CultureHive > Tags > financial
19th July 2013 Sara Lock

Resources tagged with "financial"

Loan funding in the arts

This Prosper resource provides an introduction to loan funding for arts, cultural and heritage organisations.

By Remi Harris MBEPublished:2018 Type: guide-toolkit


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Capacity Building

In this Prosper resource Gill Thewlis explores the concept of Capacity Building within the context of the arts, cultural and heritage sector; and provides a seven-point approach to building capacity in organisations.

By Gill ThewlisPublished:2018 Type: guide-toolkit


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Gearing Up For Growth

In this Prosper resource Gill Thewlis covers all you need to know to successfully manage change and growth within your organisation — from measuring success and capturing your ideas for growth; through to business planning and funding; and managing risk and change.

By Gill ThewlisPublished:2018 Type: guide-toolkit


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Identifying and assessing the right income streams for you

This useful income exploration tool will help you review your current income; identify new and potential income streams; and explore the impact that different income sources will have on your organisation and beneficiaries. It has been developed by the NCVO to help voluntary and community organisations to develop and implement a sustainable income strategy.

Published:2014 Type: guide-toolkit


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Income spectrum: finding the right income mix

This useful income spectrum tool will help you understand your income options and make stronger funding decisions for your organisation. It will help you identify the different income streams what will fit with your organisational needs. It looks at the four main streams of income: gifts, grants, contracts and open market. It has been developed by the NCVO to help voluntary and community organisations to develop and implement a sustainable income strategy.

Published:2014 Type: guide-toolkit


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Ten steps to financial sustainability

The Sustainable Sun tool combines six key aspects - the sun "rays" -  that contribute to financial sustainability and places them alongside a journey of ten steps that can help organisations to systematically increase their financial sustainability. It can help you work out where you doing well with financial sustainability and where you need to take action.  It has been developed by the NCVO to help voluntary and community organisations to develop and implement a sustainable income strategy.

Published:2014 Type: guide-toolkit


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Funder needs analysis tool

This useful tool provides an income spectrum that will help you understand the expectations and requirements that different income streams will have on your organisation. It will help you focus on the different approaches needed for funders, clients and customers. It was developed by the NCVO to help voluntary and community organisations to develop and implement a sustainable income strategy.

Published:2014 Type: guide-toolkit


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Tools for fundraising for long-term sustainability

Developed by the NCVO as part of its Sustainable Funding Project, this resource provides five tools each designed to achieve a specific aim and set of objectives. The five tools are: deciding who should fundraise; applying to grant-making trusts and foundations; raffles and lotteries; running charitable events and hiring a fundraising consultant. It also includes a directory of useful fundraising tools. It has been designed to provide practical checklists, templates and exercises to help voluntary and community organisations improve their funding and finance for long-term sustainability. 

Published:2014 Type: guide-toolkit


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Regeneration through cultural investment

Twenty years ago Salford City Council had the ambitious plan to regenerate a working dock and The Lowry project was born. This area is now one of the most significant cultural and media destinations in the world and the fastest growing visitor destination in the UK. In this article, Julia Fawcett discusses The Lowry's impact study 'Beyond the Arts' and how of this type of financial investment can affect change far beyond artistic organisations and help shape the landscape.

Published:2014 Type: article


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Implementing a different revenue model: an orchestra case study

Discover a radical new revenue model for orchestras, which challenges the traditional 'three legged stool' revenue model and outlines a significantly different system operated by the Saint Paul Chamber Orchestra.

By Bruce CoppockPublished:2013 Type: article


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The impacts of the recession on the UK cultural sector

Explore the impacts that the global recession has had on the arts sector in the UK in this report on the results of the fourth survey that Arts Quarter has undertaken with arts organisations.  

Published:2013 Type: research


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Case study of a failing orchestra

This in-depth case study report focuses on the San Jose Symphony Orchestra which closed in 2002 and is a cautionary tale for other cities, other symphony orchestras, for those in the entertainment industry, and for anyone connected with a nonprofit organisation. It looks at the history of classical music organisations, its market, the avoidance of the concert hall, competition, consumer preference, financial and organisational issues, leadership, economic issues and provides advice for other orchestras.

Published:2013 Type: case-study


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How to implement a tiered pricing strategy

A case study on how Chicago's Lookingglass theatre weathered the recession with clever pricing.

Published:2013 Type: case-study


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Pricing strategies for growth

Debbie Richards takes a look at the income debate and some of the finance generating strategies that organisations are employing globally to increase their sales and income.  This incorporates discussion of ‘revenue management’, ‘yield management’ and ‘dynamic pricing’ to increase box office income. The key principle of revenue management (RM) being to adjust price differentials in response to changing customer demand to maximise both occupancy and income.

Published:2013 Type: article


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Integrating revenue management with marketing and development strategies

This case study shows how Centre Theatre Group in Los Angeles, with the help of The Pricing Institute, moved from a 2-price to a 3-price house and re-zoned their ticket prices, to price for new audience development. These two examples show how Center Theatre Group has integrated revenue management with their marketing and development strategies.

Published:2013 Type: case-study


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Pricing research study: Call it a Tenner Part 2

Part 2 of the ‘Call it a Tenner’ report for Arts Council England presents a number of case studies from a wide range of arts organisations, according to the pricing strategies adopted. Lessons learned are then incorporated into an set against current pricing theories and models. In this section discounts, subscriptions and memberships are discussed.

Published:2013 Type: case-study


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Pricing research study: Call it a Tenner Part 1

Part 1 of the ‘Call it a Tenner’ report for Arts Council England presents a number of case studies from a wide range of arts organisations, according to the pricing strategies adopted. Lessons learned are then incorporated into an set against current pricing theories and models. The impacts cover income, new audience development, marketing tactics and loyalty.

Published:2013 Type: case-study


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The experience of Bay Chamber Performing Arts in analysing and altering their pricing structure

This case study sets out for arts marketers and box office managers the analysis done on existing and past ticket prices and purchaser patterns, and the changes made to increase the percentage capacity of tickets sold.

Published:2013 Type: case-study


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Building a value framework to assess the success of cultural projects

Learn how the Barbican's marketing director, working together with the artistic director and financial director, created a Value Framework model for the venue. Designed to assess artistic projects across a variety of measures, some financial, some relating to audience development, some relating to environmental issues, this model enabled the Barbican to attach a real value to artistic projects over and above a simple per-seat subsidy model. The document considers how we can strategically measure the value of an arts project, and reviews how successful the Barbican's model has been.

Published:2013 Type: guide-toolkit


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What are economic impact studies and how should you approach one?

This overview explains what and economic impact study is, what it measures, and the benefits and drawbacks of the model in evidencing the value of the arts and cultural sectors – useful for fundraisers, development professionals and in advocacy. It explains terminology and what to watch out for if commissioning a study.

Published:2013 Type: article


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How the arts can survive in tough times

The All About Audiences conference in 2011 was framed by the increasing funding crisis in the arts. Arts marketers heard from keynote speakers Ivan Lewis MP (Shadow Secretary of State for Culture, Media & Sport), Mark Robinson (Founder and Director of Thinking Practice). Susan Royce (Change Management Consultant) and Paul Smith (Executive Director of Liverpool Biennial). Their speeches on how to help the arts survive are summarised here.

Published:2013 Type: article


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Adapting to survive – designing for resilience

The break-out sessions at All About Audiences’ ‘adapting to survive’ conference in 2011 looked at Adaptive Resilience – and what assets you might have to help you; Designing for Resilience – what organisational structures define a resilient company; Creative Problem Solving- how to release innovative thinking in your team; Collaborative Working – looking at the example of Creativity Works in Pennine Lancashire; Business Models for greater resilience; Fundraising – from your audience, visitors and Friends; Crowdfunding with WeDidThis; and increasing revenue and new income streams.

Published:2013 Type: case-study


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Practical guide to evaluating audience engagement

Guidelines to help you evaluate audience engagement activities, whether you have previous experience or not. The methods are based on social and market research. This is a practical guide to embedding evaluation within your engagement activity. It gives a brief explanation of the theory then takes you through such aspects as SMART objectives, selecting Key Performance Indicators and techniques for quantitative and qualitative research, data handling and how to structure a report.

Published:2013 Type: guide-toolkit


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Investing in change to create a more resilient arts and cultural sector

This article examines how not-for-profit arts and cultural organisations could become more resilient – particularly more financially resilient. It looks at how organisations are working to change and evolve their business models in order to generate more income and to reduce costs and their need for capital in order to make the transition.

Published:2013 Type: article


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How the changing economy affects the arts

What challenges do arts organisations face as a result of changes in the economy? This article looks at how organisations can transform to cope with change and become resilient, while focusing on long-term social and cultural goals.

Published:2013 Type: article


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Using pricing to optimise income and access

Transcript of a session giving an overview of pricing strategy and theory, and the pricing review process, with a case study from the City of Birmingham Symphony Orchestra (CBSO).

Published:2012 Type: case-study


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