L3Y2 Padlet by https://padlet.com/ashley_watson1/nmdp1h0pu4qb Task 2 Research en-us 2017-09-29 08:59:23 UTC 2026-03-18 01:23:20 UTC hello@padlet.com Sole Trader https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371109 Sole traders have unlimited liability]]> 2017-09-29 09:06:48 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371109 Sources of Finance https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371180 Don't rely on a business loan as getting a loan for a sta]]> 2017-09-29 09:07:07 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371180 Sources of Finance https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371212 Small businessROI = (Gain from investment/over/cost of invest) ROI is a percentage that is always relative]]> 2017-09-29 09:07:14 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371212 Sources of Finance https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371218 Owning a small business:
Crowd funding, bank ]]> 2017-09-29 09:07:15 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371218 Financial commitments :) massacannon900 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371321 National Insurance -
Self-employed means;
Depending on the profits paying either class 2 or class 4 to be able to clean state benefits.

VAT (Value added tax)-
Vat has 3 rates;
 • Standard rate 20%
 • Reduced rate 5%
 • Zero rate 0%

]]> 2017-09-29 09:07:42 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371321 Equality Act 2010 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371398 Merging of: Equal pay (1970), sex discrimination (1975), race relations (1976), disability discrimination (1995), religion and belief (2003), sexual orientation (2003), age (2006), equality act (part 2, 2006), equality act (sexual orientation, 2007)]]> 2017-09-29 09:08:05 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371398 Sources of finance: Small business thesharinganwarriorrants https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371424 Crowdfunding
Bank loans
Games publishers 
Games distributors
Personal investments
Part time jobs]]> 2017-09-29 09:08:09 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371424 Sole Trader https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371440 Self Employed, often running own business]]> 2017-09-29 09:08:15 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371440 Sources of Finance https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371488 Don't rely on a business loan as getting a loan for a start up is near impossible as it will require cash flow to support payment.]]> 2017-09-29 09:08:26 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371488 POINTS OF NEGOTIATING CONTRACTS https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371516 Freelance - Find out minimum wage first and negotiate so its beneficial to you]]> 2017-09-29 09:08:33 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371516 Financial Commitments https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371531 National Insurances
Tax returns - A form on which you report you details of your taxable income and any capital gains if appropriate.

]]> 2017-09-29 09:08:38 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371531 Sole Trader https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371679 Can be started up quickly without too much investment and have complete control. The business is dependent on them and their skillset.]]> 2017-09-29 09:09:19 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371679 Sole Traders https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371742 They have unlimited Liability.]]> 2017-09-29 09:09:39 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371742 Regulatory Bodies (ESRB) https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371746 eC - Early Childhood
E - Everyone
10+ E - Everyone (10+)
T - Teen
M - Mature (17 +) 
Ao - Adult over 18]]> 2017-09-29 09:09:39 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371746 points of negotiating contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371790 freelance - stipulate that your work is yours until you are paid in full.]]> 2017-09-29 09:09:54 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371790 Regulatory Bodies https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371806 ESRB (US)
PEGI (EU)
RARS (Russia)
ACB (Australia)
USK (German)

BBFC (British)]]> 2017-09-29 09:09:57 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371806 Fire Regulation https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371813 - The owner of the business is responsible for fire safety.
- If you have 5 or more people in the business there needs to be a written record kept.
- Regular fire drills. 
- Evacuation plan.
-  Consider the needs of the elderly and disabled.
- Provide fire instruction and training. 
- Carry out risk assessments or hire a professional to carry them out. 
- Have working and usable fire safety equipment and fire extinguisher in the building.
- Clearly mark fire exits.
- Safety test all electrical equipment.

]]> 2017-09-29 09:09:59 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371813 PLC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371914 A PLC must disclose all of their tax Returns to the public ]]> 2017-09-29 09:10:25 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192371914 Health and Safety https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372003 Small businesses
"It shall be the duty of every employer to ensure, so far as is reasonably practicable, the health, safety and welfare at work of all his/her employees" - Health and Safety at Work Act. 1974 (HASAW/HSW).
Ensure all employees are safe otherwise a large fine could occur and this is something you could do without.

Freelance
It shall be the duty of every self-employed person who conducts an undertaking of a prescribed description to conduct the undertaking  in such a way to ensure, so far as is reasonably practicable, that he and other persons (not being his employees) who may be affected thereby are not then exposed to risks that may violate their health and safety.
It is down to the self-employed person to ensure the others around them are safe whilst they are working. ]]> 2017-09-29 09:10:51 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372003 Limited Co. https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372055 A PLC must disclose all of their tax returns to the public for investors.]]> 2017-09-29 09:11:08 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372055 VAT https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372255 Unless you earn over £79,000 no registration for VAT is necessary.]]> 2017-09-29 09:11:54 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372255 Sources of Finance: Freelancer https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372266 Depending on your business, as a freelancer you may not need to raise too much money, therefore a bank loan/overdraft or borrowing from family may be your best option to minimise costs, especially in the early days when you would be considered a riskier investment. 
(Freelanceuk.com)

You may need to have another job on the side, as starting up as a freelancer can be difficult, especially if you are unknown to the sector you are working in.

You can also take out loans from banks, or get a government grant. An example is the Prince's Trust, who consider loans and grants for young people aged 18-30 who are unemployed, underemployed or limited.
]]> 2017-09-29 09:11:58 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372266 POINTS OF NEGOTIATING CONTRACTS https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372340 Kill fee contract: A kill fee contract makes sure you get paid for the work you have already done before the project gets cancelled]]> 2017-09-29 09:12:23 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372340 Limited Co. https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372354 Having a limited company means your name is protected by law.]]> 2017-09-29 09:12:28 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372354 points of negotiating contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372400 freelance - grant clients use for a limited time and you will retain ownership.]]> 2017-09-29 09:12:40 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372400 Equality ACT 2010 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372655 It's not about enrolling people to increase the business diversity, its about providing an opportunity.]]> 2017-09-29 09:14:09 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372655 LTD https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372677 Being a LTD company or with one does not allow you to be sued directly, they would have to go through the business. ]]> 2017-09-29 09:14:12 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372677 Freelancing https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372763 Paying tax through HMRC by providing invoices]]> 2017-09-29 09:14:37 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372763 PEGI Ratings thesharinganwarriorrants https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372889 3+
7+
12+
16+
18+
Indicates the age a game is suitable for.]]> 2017-09-29 09:15:12 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372889 POINTS OF NEGOTIATING CONTRACTS https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372890 Freelancer
"Know what you're worth"
- Don't fall into the trap of doing something for the wrong price]]> 2017-09-29 09:15:12 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372890 Benefits of having a diverse work force https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372978 - Better company image

]]> 2017-09-29 09:15:38 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192372978 Points of negotiating contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373080 freelance - don't ask for per hour wages. contractors assign more value to per hour than a single payment. whether it actually is worth more or not.]]> 2017-09-29 09:16:04 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373080 POINTS OF NEGOTIATING CONTRACTS https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373401 Come to an agreement with the company, which goes into your contract, of protecting your work given.
Important for concept artists]]> 2017-09-29 09:17:41 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373401 Points of negotiating contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373667 freelance - when negotiating contracts, make sure you have some form of legal adviser look over it first to make sure its fair and legal. both parties must be happy with the terms.]]> 2017-09-29 09:18:53 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373667 Equality Act 2010 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373814 Safeguards those who face inequality or harassment due to a characteristic]]> 2017-09-29 09:19:35 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373814 POINTS OF NEGOTIATING CONTRACTS https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373843 (Freelance)
you need to make sure the contract Includes:
1. How much you will get paid
2. What time you will be working
3. When the deadline is
4. Where you will be working]]> 2017-09-29 09:19:45 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192373843 Points of negotiating contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192374162 casual contract - this contract makes an employee only work when needed. this contract is usually used when a job needs filling but is not an everyday job.]]> 2017-09-29 09:21:19 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192374162 Equality Act 2010 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192374179 The employer must consider making reasonable adjustments for a disabled person]]> 2017-09-29 09:21:24 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192374179 https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192886885 2017-10-02 08:24:22 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/192886885 Assorted Terms with Examples https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/193333395 2017-10-03 09:57:23 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/193333395 Zero Hour Contracts https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/193334052 Providing highly flexible hours but unpredictable about receiving work.]]> 2017-10-03 10:00:20 UTC https://padlet.com/ashley_watson1/nmdp1h0pu4qb/wish/193334052