Unit 1: Task 8

 

Neva Morrison

Task 8

Finance - funding within the creative industries

There are a variety of grants available for businesses in the creative industry, these included government funded ones that creative business start ups may apply for. these can be for grants of £1,000 to £15,000 and other grants for £15,000 to £100,000 dependant on the individual businesses plans.

Insurance - Insurance within the creative industries marketing sector

Businesses in the marketing sector need to consider a wide range of insurance, This can include insurance to cover any cyber security breaches due to many of these types of businesses working heavily online. Some insurance companies now offer specialised packages for PR marketing businesses. These insurance packages include coverage to assist with unhappy clients, copyright infringement issues and data breaches, companies will under the same plan aims to make it easier for both businesses and clients to be correctly insured.

Working from home considerations

Working from home can be affected by a variety of factors, these can affect everyone so need to be considered by companies when deciding whether employees should be remotely based. One of the biggest considerations from working remotely is the ability to communicate with colleagues and clients. this can include considerations such as access two devices like laptops and phones as well as Internet access to allow for online meeting software to be used. other considerations can include employees access to workspaces within homes to ensure they are able to completely work in a good environment.  

Business rates

Business rates is the tax placed on non-domestic properties within the UK, this can include shops, offices and warehouses. They are calculated using the rateable value of the property and the multiplier which is set by the central government.

Geography, transport, and accessibility

The geographical placement can have some bearing on the business’s success dependant on the clients that the business works with. While majority of marketing related tasks can likely be completed remotely, aspects such as regular PR events would affect where the business should be based, being close to client businesses could also help to build a better professional relationship Which would better increase the chance of future collaborations and further business success.

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