Finding the right investor for a particular business plan or project is key for successfully starting any business, regardless of the industry. The theatrical and event industries have their share of production companies out there to get a project done. Starting a new company can be a mixed bag in today’s age. There is plenty of work to be had out there, but the industries are so small and incestuous that the big name companies already have the big name clients locked down. Luckily, these big time companies have investor CEOs and owners that are always looking for a new business venture to fund or acquire.
One these investors is Jeremiah "Jere" Harris, the Chairman and CEO of Production Resource Group (PRG). PRG is the world’s leading supplier of entertainment and event technology and grown into this position due to his leadership. Jeremiah has done this by investing in new technologies and partnering with other similar companies. Like any good investor, you should take all the opportunities that are presented to you to improve your business, just like PRG did by acquiring Nocturne Productions. With the addition of Nocturne, PRG will have a much larger footprint in the concert touring market, an area they were looking to expand. Mr. Harris also dabbles in other projects, like being a producer of the "Spider-Man" Musical, Turn Off the Dark that just opened a few weeks ago. The high profile musical has been in the news a lot recently for being over budget but with the help of Jeremiah and the other producers they finally seem to have the musical on a profitable track. Jeremiah invests in the newest technologies that are coming down the pipe in the theatrical and event industries and being on top of the newest technology keeps him on top of the industry.
Another one these investors is Jason Friedman, the Chairman and former CEO of Creative Realties (CRI). CRI is an experiential marketing design firm with a theatrical flare that Jason founded in 1997. It has a number of Fortune 500 Companies as clients. The company really began to blow up by investing digital signage early on. Digital signage is now everywhere and Jason made his money when the iron was hot. He is now the co-founder of TrackPro Advisors, an online community for hardcore racers. This site will help give the best information and advice to racers in the community. No more searching for information on any part of your car or where to go to find it. TrackPro brings all this information in one legit place. This company comes from the think tank ideas of his other company Wind Tunnel, Inc., where he is CEO of this entrepreneurial think tank and investment group. It is this smart investment thinking on business plans and being able to see around the curve that has kept Jason at the helm of many successful companies.
Both of these very successful investor entrepreneurs know what to look for in a business plan to able to turn it into a successful business. They are both on top of two highly successful multi-million dollar companies. These companies are not only profiting but expanding as well. The side projects that both Jeremiah and Jason invest in normally seem to grow as well. The future seems bright for both these investors and the projects they touch. They are looking for interesting innovative ideas, new and/or underdeveloped niches, and new business plans that leverage and compliment the knowledge, skills, expertise they already have. Looks like I have few people in mind to send my future business plans to as soon as I get them nice and polished.
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