Sydney Marshall L4 Creative Enterprise Blog

What is the DCMS and what do they do? DCMS stands for the Department for D igital, C ulture, M edia and S port. It's a department within the UK government where it's responsible for the culture and sport specifically within England. For what this does is that decisions can be made by government to create a better economy.  What are some of their more recent announcements? They recently announced about; giving access to better broadband in some rural areas within the UK due to the importance of internet connection throughout the Covid-19 pandemic when working remotely from home. Full fibre broadband has also been expanded to some schools as well in order to give better and important learning opportunities to both pupils and students. Funding has also gone to charities that revolve around helping people's mental health and lives, by reducing down loneliness caused through the pandemic. There was also an announcement about celebrating the creativity within the UK, this would r...

You may find a lot of information for some of the sections below. If so, tighten your search to focus mainly on the sector / career you are interested in. Finance - what sources of funding exist within the creative industries? The main sources for financing within the creative industries can be through; art councils, the National Lottery (distributors such as the BFI distributes the fundings from the lottery and is also on of the leading bodies for movies within the United Kingdom), foundations, education, business loans, foreign funding from areas such as Europe and fundraising, where it can be raised from the help of companies such as the British council to independent online sourcing from well known and successful websites such as Kickstarter or GoFundMe. Insurance - what types of insurance exist for the creative industries? The types of insurances found within the creative industries are; professional indemnity insurance, which protects any creative employee from any fowl play suc...

What is a regulatory body and what is a regulatory framework? A regulatory body is an organisation where it can either public or government run, with this they can enforce standards and safety in order to protect the public from any misconducts made by consumer markets. Meanwhile a regulatory framework is a legal mechanism that can range in use from national to international levels and it's made up so it can protect against anti-corruption within a legal background.  What is Ofcom, what does it do and what framework does it produce and follow? Ofcom (also known as The Office of Communications) is an government approved authority that overshadows primarily in television, radio, telecoms and postal sectors within the United Kingdom. It was founded in 2003. For what they do is that they overview any programme aired in the UK, where broadcaster have to follow a code that has 10 sections to it, if broken or complained about by large volume of viewers, then Ofcom has the right ...

What is a business plan? A business plan is a written document with detailed goals towards a business and financials, with it being focused in areas such as an overview of the business, the sales and marketing, resources, their staff and management teams, planning and financing.  What is a business model? A business model is a plan made up by businesses/companies in order to analyse structural details such as identifying their target audience, deciding what products to sell and for what expenses that could be expected to be spent for producing those particular products. What is meant by the term 'sustainable business model'? For what a sustainable business model is when any stakeholders or businesses create concepts and ideas that go forward on using sustainable choices which can ensure positive benefits and non-negative impacts to the environment as it's a growing global issue (examples of these issues such as global warming, deforestation, increasing water levels and plas...

What is a mission statement? A mission statement is a short statement created by a business/company to portray to their consumers a more straight-to-the-point message (ranging from a sentence to a small paragraph in length) for what their business's aim and mission is, these mission statements can mention objectives such as; their position they want their company to be in (such as being the world's number one company for example) to the mention of their products (from general business to creative opportunities). What is brand positioning? Brand positioning is a strategy used by businesses to reach to the minds of their target audience to own a personalised and different position which means they want to make a stand out brand to consumers so they can associate a product to the business's branding which further escalates their position to the top and also increases profits along the way. Example of brand positioning with notable branding is Apple as it presents it's bran...

Compared to other sectors in the UK, how well are the creative industries doing? The creative industries are currently doing great as especially in the video game/digital computer services sectors where due to the increase of popularity of video games, this has impacted positively by opening up more jobs within that sector and production companies to keep up with the demand and ever since 2010, there has been an overall 43.6% increase in jobs which then gives the creative industries to make up 6% of the UK's economy. However, it did struggle especially in the performing arts and films sector during 2020 to early 2021 due to the pandemic and national lockdowns, as this lead to those places being shut down in order to protect the public from spreading the Covid-19 virus, some places even shut down completely due to the lack of funds but the government did contribute a small amount to those sectors, so they could get back onto their feet when those places re-opened and also jobs could...

Investigate and identify the various types of business in the UK, this should include: Sole traders Sole Traders is when a business is either individually owned or being self-employed, for what this means is that when you own this business, you are responsible for every aspect of your business especially including finances. The only problems that might become involved when being a sole trader is that there is financial risk such as the income is on the individual so any debt curated by the business is fully on that individual. Examples of what types of businesses uses sole traders are; small businesses/freelancers, tradespeople who are self-employed such as plumbers and workers who do gigs, such as taxi drivers. Limited companies Limited Companies are a type of business structure that limits the shares and guarantee which are also usually set up as private companies, this means it's usually controlled by more than one person and can also put money towards and vote to any liabilitie...