Unit 14: Working Freelance

Business Plan

When wanting to fund a new company or expand plans in a freelancing capacity, one way to get capital is to apply for a bank loan. There are numerous things to consider when going down this route including what the purpose of the business is, the service it will provide and how customers will consume the product. Below is an example of Barclay’s business plan that me and Danny worked on for a proposal for a new company.

Business-plan-generator-Barclays

Understanding Financial Issues

Table showing percentage of earnings applicatable to be taxed

Table showing percentage of earnings applicable to be taxed

The following are all the examples of taxable and non-taxable types of income;

Taxable
  • Rental Income
  • Earnings From Employment
  • Interest On Savings
  • Earnings From Self-Employment
  • Benefits (JSA)
  • Income Paid From A Trust
  • Pensions- State, Private etc.
  • Income On Shares (Dividends)
Non-Taxable
  • Charity Donations
  • Industrial Injuries Benefits
  • Disability
  • Maternity Allowance
  • Lump Sum Bereavement
  • Housing Benefits
  • Guardian Allowance
  • War Widow Pensions
  • Child Benefits

Self Promotion Strategy

In the development of any young professional, avenues of help provided from organisations or trusts benefit the advancement of the career they envision themselves being involved with.

Some of these include organisations such as;

  • British Interactive Media Association (BIMA)
  • British Film Institute (BFI)
  • British Academy of Film and Television Arts (BAFTA)
  • National Association of Broadcasters (NAB)
  • Independent Publishers Guild (IPG)
  • Association of Online Publishers (AOP)
  • Producers Alliance for Cinema & Television (PACT)
  • News Producers Alliance (NPA)
  • National Union for Journalists (NUJ)
  • Broadcasting, Entertainment, Cinematograph & Theatre Union (BECTU)
  • British Institute of Professional Photography (BIPP)

Each one of these would suit the needs of specific individuals needs, for example, with an interest in scriptwriting, approaching the BFI may be something to consider.

Screen Shot 2014-11-06 at 09.20.36

The BFI was founded in 1933 and is a charity organisation governed by The Royal Charter. As well as awarding lottery funds to film production, distribution, education, audience development and research, they have a plan set up between the years of 2012-2017 called ‘Film Forever’ that will fund, through grants provided from the Department for Culture, Media and Sport that will expand the BFI’s activity in the industry.

Young, promising UK writers, directors and producers can receive help from the ‘BFI NET.WORK’ which is a country-wide talent development programme ‘helping new and emerging filmmakers to reach their full potential.’

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