Simple ways to make money (London Business School)

June 14, 2012 - PRLog -- Many possess the ability to come up with the best ideas for making money, but translating that into money making venture can be a real challenge for artists and creative individuals in the UK. Ironically, many companies often spend vast sums on suits and locations to host motivational speakers and creative events, yet emphasise on thinking out of the box. For those who spend their time organising these events, the question is, how can these events morph into cash?

Creative jobs, such as, glass décor or cushion designing that Tina Crawford, a jewellery design graduate currently does is one of the many jobs that adds-up to the complete result of event organising. Crawford, whose long time hobby is embroidery, took to the art after giving up her full time television job due to an illness. She admitted to not having the complete mind for business, however, decided against going back to government benefits and soon joined an art institution for creative new business, where she developed entrepreneurial skills in business development.

School of Creative start-ups was founded by Doug Richard, one of the investors on the renowned TV programme, Dragon’s den. Initially known for his disinclination for new business ideas, his stance in the programme has since changed, becoming more open to young, fresh ideas. According to Doug, "There's a tremendous amount of creative talent in Britain but nobody's helping these people succeed entrepreneurially". Doug joined forces with Media Cohan-Petrolino, an arts curator with a background in PR and education to manage the institution.

A former teacher and model maker, Jim Rokos had an idea which involved making fruit bowls and wine decanters with more than one base leaning on different angles, however, had no idea where or how to start. With no background in business or initial knowledge of pricing and negotiation, he has been able to get the products off the ground and towards production through the help of art school where he received guidance and training.

Recent government statistics shows a growing figure of 1.5 million people employed in over 100,000 businesses, in the creative industry. According to Doug, "Growth in economies comes from innovation that increases productivity and new jobs”.

These discoveries show that talent combined with some support or training may be sufficient to drive profit in business. Business opportunities are not only available to large corporations or business sharks; having an entrepreneurial spirit backed with the right idea could pave the way to new and exciting beginnings.

For further details visit: http://www.london.edu/programmes/executiveeducation/finan...