The funding & finance needs of artists

Artquest have recently published a report carried out by Claire Antrobus on the funding & finance needs of artists. There a number of noteworthy stats for example amongst the approximately 400 responses from artists: 66% make less than £15,000 per annum 68% spend less than £5,000 on their work per annum 48% make their primary Read the full article…

Where do I spend it all?

As you’ll see when you look at the MyCake benchmarking data for your own business we show the results as a comparison to the turnover. We’ll do the same here. What ratios does it make sense to look at? • Turnover : Rent/Rates – For those users who pay rent, the percentage of turnover spent Read the full article…

When a daily rate is not quite what it seems

I came across a case this week where an SME was being asked to provide a proposal to a large non-profit organisation to deliver a two day workshop. The SME was prepared to accept a lower daily rate than their standard to win a first job with a high-profile client however as the negotiations progressed Read the full article…

Welcome to the MyCake Blog

Hi and welcome to the MyCake blog where we prod, provoke and support creative entrepreneurs (both MyCake users and a wider community) into becoming better at managing their business finances. The MyCake blog will provide hints and tips on ways to improve your financial management and pointers on how to make the most of the Read the full article…