Davis Wick Talent Management | Application Preview
Davis Wick Talent Management is seeking government grants to adapt its business model in light of the significant losses experienced due to COVID-19. The funding will be allocated toward developing an online streaming platform, upgrading software, enhancing advertising efforts, and establishing a new database.
Historically, the company specialized in providing promotional and staffing services for trade shows and conventions, which typically draw large crowds. However, with current restrictions on large gatherings, the traditional business model is no longer viable. The owner acknowledges that large events are unlikely to return soon, prompting the need for a strategic pivot towards online streaming and broadcasting services.
The grant application emphasizes the owner's resilience and readiness to innovate in response to industry challenges. Despite facing competition from larger agencies with more resources, the applicant highlights a unique competitive advantage. As a small, home-based talent agency, it operates with lower overhead costs and offers faster payment to talent, which helps attract performers who prefer immediate compensation after events. This approach sets the agency apart in a challenging market.
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General Information
Business Registration Number: 463241477
Location: MARGATE, FL, United States
Length of Operation: 9
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
I would use the money to change my business model and invest in online streaming, software, advertising and a new database. Prior to COVID the majority of my business was in the Trade Show/Convention Arena space. With there being no large gatherings especially 10k plus people my business took a huge loss and now I am trying to stay afloat and reinvent the wheel.
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Business Plan
My business specialized in the promo/events and staffing entertainment industry for Tradeshows and Conventions Centers. My business thrives on Large execution that takes place at Trade Shows on a national level. My business model is really niche and there is not much wiggle room to continue operating in my space during a Pandemic. I don't see the government allowing us to have 15-20k plus attendees come to a tradeshow anytime soon this year. The pandemic is not allowing me to operating my business in the same capacity so now I am having to change my business model and navigate online to streaming and broadcasting. I have always overcome any challenges and ready to reinvent myself and my business to stay with the current trends
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Self Identified Competition
My top 3 competitors have more staff, to create more leads, make more phone calls and have a larger footprint to reach a larger audience. What makes me differ is that I am a small moms and pops talent agency. I don't require a large staff to run my business, or don't have large overhead since I run my business out of my house. I am also able to pay my talent following an event instead of making them wait 30-90 days to receive payment, thus making talent my choice of agency to work for.
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Contact Applicant
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