Back in december we told you about the chance to pitch your products to Liberty Best of British. The BBC recorded the pitches, the ideas and the pitfalls during the commercial process of choosing the BEST OF BRITISH. Episode 1 covers Liberty BEST OF BRITISH. Watch it on iPlayer here.
From fashion to furniture, hats to handbags, craft to cushions, Liberty is encouraging anyone with a creative passion to bring in their designs for the panel to judge.
It’s natural to want to recover costs already sunk into developing a project or idea, but if you’re having to make the decision to continue and invest further funds ~ should you free your decision making from the burden of money and time already spent?
If you’re looking for funding from investors, you need to take a step back and look at your business from their point of view. In the creative industry we are familiar with grants, but investment is a whole new animal. Here are some things to think about
Having identified investment as a route and knowing that you’ll be focusing on the parts of your business that bring growth according to your investors, what do you need to be aware of when considering what goes in the contract with the investor?
If you’ve been following our posts about research and development, you may well be thinking about how best to get R&D working in your business. But before you rush to set up a rigorous structures, you should think carefully about how much discipline and order is required
here are some words to digest with your fourth MyCake Benchmark Bulletin
We were so surprised by the low figure for spend on research and development (R&D) and intellectual property (IP) (1.1% and 0.3% of turnover respectively) in the recent MyCake Benchmark Bulletin (no4), that we had a chat with ACID (Anti-Copying in Design) to find out whether MyCake users spend on these areas was lower than ACID members. As Read the full article…
Research and development (R&D) matters for many reasons but in particular it should be the work that feeds you intellectually. In deciding where the balance lies between bread and butter income and time spent on R&D there are a couple of related things to consider that are beyond your control yet influence success…
In your business do you have a culture of experimentation where failure is viewed as data, not a waste of time and resources? Experimenting on customers rather than relying on intuition may be the steeper path but gets better results in the end.