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…

Creative Lenses Forum will explore innovative business models in the arts

Creative Lenses Forum Innovative business models in the arts 13/10/16 University of the Arts London

Times of austerity can foster great art, but have the past few years led to innovation in the business models that support it? A forthcoming event at Chelsea College of Arts, University of the Arts London will look at exactly that question by exploring business model innovation of independent arts venues and performing arts organisations. Read the full article…

Benchmark Bulletin 6: indirect costs that add THE LEAST value during a recession

Well now there’s a subjective question if ever we asked one! So, at the risk of folks pouring scorn on a simplistic view of the world (and lack of appreciation for their beautiful studio/utility bill/accountant) we’d like to propose that the following areas are least likely to add huge value to your business and therefore Read the full article…

Benchmark Bulletin 6: indirect costs that help you earn your way out of recession

Continuing MyCake’s research into how creative entrepreneurs are weathering the recession, we now turn our attention to indirect costs in MyCake Benchmark Bulletin 6 (having covered income and direct costs in Bulletin 5). Using comparisons between the 2008-9 (referred to as 2009) and the 2009-10 (2010 from here on) we look for trends in how creative businesses are reacting to Read the full article…

Sorry to hear about the dis-investment by ACE, how can we help?

Ok, so it’s easy to congratulate the winners from the ACE NPO review but the next question is how do we help those who are on the blunt end of the dis-investment? Well, the Culture Benchmark can certainly help you explore the business models of organisations in your sector, region and of a similar size Read the full article…

The value of benchmarking when the past is not an indicator of the future

We’ve been talking to various people who are considering using the Culture Benchmark because they are going through significant infrastructural change. The challenge for an organisation who is refurbishing their building or moving into new and different facilities. The challenge here is that if you’ve been running a 350 seater theatre and you will soon Read the full article…

the Benchmarking bandwagon is gathering speed

With the launch of the artsmap & private investment in the arts benchmark by Arts & Business today follows on from Creative & Cultural Skills launch of their Data Generator back in Q4 2010 we see that the bandwagon for benchmarking is slowly grinding into gear. This is really good news, the more the merrier! Read the full article…

Welcome to our flashy new results interface. Part 3 – the hard facts of the spreadsheet

Whilst many MyCake users prefer looking at visuals to reading spreadsheets often business advisors, accountants and other sources of expert advice find it quicker and easier to read a spreadsheet. So we’re catering to both sets of needs! check out our much improved benchmark interface within MyCake