Introduction • Activities map and sanity check • Good to great model • Passions and values
• Financial efficiency - income and time • Roles and responsibilities - what you can be the best at (Riskit model) • What’s your next step?
Activities map and sanity check
What led you to do them?
What do you get from them?
Good to great model
maintain motivation
sustain your business
Passions and values • Map activities into the love it or don’t bother model
Passions and values • Value sort exercise
• Which items on your map affirm values? • Which conflict with your values?
Financial efficiency • How much income are you generating?
• How much time are you investing?
Income / time balance
Financial efficiency • How much income is generated? • How much time is invested? • Does the income cover your costs,
i.e. is it profitable? • How can you be more efficient with time? • How can you increase your profit margin?
Costing your daily rate
Overheads plus Salary
Days per year
Holidays
Contin -gency
Admin
Total days available
Weekends
no admin time
£27,000
365
104
30
5
0
226
£119
£15
admin at 25%
£27,000
365
104
30
5
56
170
£159
£20
admin at 40%
£27,000
365
104
30
5
90
136
£199
£25
Costing your daily rate
Daily Hourly Rate Rate
Roles and responsibilities
Who’s responsible for generating the idea?
Who’s making the work?
Who’s getting the work to the client/audience?
Analyse roles, responsibilities and rewards
Idea + production questions • How’s something being created? • What may be achieved by employing a particular means of production?
Production + delivery to market questions • What’s the capacity to deliver on time to the right quality? • How’s the work assessed during production?
• What might change as the project matures?
Idea + delivery to market questions • Income streams, price and value • How can an audience/market opportunity be recognised and provided for?
Relationships across all roles questions • Who has the overview? • Who has overall responsibility for making it happen?
Analyse roles, responsibilities and rewards
Your Riskit model • Where do you sit?
• Are you focusing in or widening out?
maintain motivation
sustain your business
What’s your next step? • What insights have the models produced?
• What will you do now?
What’s your next step? • Set yourself 3 actions
Next steps • A Guide to Starting a Business Plan • Business Plan Contents Guide • Costing & Pricing Work • Budgets Guide • Cash Flow Guide
• DIY Professional Development Planning Tool
Supporting creative business throughout Scotland Enquiry Line: 0333 999 7989 Weekday: Mon-Fri: 09:00-17:00 Evening: Wed: 17:00-20:00 info@culturalenterpriseoffice.co.uk www.culturalenterpriseoffice.co.uk www.facebook.com/ceoscotland @ceoscotland Please note: Clients and other organisations have kindly given permission for Cultural Enterprise Office to use some content only within the workshop. Therefore some of the slides shown in the workshop are not reproduced in this document. Where possible we have attributed the source of the content in the presentation for clients to research further.