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…
Ok so there are five weeks to go before the Christmas holidays. Still plenty of time to boost business and increase your income before Christmas. You just need to get your priorities in order. (Maybe you’ll want to reorder these to suit your business and the time/budget you have available but this is what we Read the full article…
One of the questions that MyCake is asked on a regular basis is how are creative entrepreneurs weathering the recession? So we dedicated the recent Benchmark Bulletin 5 to answering that question, making comparisons between the 2008-9 (referred to as 2009) and the 2009-10 (2010 from here on) to see if we could spot trends in how creative businesses Read the full article…
Continuing the series about helping you conduct an annual review of your finances, here is the fourth installment
In the first of two extracts from MyCake bulletin 5 we look at income and the price of time because these have the most direct and obvious connection to the actual (and potential) income of your business.
Accessing money through external funding is a competitive process therefore you need to be really clear about what you actually need the funding for and research before you write your application
As arts funding becomes yet more precarious so the focus shifts on to other routes to earning income. For those new to the topic here is a short reading list
MyCake developments ~ adding income stream comparison and analysis to the benchmark dashboard
One of the criticisms levelled against the Creative Industries is that productivity levels are too low. In response, companies need to become expert not only in creating intellectual property but also in developing multiple income streams using the same property.
If you develop ideas for multiple income streams and build them into your mid to long term forecasts then you’ll be starting to get into interesting territory from a VC’s point of view.