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…

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…

Benchmarking artists vs. designer-makers (2008-9 data)

We’ve been comparing MyCake data for 2008-9 between artist users and designer-maker users. This makes for some really interesting comparisons between two types of object/product based practice. In both cases we are looking at sole traders (some have a ltd company others just registered as self employed). In both cases there are sets of figures Read the full article…

Pricing your Services (part 1)

The good news is that this starts out pretty simple as you are essentially selling time. If you are a freelancer or sole consultant easier still because you are selling your time!. Pricing your time: start out by answering two questions: 1.    How much would you like to earn in a year? 2.    How many Read the full article…

What is a Small, Medium or Large customer or project for you?

What would constitute a small, medium or large order of your products? For example if you are a product designer with 8-10 items in your range: –    what would make up a typical small first order from a new shop? Should there be a minimum order below which it is not really worth your while? Read the full article…

Cultural & Creative Self-Employment in Hard Times (New Deal of the Mind report)

Arts Council England contracted New Deal of the Mind to research the role of the self-employed in the Creative & Cultural Industries. There are all sorts of interesting nuggets in the full report, here are our favourite stats, ideas and food for thought: It is estimated that 41% of people working in the creative sectors Read the full article…