Income -
With the income I need to consider different ways in which I can create income without developing a loss.
A big section within this is sorting out the price of tickets, dividing it between adults, PA students, normal students and other concessions such as OAPs. Another way of gaining income is through sponsorship, this giving a larger budget with as a result a more professional performance, sponsors usually link with the themes of your show for example if you were going to do a traditional greek play you could be sponsored by a greek restaurant, maybe enduring their products within the performance.Other ways you could achieve income would be through merchandise, selling drinks and snacks.
Expenditure -
This section consists venue hire, performance rights, publicity and more.
With Venue hire, this can be quite expensive depending on where it is and for how long you will be residing within it and is always best to get a quote.
Performance rights are something you have to consider especially with what play/show you are choosing to get the rights of. However for my particular project I have chosen to do an original show that I have created.
Publicity can vary from merchandise, posters and advertisements. The usual amount spent on publicity is between £150-£200 however it all depends on the size of your production and the rest of your ideas.
Lastly to always have a contingency in case emergency such as a plumbing disaster, most companys usually put it around 10%.
Profit-
If you have done an effective budget then you should come out with a decent profit. If this is not the case then you need to go over all of your budgeting and see where the problems are occurring.
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