This book provides a comprehensive guide for entrepreneurs interested in launching a gaming company. The growing gaming market segmentation and the rise in esports have led to a significant growth in the gaming industry. A gaming company can offer a variety of gaming-related operations, such as creating and publishing video games, running an esports center or arcade, hosting competitions and events, offering services for game broadcasting and content development, or managing a store selling gaming gear and accessories.
To launch a gaming company, it requires meticulous planning, comprehensive market research, and execution. The seven crucial steps include defining the gaming business concept, creating a business plan, securing financing, setting up gaming infrastructure, developing and marketing products or services, building and engaging the gaming community, and continually innovating and evolving.
To define your gaming business concept, conduct thorough market research, identify your target market, and develop a detailed business plan. This plan should include an executive summary, market analysis, product or service offering, sales and marketing plan, and financial forecasting.
To secure funding, determine the amount needed for the business, which could involve creating new games, buying gear, promoting, creating websites, and paying for running costs. Financing options include personal savings, loans, grants, crowdfunding, or seeking investors.
Constructing your gaming setup depends on your chosen gaming business model, which may include making your company a formal entity, setting up your gaming infrastructure, developing and marketing products or services, building and engaging your gaming community, and continually innovating and evolving.