10th Feb 2015
FUNDING = MONEY
What is funding? Basically, it means money.
As a noun, funding is a financial needs or resources which for your purpose. For example, I want to hang out with my friends in the weekend. However, I do not have any money even for taking a bus or taxi. Then what should I do now?
Of course raising money is difficult, but there are many ways to get money, so called income.
Normally if you have your job, you earn your salary and save some part of salary. Saved money will become your own fund later. Or getting a part-time job can make your money too.
On the other hand, you could raise your money by corporate funding. Several companies will provide you property. Then you start your project with their funding. When you make a profit, you should share profits with your corporate companies.
Furthermore, there is a crowdfunding. In this case, you need lots of people and an organization or on-line platform to invest. For example, the writer want to publish her book, however she needs property first. Then she uses the website like ‘ucanfunding’ or ‘tumblbug’. When the product or project is registered, the organization starts to bring investors to launch the product successfully.
Private and Public funding is regular method to grow money. First, public funding is based on government apply. Even you receive the low money but there is less worry to be the poor than using private funding. Nevertheless its risk, private funding is more flexible to raise capital.
Advertising through media has a great effect. Advertisers utilize websites,Twitter,Facebook, YouTube and Google. Once you carry your ads, the impact stands up for a long time.
Selling products also gain your money. Sell your products to your neighbor or friends directly can finish the work very neat. Or register your stuffs in eBay or amazon. If you use e-commerce, it might be more complicate than you thought.
Now let’s see the cases of expenditure. Sadly, there are much more expenditure than income. Look carefully these options and consider what kind of are not needed to take less care.
First, there are human resources. Each people plays their roles, they are the engine of the world. Of course there is no person who can do everything by himself. So we need to cast somebody else for tasks which require beyond my ability. If I need someone to take pictures, make a photo album and delivery it to my home safely. I want to buy some books only published in U.S, but I cannot take the airplane to purchase them. Delivery man, salesman, professor and so many other people have their roles. We need them all the time and we pay for them. Here is the beginning of the spending.
Second, people make better results with their tools. To be specific, it is a equipment. We need a laptop or desktop to draw digital artworks. Nowadays, people can do everything with smart phones regardless any restriction of time and place. However, to fulfill the equipment, we definitely need to buy or borrow it. Fortunately there are some free resources. It is great to relieve burden, however, you ought to check the licences when you use free sources. Please take care when you use music and especially image. Even though you add the link, someone might accuse you. If you have to use the contents, make sure to buy commercial sources.
Next, it is about studio hire. I read an article about a spot has a copyright. When the movie director wants to take the house which is behind the trees, company must pay the proper cost to the owner of selected house. Anyway if you find the spot, you should borrow there after paying price.
There is one of the most important thing you need to recall. Insurance. It is a policy to help you when you got an accident. You pay the money regularly first, certain percent of your insurance cost will cover your medical expenses.
You need materials when you make your plans come true. Materials can be anything such as a camera, data and so on. It is an equipment and supplies to make a piece from basic steps to final completion.
When the time to start post-production editing, you need a software and a place to work. In final step, you spend time to modify your project more sophisticated one. Of course editing program is not free program. Besides, if you work with your co-workers, a cost for studio or workshop would be expensive.
Actually, the best way to earn every sources and materials in the beginning is traveling. This way costs a lot. From departure to arrival, you ought to take care of at least 20 things including transportation, hotel reservation, meals, schedule, weather, time gap and so on. However, you can earn unique sources, special material and your own idea from traveling.
* My first outline of plan
Income – My website’s purpose is to guide foreigners, so I have a chance to receive the government support funding. Also I am thinking about selling ads through airlines, travel companies and other facilities. I am going to design more plans about growing income.
Expenditure – To minimize human resources, I start the project alone. I need other professional help. There is another expense for using facilities to research the places to inform. Plus, I have to ready the fare for a few days. For equipment, I must need a laptop and camera. When I take some pictures, I would better remind not to pay a fine. Besides, I should use internet, so I will spend in café or other places. Also I ought to care about licences when I add links or use pictures from Internet. I want to insert the background music, however, it is hard to find a free music. If I must to put music into my website, I should use music stores or use CDs I bought.
Post references from my personnel note.
- Image references are from here
Financial
http://graduateinstitute.ch/lang/en/pid/13977/_/events/cfd/geneva-china-workshop-in-interna
Crowdfunding http://writeonsisters.com/tag/finances/
Public and Private funds http://www.gavi.org/funding/donor-profiles/
Licences
http://howto-uninstall.windowsuninstaller.org/how-to-uninstall-adobe-photoshop-cselements-cant/
Studio hire picture belongs to me and Indyart Hall.
- Word references are from here
Funding http://en.wikipedia.org/wiki/Funding
Corporate funding http://funding.revenueservices.ca/what-is-corporate-funding
Crowdfunding http://en.wikipedia.org/wiki/Crowdfunding
Private funding
http://aeiconsultantswallpaper.blogspot.kr/2012/12/private-funding-in-equity-financing-you.html
Private and Public funding
http://onlineprograms.lcu.edu/ms-human-services/resource/the-Difference-Between-Public-and-Private-Sources-of-Funding-in-Human-Services-0113
Insurance http://en.wikipedia.org/wiki/Insurance
Materials http://en.wikipedia.org/w/index.php?title=Material&redirect=no
2015mirimstudent36 