It has been a tough 18 months and many of us working in the creative and cultural industries are struggling with financial worries.
As a nation, we're a little shy when it comes to talking about money but as we move into recovery mode, Creative England has partnered with some key organisations to provide a two-day online Bootcamp to help you get your finances back on track.
This bootcamp will help you if you’re:
- thinking about setting up a creative business or becoming self employed and you want to understand finance fundamentals like balance sheets, cashflow, budgeting and jargon
- concerned about the current financial status of your business and want to manage debt, improve profitability and plan for stable growth
- interested in accessing finance to help your business growth but don’t know where to start or what's available to you
What to Expect
- The Bootcamp will take place 10am - 5pm on 23rd and 30th June 2021.
- Attendance at both days is highly recommended to get the most out of this opportunity.
- All participants will receive a resource pack with some helpful templates and information prior to the event.
- We will be conducting an anonymous survey for capturing your main worries and questions to address during the event.
- Homework will be set on Day 1 which is designed to help you apply your learning. Completing the homework will be optional.
- The Bootcamp will take place on Hopin. Joining instructions will be emailed w/c 14th June directly to everyone who registers on Eventbrite.
Bootcamp Format
Day 1 and Day 2: 10:00 - 13:00
The morning will be spent with David Parrish - a creative entrepreneurship expert and mentor.
David will be drawing on his vast experience of supporting creative and cultural businesses to increase their profits and take us through the foundations of financial planning in an interactive and informal setting. Topics covered will include:
1) How to monitor and measure all your business costs, including indirect and ‘hidden’ costs.
2) How to ensure you don’t run out of cash, using a cash flow projection.
3) How to set your prices to ensure a predictable profit for products, services and projects.
4) How to understand accounting jargon and use financial information to achieve greater success.
Day 1 and Day 2: 14:00 - 17:00
During the afternoon we'll be hearing from a range of industry professionals who specialise in supporting creative businesses with financial planning. The topics covered will include:
- Bootstrapping - the art of using personal savings and loaned income from friends and family to set up a business, survive and thrive - delivered by Ward Williams Creative
- Contracting - payment structures, protection from late payments and limiting liability delivered by Marks & Clerk Law LLP
- Start Up Loans - the Creative England investment team will be giving an overview of the British Business Bank's Start Up Loans scheme for anyone thinking of starting a new business
- Business Planning Grants - Creative England's Business Planning Grants are back for anyone working in the screen sector. Find out from the team what exactly is on offer and how you can apply.
- Crowdfunding - how to set up and manage campaigns to raise project funding from your audiences, friends and networks delivered by Crowdfunder
- Angel Investment - if you're looking for investment into your company or organisation a business angel may be what you need. UKBAA will be outlining the fundamentals of attracting and securing angel investment.
About David Parrish
David is a creative industries expert and specialist business advisor for creative businesses and cultural industries organisations. He is a creative industries management consultant and an expert on the management of businesses and organisations in the creative and digital industries.His work is recognised internationally and he has worked in more than 50 countries around the world, from Azerbaijan to Zimbabwe.David’s professional qualifications include Fellowships of the Chartered Institute of Marketing, the Institute of Leadership and Management, the Chartered Management Institute, and the Royal Society of Arts.
Partners and Funders
This event is brought to you by several of Creative England's regional growth programmes:
Advance is a business support programme for creative and cultural practitioners, freelancers and SMEs based in Wakefield and the wider Yorkshire Humber region. Advance is delivered in partnership with Wakefield Council and funded by The Department for Digital, Culture, Media and Sport’s Cultural Development Fund grant, which is administered by Arts Council England.
Ideate is a programme for Greater Manchester-based creative and cultural businesses looking to expand into immersive storytelling. Bringing together leaders from across the ever-growing world of XR, we provide workshops, events and mentoring opportunities. Participation in the programme is fully funded through the European Regional Development Fund and the programme is delivered in partnership with Manchester Growth Hub and Northern Powerhouse.
Cornwall x Connectivity offers tailored business support for creative and cultural practitioners, freelancers and SMEs based in Cornwall. The programme is delivered by Creative England and is funded by ERDF (European Regional Development Fund) and administrated by MHCLG (Ministry of housing, Communities and Local Government).
If you have any queries about this event, don't hesitate to get in touch with Nadia.Adofo@creativeengland.co.uk
