted our strengths. We came together and discussed ideas we thought would be successful and also something that would interest us, we thought of a couple of ideas but finally came back around to our original idea of a games company.
Another reason for our choice was that we are both designing games for our FYP project and thought it would fit well with the purpose of the business plan because we actually have something tangible to work with. We found it easy to communicate during the project because we live together, so communication wasn’t hindered by distance or technology. Before we started writing out the business plan we had to decide on a name for our games company. A lot of game company names are quirky and interesting so we threw around a few ideas before we agreed on Digital Tree Games – Time to branch out!
We followed a business plan layout and covered all the essential points that are required to get across your business i.e. executive summary, business/product, the market, competition, and risk and opportunity. We also covered all necessary expenditures and potential income by researching thoroughly the office space and technology devices that we would need to get the business started. In the business plan below you will also find a Financial Projection outlining the calculations of our potential income/expenditures.