Presentation to artists about how to develop sustainable ventures. A segment in a series.

2. Determining the viability
of your creative
enterprise
Professionalizing the Creative Sector

3. What is my art?

4. Regardless of which art form your
represent, you may be:
 Undercapitalized
 Unknown outside your immediate circle
of influence
 Only experiencing active income
 Experiencing false glimmers of hope
 Asked to deal with business forms and
formats you have no interests in
 Benefiting the least from the protection
you 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 of
influence
 Learn to network
 You can connect to others via those
whom you already know
 Anyone you need to meet is just a few
introductions away
◦ www.plaxo.com
◦ www.linkedin.com
◦ www.facebook.com

7. Only experiencing active income?
 Within a short while you will learn about
intellectual property
 Benefits of having IP protection
 Benefits of developing systems

8. Asked to deal with business forms and formats
you have no interests in
 Identify key people who are excellent at
the areas you would rather not handle
 They should be making / saving you
money through their efforts
 Ask for testimonials
 Have confidentiality agreements

9. Can I make Money in art?

10. Can you handle the criticism?

11. Overexpansion
Underestimating Poor capital
the competition structure
Ineffective
marketing and Reasons Overspending
small
self promotion
Failure to
businesses Lack of reserve
change with
times
fail funds
Inadequate Bad business
business plan location
Poor execution
and internal
controls

12. Some considerations

13. CAIPO – Corporate Affairs and
Intellectual Property Office

14. BREAK

15. Welcome Back

17. Organization(s)
Operations Finance Marketing

18. Systems Management
Marketing Delivery

19. Operations Management
Inputs Process Outputs
• Labour • Productivity • Goods &
• Capital increase Services
• Management depends on mix
of inputs

20. Product,
Location, Quality,
Layout, Process
Human
Resources
Supply
Chain,
Inventory,
Scheduling,
Maintenance
Competitive
Advantage

21. Activity
Divide into Groups
Discuss and decide on
the businesses you are
establishing
Record your thoughts for
making your businesses
sustainable

22. Sample Presentations
from Group Activity

23. Thank you!
 Contact Details:
 Blades & Blades Consultancy Services
 T. 246.420.4826
 E. info@bladesandbladesconsultancy.com
 W. www.bladesandbladesconsultancy.com
 Twitter: http://twitter.com/richieb93
 LinkedIn: http://www.linkedin.com/in/richieb