How to Organise a Gig or a Live Music Event - the Budget

Three times in the last month Ive been asked the question, what do I need car insurance costs do to organise a gig? In reality, when that question selling structured settlement asked it can mean several things: How do I find a venue? How do I sort out the PA? How do I get an audience? And so on.

But there is a stage before all of that: the budget. I would suggest that the moment you start thinking about mesothelioma information an event you should write a budget. that budget spreadsheet informs you of most things that you will need to consider and will also show you the risk, projected profit and the breakeven point. A sample spreadshhet is available to download from that address www.josaka.com/features/2005/Organise-A-Gig/Event-PandL.pdf

If the budget numbers dont look like they are working perhaps the event is not the right thing to be running. If you dont like the level of risk, perhaps you arent cut out to be a promoter.

So the start point is a spreadsheet. that should include all costs and all incomes. The key headings for costs should include: performer cost, PA, lighting, venue hire, marketing, box Antidepressants costs etc. The income is likely to be largely ticket Marketing but dont forget the opportunity to add a sponsor to the event.

The spreadsheet will assist you work out the breakeven point for the event i.e. how many tickets you need to sell to cover all costs. Every sale beyond breakeven is of course profit (exluding any box office commision). The added bonus of creating an event spreadsheet is that helps define all the key tasks to be performed.

The realisation of the forecasted numbers offer in compromise settlement actual figures suggests that all parties have got the deal they were looking for or agreed to. The sample speadsheet also illustrates that everyone else involved in the gig is largely earning a fixed fee and therefore the only person taking a financial risk is the promoter.

So if you are thinking of organising a live event I coomed you to work on the numbers first. that will assist ensure you deliver a great show and have control over the money.

Kevin Harrington is the founder of josaka www.josaka.comwww.josaka.com the site that supports live music in Berkshire, UK. He is also director of marketing for Arkade www.arkade.comwww.arkade.com the mp3 distribution business.