Make a simple budget for an event with the expenses and income of the same. The numbers to guide you are: Venue has a cost of $ 4,000 with pallet (no lights or sound), Talent is $ 5,500 Capacity is 4,500 people You have $ 40,000 to run the event and you have to have at least $ 6,000 in net profit.

With all the basic expenses of an event, prepare:

1. A budget of expenses and income to see the viability of the event wit

1. Projections and estimates of the event's marketing expenses - advertisements and promotions, among others.

2. The history of events similar or equal to the one that is being done.

3. The economy in general and how the future is expected in relation to the event. Here i know consider the event as such with your employer, local, etc.

4. The net profit or excess that the producer can really expect with the resources available (return on investment).

5. The type of financing you select to finance your event (investors, existing funds, borrowed funds, line of credit or prepayments).

2. If you have to make adjustments, leave the original budget and make a second budget with the adjustments so you can see the change.