Reconfigure business model

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Many small and medium sized arts and cultural organisations have significant assets. 

These include any or all of the following; buildings, audience and other participants, technology, staff skills and experience, existing donors and supporters, volunteers and back catalogues of work produced. These assets might be used to generate more income and/or deliver greater value and/or develop new assets. Recognising what assets you have and how to get the most out of them is the central building block of our approach.

The following questions are designed to help you to work out which tools and approaches to explore from the selection available:

Questions to discuss 

Can we use our assets to generate more earned and/or fundraising income?

How can we reduce costs and increase net revenues?

Can we work in partnership with others to reduce costs/generate greater value for example, through sharing back office services or co- producing?

Can we operate as a community asset, delivering more value with and to the local community and/or our community of practice?

Can we make better use of our staff, board and volunteers, providing them with a more rewarding experience?

Core individual resources

The resources listed below in type and alphabetical order are the key resources to use as you work through this issue.

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Business Growth Options - Ansoff's Matrix

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From the Business Survival Toolkit. Assesses four strategies: market penetration; market development; diversification and product development.

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Business Model Generation Canvass

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From the Business Survival Toolkit - aims to create a shared language for describing, assessing and changing business models.

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Create and improve new products and services

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Guidance from the Business Link website including on the product development process and costing.

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Find value you didn’t know existed in your business

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“Find value you didn’t know existed in your business” from the Business Link website. Includes sections on identifying, valuing and protecting tangible and intangible assets.

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Funding Central

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Funding Central. A searchable database of funding opportunities.

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Income exploration tool.

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A tool for considering income sources as regards organisational mission/skills/financing requirements etc from NCVO.

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Trading: choosing the right legal form

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Questions to help you determine an appropriate legal structure for a new business venture from NCVO.

Relevant collated collections of resources

These folders of resources listed below in alphabetical order might be useful if you want to delve deeper into any of these associated subjects.

Curated Collections

Asset based development

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Curated Collections

Delivering public services

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Curated Collections

Partnerships and collaborations

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Curated Collections

Planning for sustainability

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Curated Collections

Starting a new business venture

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