How do you raise finance for a feature film? (Or any other creative enterprise, for that matter.) It’s an expensive business, but some creative entrepreneurs think imaginatively about raising money, including raising small amounts from lots of people. Like ‘crowd-sourcing’, ‘crowd financing’ allows many people to participate in a small way to have a great …
Category: Finance and Accounts
Creative Business Guide
A useful and readable ‘Creative, Cultural and Digital Industries Guide’ has been published by Business Link West Midlands It is available in hardcopy from Business Link West Midlands and downloadable as a free eBook in PDF format below. This creative business guide was written by David Parrish, author of the book ‘T-Shirts and Suits: A …
Winning in Hard Times
How will creative businesses cope in the economic downturn? That’s a question that I have been asked many times recently, both in the UK and overseas. In response, I make the following points: Though the general economic situation is difficult, the recession will not affect all businesses equally. It is not inevitable that all businesses …
Film funding through eBay…
Financing a feature film can be a complex and expensive business, and most talented film directors never get a chance to make a full-length feature film because of lack of finance. But with her ‘can-do’ attitude, resourcefulness and determination, Fiona Maher has made a film on a micro-budget, raising cash from a variety of sources, …
The Price of a Bed
Would you pay 50,620 Euros for a bed? (That’s over £40,000 GBP, about $78,000 USD) Probably not. But apparently some people do. Why? What’s going on here? I’m fascinated by pricing strategies and run workshops for creative businesses on the subject. There are different ways to decide on your pricing strategy and I’ll be writing …
Managing Cash Flow and Fixed Costs
One of the biggest challenges for creative businesses, especially fast-growing enterprises, is the management of cash flow. When businesses fail, it’s frequently because of a cash flow crisis rather than lack of profitability. The gap between cash outflows and cash inflows becomes too big and they run out of cash. An unprofitable business will inevitably …
Your ‘Financial Control Panel’
Finance and accounting are often regarded as the boring side of business by creative people, but those who ignore it are not in control of their business destiny. It’s like driving a car without looking at the dashboard. Successful entrepreneurs don’t need to look at all the detailed financial information but do need sight of …