Determining The Viability Of Your Creative Enterprise Ncf2012 13

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Transcript of Determining The Viability Of Your Creative Enterprise Ncf2012 13

  • 1. BOYA 2012 - 2013You will learn: Where I fit and how to protect myideas Business Planning Know yourbusiness Financing What that money matters Marketing and Brand Development Operations Management Review Key Elements of the ArtBusiness Pitching for funds

2. Determining theviability of your creativeenterpriseProfessionalizing the Creative Sector 3. What is my art? 4. Regardless of which art formyour represent, you may be: Undercapitalized Unknown outside your immediatecircle of influence Only experiencing active income Experiencing false glimmers of hope Asked to deal with business forms andformats you have no interests in Benefiting the least from the protectionyou have 5. 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) 6. Unknown outside your immediate circle ofinfluence Learn to network You can connect to others via thosewhom you already know Anyone you need to meet is just a fewintroductions away www.plaxo.com www.linkedin.com www.facebook.com 7. Only experiencing activeincome? Within a short while you will learnabout intellectual property Benefits of having IP protection Benefits of developing systems 8. Asked to deal with business forms andformats you have no interests in Identify key people who are excellentat the areas you would rather nothandle They should be making / saving youmoney through their efforts Ask for testimonials Have confidentiality agreements 9. Can I make Money inart? 10. Can you handle the criticism? 11. OverexpansionUnderestimatingPoor capitalthe competition structureIneffectivemarketing andself promotionReasonsOverspending smallFailure to businesses change withtimesfail Lack of reservefundsInadequate Bad business business plan locationPoor execution and internal controls 12. Thank you! Contact Details: Blades & Blades Consultancy Services T. 246.420.4826 [email protected] W.www.bladesandbladesconsultancy.com Twitter: http://twitter.com/richieb93 LinkedIn:http://www.linkedin.com/in/richieb