Types of Employment
Sole Trader: You are in Charge
Partnership: When two or more people own the business
A Co-operative: Collectively owned and controlled by these people who work within it.
Limited Compeny:
Franchise:
Realisties of working for yourself:
You are the boss
Flexibilty in hours
Choose where you work, geographically, office, studio
All profits are yours. (after tax insurance etc)
Produce the work you want, set your OWN briefs.
Working doing something that you love.
Branding: Business cards and all marketing material
Tell HM Revenue and Customs - once you start trading
No regular income.
Can claim working tax credit/Child Tax Credit
Lots of help after graduation.
Where to work
Home:
Advantages. Cheap, offset some utility bills against tax, easy acces (no transport, extra rent etc)
Disadvantages. Can be lonely.
Studio:
Vary in Cost, offset utilities. Access maybe restricted. Creative environment. Open days that can sell work to public.
Own shop/Gallery:
Vary in Price, rent - offest utility bills. Public liability insurance. Initial investment.
Task (SDS):
• Do some research into potential work spaces/studios where you’d like to work – it may be interesting to compare prices of studio spaces both regionally and nationally.
• A few to get you started:
The Mushroom Works – Newcastle
The Shed – Gateshead
Platform Arts - Middlesbrough
Group Task:
-Discuss types of materials/supplies you would have to source to set up your business.
-General
Sourcing materials – Group Task – 10 minutes
1. In groups of 3 or 4 discuss the types of materials/supplies you would have to source to set up your business
2. Produce 2 lists:
• a personal, subject specific one,
Premises, personal, bank account - seprate for business, childern,
software, photoshop, illustrator, applemac, printer
materials for samples: boxes, business cards, compliment slips, letter headers, stamps, postage.
• and a group/general list. This may cover things like computers, mobile telephone, stationary etc
phone - contact, social networking, invoices, passport, business cards, camera, log and reference all work. Subscription to ACID. Website, travel, Car (petrol, insurance, tax) Public transport (carrying all samples etc) Getting to trade shows etc
• 3. During SDS time, do some research into suppliers of your required subject specific materials
Developing Contacts and Networking:
Participating in trade shows and exhibitions, competitions.
Word of mouth, coverage by press.
Internet, Facebook, Twitter, Instagram, LinkedIn
Blog
Work experience
Actually setting up - Funding
Business Plan: A Report that states your ideas - lots of help after graduation.
Can claim jobseekers allowance while working on setting it up
Enterprise allowance
Princes Trust
Business Link
Pay everything yourself.
CraftsCouncil
Arts Council, England
AN
Axis
Department of Trade
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