Industry day...

Today was industry day where there were number of seminars to help us to create a Business Plan and a viable product. Sessions were: IP- defending and exploiting your intellectual property, Budgeting, Corporate Social Responsibility (CSR) and Entrepreneurs Panel.
I went to Budgeting with Peter Le Voir: I found the session useful as it covered quite a lot of areas:
What do you budget for?/How do you do it?, explaining: revenues, variable costs, overheads/profits, margins. 
As we are going to have to produce a cash flow chart he explained- cash inflows/outflows, gross margins, overheads,capex and working capex. 




We were shown an example of a cash flow chart (including fiqures etc.) however there wasn't much explaination into how those figures were worked out- it looked very daunting/confusing. Hopefully between Emma and I we can work it out. 

I also went to the last session, a Q&A session with company 'PufferFish' http://www.pufferfishdisplays.co.uk/ their product is an image/video projection on a sphere. 




They have worked for/with google, Nasa, Disney, O2, Coldplay Viva la Vida tour and most recently the London Stock Exchange.  




Really interesting talk how the intial idea had developed/technology developed and how the business has grown even during a recession. I think also because the CEO/creator of the company had studied at Ravensbourne doing an MA- it made it even more relevant to us, seeing what graduates of Ravensbourne have achieved.