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Types of Business

February 1, 2012

Now you are becoming familiar with the idea of seeing yourself and your career as that of an entrepreneur, it is time to get to grips with the different types if business out there. It will be your job eventually to decide which of these paths you want your freelance career or small business to go down.

Read through the resources available at the given links and complete your question sheets, which are downloadable here, individually. Once you have done this you will form 4 groups and collate your responses in your groups, presenting a summary of your findings to the rest of us.

Here are your resources, find them by clicking on the relevant images.

Social Enterprise

Social Enterprise UK have many resources available at http://www.socialenterprise.org.uk, by cliking on the image of their logo you can download a key information guide on Social Enterprises, which will give you a good introduction.

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Registered Charity

The Charity Commission website http://www.charity-commission.gov.uk is a great resource for information regarding the legalities and practicalities of running a charitable business, there is also a very helpful guidance sheet available from Bedfordshire Community and Voluntary Service, which should get you started. Dowload that by clicking the image.

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Sole Trader

 

 

 

 

Information on how to become a sole trader is available from lots of places, the Business Link website provides an overview which will serve as a good starting point. Click on the image to visit the page.

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Limited Company

 

 

 

 

If you have been given this category, you have the biggest research job, as you have to take into account the TWO main types of limited company that are out there. That’s your first helping hand, here’s your second, a guide to starting out as a limited company from Business Link. Click the image to get started.

Remember!

These links, as with any resources out there, are not specific to the music industry, it is up to you to take the advice and guidance given, and think about how you can apply what you learn to a potential idea for a successful music business or freelance career.

Good Luck!

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