Determining the viability

of your creative

enterprise

Professionalizing the Creative Sector

What is my art?

Regardless of which art form your

represent, you may be: Undercapitalized

Unknown outside your immediate circle of influence

Only experiencing active income

Experiencing false glimmers of hope

Asked to deal with business forms and formats you have no interests in

Benefiting the least from the protection you have

Undercapitalized

Where can you find money/time?

◦ Family and Friends

◦ Commercial banks

◦ Investors

◦ Funding agencies e.g. Fund Access, EGFL ,

BYBT, CFSC

◦ Grant funding – BIDC, Invest Barbados, NCF

(Technical Assistance Programs)

Unknown outside your immediate circle of

influence

Learn to network

You can connect to others via those

whom you already know

Anyone you need to meet is just a few

introductions away

◦ www.plaxo.com

◦ www.linkedin.com

◦ www.facebook.com

Only experiencing active income?

Within a short while you will learn about

intellectual property

Benefits of having IP protection

Benefits of developing systems

Asked to deal with business forms and formats

you have no interests in

Identify key people who are excellent at

the areas you would rather not handle

They should be making / saving you

money through their efforts

Ask for testimonials

Have confidentiality agreements

Can I make Money in art?

Can you handle the criticism?

Reasons small

businesses fail

Overexpansion

Poor capital structure

Overspending

Lack of reserve funds

Bad business location

Poor execution and internal

controls

Inadequate business plan

Failure to change with

times

Ineffective marketing and self promotion

Underestimating the competition

Some considerations

CAIPO – Corporate Affairs and

Intellectual Property Office

BREAK

Welcome Back

Organization(s)

Operations Finance Marketing

Marketing Delivery

Systems Management

Inputs

• Labour

• Capital

• Management

Process

• Productivity increase depends on mix of inputs

Outputs

• Goods & Services

Operations Management

Competitive Advantage

Supply Chain,

Inventory, Scheduling,

Maintenance

Location, Layout, Human

Resources

Product, Quality, Process

Activity

Divide into Groups

Discuss and decide on the businesses you are

establishing

Record your thoughts for making your businesses

sustainable

Sample Presentations

from Group Activity

Contact Details:

Blades & Blades Consultancy Services

T. 246.420.4826

E. info@bladesandbladesconsultancy.com

W. www.bladesandbladesconsultancy.com

Twitter: http://twitter.com/richieb93

LinkedIn: http://www.linkedin.com/in/richieb

Thank you!