The Creative Economy

Self- employment = Freelance, pitch to the employed individuals in companies for short-term contracts. (Can be mirrored from self-employed parents.)

Employed = Hire freelancers on short-term contracts, for specialist skills.

Being freelance is becoming more and more popular in the creative industries with, 67% of people working in Photo Imaging being freelance. A reflection of the popularity of freelance was shown in the coffee shop boom, meetings in offices are a thing of the past, a quick catch up on the progress of a project over coffee is becoming ever more frequent.

The market stall approach to a business is one that may be typically traditional yet is highly flawed, with no grantee on sales, lots of dependence on things such as weather and popularity of certain locations.

Advertisement has taken on a new level through the advertisement spaces on social media, your computer will remember what websites you have viewed and advertisements of these products will start to appear on things such as, EBay, Facebook and LinkedIn.

Damien Hurst work. 

SELF-EMPLOYMENT

What you need for self-employment:

Drive, communication, organizational skills, ambition, can deal with risk, can deal with instability, problem solving, marketing, strategic thinker, and social skills for collaborating.

Creative Industries

·      Originators – produce one offs, fine artists… Tracey Emin, Damien Herst… Galleries, Museums.

·      Experience Creators – Theatre, Galleries, Opera, Sport, Shopping, Concerts, Festivals, YouTube.

·      Content Producers – across different platforms, lots of exposure, moneymaking, licensing… fashion, film, writing, games, music, photography.

Creative industries are based on creativity, talent, individuality, ideas and innovation. They give:

- £71.4 billion to UK economy

- £26 billion is fashion related

- £8 million per hour

Some examples of fields in the creative industry are: advertising, architecture, design, art, antiques, fashion design, film, video, TV and radio.

Employment

Creative industries employment increased by 8.8% between 20011 and 2012, compared to 0.7% for all UK economy.

Exports

Exports by the Creative Industries were £15.5 billion in 2011, which is 8% of total UK service exports. Between 2009 and 2011, exports from the Creative industry increase by 16.1%. Fashion houses are small employers that go through multiple arrangements and agreements. UK Fashion Industry supports 797,000 jobs – decreasing 2.3% from 2009. Wages have increased over £46 billion, increasing of 23% from 2009. There has been a reduction in employees, yet increase in wage bill.

Going it alone

There is a high rate of self-employment currently with 34% of peoples being self-employed; there are also more than half of the creative industries that are self-employed.

After you graduate

Jose Pope Photography, Freelance Photographer. 

48% portfolio working

23% self-employed/Freelance

18% running own business

44% want to have own business

Being freelance is becoming more and more popular in the creative industries with, 67% of people working in Photo Imaging being freelance. A reflection of the popularity of freelance was shown in the coffee shop boom, meetings in offices are a thing of the past, a quick catch up on the progress of a project over coffee is becoming ever more frequent.

The market stall approach to a business is one that may be typically traditional yet is highly flawed, with no grantee on sales, lots of dependence on things such as weather and popularity of certain locations.

Advertisement has taken on a new level through the advertisement spaces on social media, your computer will remember what websites you have viewed and advertisements of these products will start to appear on things such as, EBay, Facebook and LinkedIn.