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 …
Tag: Intellectual property
Selling cheese: an error of marketing strategy
An incident in the the BBC TV programme ‘The Apprentice’ provided an excellent example of a marketing error. It also demonstrated how the term ‘marketing’ is often misunderstood and used simply to mean ‘advertising’ or ‘selling’. In fact the marketing process goes much deeper than selling. In one episode, Sir Alan Sugar sent his teams …
Artistic Passion – combined with Business Focus
Rob Kinsey is an artist with a passion for the sport of motocross, defining himself on his website as ‘motocross racer, fan and award-winning artist’. Art and sport have been important to Rob for many years. He qualified as a technical illustrator in the 1970’s and his artwork has developed in parallel with his participation …
Whose photos are on your website?
A friend of a friend of mine has just received an invoice for £7,000 from Getty Images for the unlicensed use of one of their photographs on his website. Ouch! For a while now, the bigger picture agencies such as Getty, Jupiter Media and Corbis have been marking their copyright material with code numbers which …
The Message and Medium must be in harmony
The message must be right for the medium – and vice versa. The message and the medium must be in harmony. The “3 Ms of Marketing” are the Market, the Message and the Medium (in that order!). In other words, firstly be clear about the Market you are targeting, secondly decide the precise message for …
Your Creative Business Plan
Let’s make a distinction between planning for a successful creative business and ‘writing a business plan’. The two are not necessarily the same. In my own experience, many people write business plans purely because they are a requirement of investors or funders. These business plans tend to be written without conviction and are then quickly …
Innovating for the ‘Base of the Pyramid’
TÉLO is the first public telephone especially designed for public transport vehicles. Using a card for payment, millions of people using public transport are already using the phone on buses, trains and underground transport networks. Founded in August 2004, by Paulo Lerner and André Averbug, Brazilian company PV Inova (Public Vehicular Innovations) invented the system …
Ideas don’t make you rich
“Ideas don’t make you rich. The correct execution of ideas does.” So says Felix Dennis, poet, owner of Dennis Publishing, and one of the wealthiest self-made entrepreneurs in Britain. I met him several years ago when he gave generously to support a project I helped with at the National Library for the Blind, though he …
Let’s license works like George Lucas
We can devise business models in the creative industries by learning how to license works of creativity profitably, following the example of George Lucas – and a self-employed commercial illustrator in a small city in Brazil. In this way a business can be devised to transform the owner from a creative labourer to a true …
Download free eBook. T-Shirts and Suits
Download the free eBook version of ‘T-Shirts and Suits: A Guide to the Business of Creativity’ by David Parrish. The eBook of T-Shirts and Suits is the full version of the book, in interactive PDF format. We want you to download it, distribute it to friends and associates, and add it to your website so …