My eventVenue; Red LionCapacity; 300Ticket price; 8Max revenue; 2400

Costs; Artists 500 maxHeadline 300 max ( 150 guaranteed + 1/ticket ) 150 people for max feeSupport 1 100 max ( 25 guaranteed + 1/ticket ) 75 people for max feeSupport 2 100 max ( 25 guaranteed + 1/ticket ) 75 people for max fee

Remaining profit; 1900 on sell outVenue hire; 300Sound engineer; 0Flyers; 100 (1000)

Remaining profit = 1500Break even = 63 people (500/8)

Professional event

ComparisonThere are several comparisons to be made between my event and a professional event. As my budget is a great deal lower than a professional event there are some job roles I could easily avoid to save money. The venue for example, it will not be a huge venue as I have to spread my budget across various job roles to ensure it runs smoothly. Them job roles include performers, the sound engineer, cost of flyers, the venue itself and the hiring of equipment (if needed). As my budget was 2400 after deducting the cost of the venue I then had to create the ticket price in order to work out my possible revenue I could generate. The same needed to be done for the professional event. However, they had to include a huge load of job roles (see above) so their budget was more in the bracket of 180000-20000 just to make sure they break even. When creating a massive event incorporating famous people you have to make sure that everything is done to perfection and that you have the best team possible. It isnt unheard of for disruptions to occur during the process but you have to take risks in order to achieve results. When undergoing a professional event you have to make sure every aspect of the event is covered, this could be from the top of the spectrum being the performers all the way down to the drivers. Even for a small event it is vital everybody participating gives 100% to the process. Without the tour manager, sound engineers, lighting crew, monitor engineers, stage managers, catering crew, instrumental technicians and many more there wouldnt be an event. For such a big event such as the We Are Scientists gig they only generated a small profit of 6475 and even the performers didnt get that much money as after dividing out the costs for the mangers cut and everything else 1618 was divided by four amongst the band members. In comparison, my event the artists received a dived total of 100 (x2) and the main artists got 300 so there isnt much difference considering the size of the events. It seems that the only person to ever generate the most money for any event is the tour manager. However, they can be the person who loses the most money. My event was only held in a small venue but yet I still managed to break even easily and generate a good profit. When looking at both events in perspective it is clear that risks need to be taken to achieve results. Scott Thomas took a risk with his event ask he is not guaranteed to sell out so that can have a huge impact on the amount of money you need to spend on the people participating and the actual event itself. If he does manage to sell out then his profit would be a decent amount of 6000+. However if he doesnt he could easily lose money on this and then hed still have to pay out for everyone hired and he wouldnt even break even. Although with such a major venue it would be almost certain to sell out if the publicity of the event is emphasised. In comparison with an event such as mine, if its a local place you are likely to attract regular people so the use of flyers instead of a publicist is very necessary. It isnt a huge loss if my event didnt make a profit, as the costs arent that high although it would be a shame if I didnt even break even. Looking at it overall I think it would be easier to run a few local events before taking the plunge into a huge event. Unless you have a corporation of people behind you then you would struggle to pull of an event of such a massive scale.