Success Guide to Lettings

It’s not always easy for community businesses to get their hands on the kind of detailed financial data that helps build a business case, and get an important local service up and running. Unlike businesses in the private sector, local groups often only have minimal access to information, advice and inaccurate financial data on income generation to support their planning and goal setting. Read the full article…

Why benchmarking is good for you

It’s all very well knowing that turnover is vanity and profit is sanity (and of course, that Cash is King), but how do you evaluate whether the profit that you are successfully making – assuming that you are breaking even and making that holy grail of profit on a monthly basis – is as much Read the full article…

Are you sweating your assets?

Asset Management Guide Culture Hive

One of the truisms about comedy around, well, almost anything really is that it must be based in fact.  Buzzwords, and phrases that use them – like sweating your assets – really do come from a place of business sense;  and not just the sensible play of buzzword-bingo in the hour-too-long management meeting after lunch on Read the full article…

GDPR Week at MyCake

At MyCake we take data seriously. In fact it’s our core business, and so the General Dataprotection Regulations (#gdpr) which come into force on 25th May are something we’re really interested in. And thought you might be too. There’s lots of information out there, but because it’s about data, it’s going to be a bit, Read the full article…

Be nice to your space!

Community Guide to Room Hire;  Power to Change / MyCake

Have you got space in your community centre?   Do you use it all?  Or is there a room at the back, maybe a little damp (’cause you don’t keep the heater on) that’s sitting there, lonely, with no one to play in it? Just a little sad round the edges, and slighly neglected with perhaps Read the full article…

Where are you with managing your money? Our survey says…

Back in the autumn we circulated a small survey to a number of community businesses to find out how they managed their money – in some cases, literally.   Our results are quite interesting from the small data cohort we used: Managing and keeping track of money is one of those things that we all MEAN Read the full article…

Creative Money: 10 recommendations for cultural organisation on how to organise their finances

balance-creative-finances

Sarah Thelwall talks about the nitty-gritty of running a business in the cultural industry and about how to fine-tune the financial side of cultural organisation’s work. 1. Strike a balance between your creative drive and basic financial knowledge People who come to the creative industry or cultural sector seek to tell consumers about their products, Read the full article…