Learn how to record and manage costs, cash flow and profitability, which are a key part of running a successful craft business. Part of COMPASS 2020.
This COMPASS workshop will guide you through the financial and legal fundamentals you need to run a prosperous craft business; how to record and manage costs, cash flow and profitability. Alasdair McGill, from accountancy service Ashton McGill, will share his knowledge and experience of working with micro businesses to SMEs to guide you through the key financial aspects of running a successful business.
This workshop has been specifically designed for makers, artists and other creative practitioners (booking fee applicable).
What will you learn?
Pricing your work
Getting the pricing right is fundamental to your craft practice’s longevity. Learn how to price your work, get paid for your time and what factors you need to consider.
Understand cash flow
Cash flow is the key to any successful business. Being able to plan ahead and spot any cash fluctuations in advance will ultimately help you achieve your long-term goals and reduce stress.
Know what bookkeeping information you need to collect and how to record it for your business and HMRC. Alasdair will help you feel more confident about your tax return, so you can focus on other things that matter.
Funding can allow you to develop your practice. Explore sources of funding and learn more about what you should consider when applying for funding.
Alasdair McGill (Co-founder, Ashton McGill)
With over 30 years’ experience in the accounting industry, Alasdair co-founded Ashton McGill with his son, Andy. As well as being the Accounts Manager for Ashton McGill, he is also a trained service designer, passionate about taking a human-centred approach to everything he does. He provides additional value to his clients through strategy sessions and design workshops. Alasdair is a lover of running, coffee and design.
In 2013, Ashton McGill began life as a design agency. But the services they provide today were born out of a mutual need for change. As business owners, they were dissatisfied with the way the accounting industry operated. The traditional accountant wasn’t customer friendly or proactive, and they didn’t provide any additional value for their customers. There was no innovation and no desire for change, or for putting the customer first. So, they decided to do something about it. Using their co-founder Alasdair’s wealth of accounting and financial expertise, they decided to relaunch as an accountancy business back in 2017.
With over 30 years of industry experience, they provide simple, smart and supportive accountancy services that help their customers to grow. Ashton McGill clients include makers and small independent businesses.
COMPASS is Craft Scotland’s learning and development programme created specifically for makers. COMPASS focuses on developing craft talent and equipping individuals with the necessary skills to create a sustainable craft practice. COMPASS offers a unique mix of active learning, residentials, mentoring and 1:1 specialist advice.
We have created three programmes to provide support for a wide range of craft careers: Next Generation, Emerging Maker and Established Maker. Participants can cultivate networks and develop their knowledge about selling effectively, marketing, entrepreneurship and more.
This programme is generously supported by the William Grant Foundation and Creative Scotland.
The Principles of Finance & Funding Workshop is part of our COMPASS: Emerging Maker 2020 Programme.
It is one of three one-day workshops that are available to book; Principles Finance & Funding, Brand Storytelling Workshop and Maker Journeys in Focus. Additional places are reserved for the COMPASS: Emerging Maker Programme 2020 cohort.
If you are interested in booking all three workshops, please buy a ticket here to receive a multi-workshop discount of 10%. Instead of £105, you’ll pay £94.50.
This discount ends at 3.30pm, Monday 9 March 2020.
These workshops are subsidised by Craft Scotland to ensure that more makers have access to quality learning and development opportunities.
Venue:Craft Scotland Office
Studio 6 & 7
Castle Mills, 2 Gilmore Park