Thursday, 21 May 2020

Business Finance (after feedback from peers)

I shared my business plan with a couple of my peers in order to gain some feedback before submission, the feedback I received was all relatively similar and that was to do with how I priced my products within my presentation. I'd priced products at an hourly rate, charging £2.50 per hour for one service. My peers told me that this may be confusing when people purchase a product as they don't have security that the piece has taken that long and other factors. I agreed with this as I would feel like I'm paying an extortionate price if I was paying by the hour as a customer so I instead decided to create fixed prices that would show the product packages value as a whole. 

Below is my updated finance chart with fixed prices and some changes to the income created, with fixed prices I could give a product more value and thus yield more of an income. A minor thing like that could've changed the trajectory of the business overall. 


Monday, 4 May 2020

Evaluation


For this past year we’ve been tasked to learn more about creative enterprises, the different kinds of enterprise and overall, what working within that industry is like. Using this learning and experience to guide us into formulating our own idea for a creative enterprise. Finding out the nitty gritty details of business that maybe change our perception of how businesses are formulated and ran. We’ve also been urged to get out there and propel ourselves into this industry, to go and gain important work experience that would truly benefit us into going down our chosen career paths. With all of these skills learnt we’d go onto making a short film collating all of our skills.

When this course began my path was very different to the one, I am on now, at the beginning I wanted to become a freelance filmmaker and potentially go into writing or directing. I wanted to get as much work experience in film out there so that I could potentially move on and work in the film industry. My plan for my business was to create a freelance filmmaking company that would eventually become a production company. I partook in paid work experience with accompany called Trett Films and really enjoyed the experience and learnt a lot from it. This drove me towards that sort of business type. I don’t feel I necessarily accomplished it but that’s because I took a different pathway as more opportunities arose. Many activities and tasks led to this change; I would still like to get into the film industry but maybe learn some other skills before I go on to do that. Work experience was the key driver for me during this course, everything I learnt on work experience opportunities helped me get the next opportunity, each one springing me onto different things. After these experiences I would note them down and write them up so I can remember for future reference what I was up to and what skills I was gaining from the subject.

When pursuing my creative venture, I did a lot of research into the creative industry in general, I learnt a lot about how much of a core piece it is within our economy and our culture. I learnt a lot about how people’s intellectual property is protected and why it is protected and how those regulations excel and move creativity onwards. Pursuing a film making business I had to do research into safe work practices and looking into regulations that would protect more vulnerable workers such as children within this industry. When creating the short film all these things had to be kept in mind, we had to make sure that everything we were adding or showing had the right permissions to be added or shown. That meant our team would compose original music for the film, we’d write an original script and we’d also gain permissions from local locations to use their premises for our film. One thing learnt was respect for our team members and that we needed more of it, we needed to respect each other’s ideas and remember that filmmaking was meant to be a fun creative process, not a stressful process, I wish we could’ve learnt this earlier within the production as things may have gone a lot more smoothly if that was the case.

How to keep safe within this work practice was a pivotal part of our work, how to get what we wanted whilst protecting all the people working on the film, whether physically or mentally. A lot of research went into health and safety in a physical sense but not some much on keeping each other safe from a mental health point of view. If we’d have investigated teamwork exercises and more ways for us to work and synergise then maybe, we would’ve had a more fulfilling filmmaking experience. Teamwork is the most important thing within the creative industry, pushing each other up. Instead of striving for our own goals to strive for a collective goal. Instead of competing with classmates we should’ve learnt each other’s strengths and weaknesses and adjusted accordingly. It’s really good to keep in mind that you won’t trip over an audio wire but from what this course has shown me it would be far better to ask each other how we were feeling and to discuss ideas in a way where everyone’s ideas are accepted, not an environment where they’re rejected.

As the course progressed my passion for filmmaking fizzled out as it was becoming a lot less fun. I went on to pursue different ways to be creative and what I found was marketing, after the work experience opportunity with a company called Scooterpac I gained a lot of respect for marketing and I really enjoyed finding really creative ways to promote a business. This is what I wanted to do, my venture moved from making films to making marketing material for businesses who maybe couldn’t do the marketing for themselves. At the same time, I explored new ways to tell stories, via writing and weekly sessions of dungeons and dragons with classmates, this experience then leading on to me going onto radio and learning more about that side of media. It has shown me that in this industry, there isn’t one clear path to go down, each one is different but similar and in each one you get to be creative. I’ve learnt that I enjoy creating, however that may be, I enjoy being a creative person. I don’t have a clear direction that I want to go down but I’m pursuing a career as a marketing assistant and seeing what opportunities that brings.

Business Finance (after feedback from peers)

I shared my business plan with a couple of my peers in order to gain some feedback before submission, the feedback I received was all relati...