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Showing posts from October, 2020

Research task two

Sole trader A sole trader is someone who is self employed and runs their own business as an individual. They essentially are the business. this can be a good and bad thing, for example, they are in charge of everything, assets, profits, what jobs to do when, this would mean their work week is very flexible. But there are downsides to this as well, they have to be their own motivation because no one is making them do any work, they are responsible for paying for everything ( travel, equipment etc.)this could get quite pricey. Limited companies  Typically limited companies are better than sole traders because their debts only go up to  amount of money they invest, whereas things like sole traders it could extent and they could lose a lot of money and assets. The downside is that limited companies require a lot more paper work and preparing and there usually isn't just one owner it's split into shares. partnerships  A partnership is a formal agreement by two or more people t...

Research task one

SWOT stands for: Strengths weaknesses, opportunities and threats. This is a way to evaluate your company. using this technique will help define your companies strengths and weaknesses. PESTEL stands for : Political, economic, social, technological, environmental and legal. Is a framework used analyse macro environmental factors that may impact an organisations performance. This is especially useful for a new business. PESTEL and SWOT are often used together to produce a clear understanding of the strengths and weaknesses of a ny given business. There are a lot of current factors that would heavily impact businesses in the UK, The economical side of things would be massively impacted due to corona virus because they wouldn't really be able to open due the the rules put in place by the government, it's much easier for online businesses to operate because there's no face to face interaction. Many businesses are being forced to reinvent themselves to keep afloat. This also goes...

Documentary production companies (case studies)

Tin can Island   Tin can island is a production company that is based in Norwich that produces factual programs, they’re produced over 50 hours of television in the past 3 years , a lot of these productions have featured on majo r UK broadcasters, channels like ITV and BBC.   It was founded in 2012 by Andrea Cornes , who has had over 25 years of experience in TV broad casting . They mainly cover wildlife and animal topics in their documentaries , they’ve filmed many documentaries around the world in places including the USA Australia and the UK.   Their values and aims are to educate the public on a wide range of subjects, to build relationships with clients all around the world and to tell truthful stories. It's important to have values and aims as a creative business because it’s important to stand for something     Tin can Island have accounts on all main social media sights ( facebook , instagram Twitter), the only problem is they post very irregularly...