Monday, 15 November 2010

Guest Lecture Synopsis and Review - Bruce Fitter (University of Bolton)


Bruce Fitter is a web designer / artist and general business enthusiast currently lecturing at the University of Bolton. With plenty of experience in many different business fields, Bruce has much advice to give and many stories to tell regarding his previous endeavors in the games industry, film industry- and pretty much everything else.

After an unfortunate twenty minute delay at the beginning of the lecture leaving students thinking it had been cancelled, Bruce turned up and proceeded to talk about his business experiences. Immense detail was given regarding what jobs he's covered, how he's handled his money and what contacts he's made, to name a few. It all seemed quite interesting, with Bruce taking opportunity after opportunity and openly sharing his experiences along with his opinions.

While defiantly not the path I wish to go down, Bruce spoke about setting up your own business and what it entails. The definitions of several different business types were given ( Sole Trader, Limited Company and Partnership) were given along with what differences they have. Business Plans were mentioned, harking back to Cameron Thompson's guest lecture a couple of weeks before. Bruce explained that a Business Plan can serve a variety of purposes, showing how your company works, what your business is doing and where it is going.

We were also given an insight into different types of finance, with definitions given for finance sources such as loans, grants, family & friends, banks, profit & loss, balance sheets, cash flow, business angels and venture capitalists.

While not the most relevant lecture considering I do not wish to get too much into the business side of games or set up my own company, I enjoyed the lecture and it's always good to receive advice from an industry veteran.


http://www.bolton.ac.uk/

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