Instead of dreaming about having millions of fans, nurture one thousand ‘true fans’. That’s the advice for creative individuals from guru Kevin Kelly. He writes: “A creator, such as an artist, musician, photographer, craftsperson, performer, animator, designer, videomaker, or author – in other words, anyone producing works of art – needs to acquire only 1,000 …
Tag: Technium.
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 …