Event Costs v Income

B

blue2262

Well-Known Member
Joined
27 September 2007
Messages
460
Visit site
According to my basic calculation Stafford will have taken in the region of £30,000 in entry and start fees and Oasby will have been more.
Does this mean they have made a profit, does anyone know?
I don't want events to make a loss but I do wonder if the entry fees really need to be so high.
My other complaint is that when events are set to make a loss due to cancellation etc we are all required to contribute, but we don't get a share of any profits. It seems that it is a strange mixture of volunteers and business.
 
Just checked pile in the bathroom (
grin.gif
) and it is March 09 - has a picture of Sascha Pemble and Ive been Dun on the front
smile.gif
 
Hey, cant remember exact figures but BE take a large chuck of entry fee for providing officials/support/insurance etc. They also set fees. As part of my degree I had to activly take part in running a BE event, theres a lot of things to pay for doctor (about £200 a day), vet (same),first aiders, stewards lunch for all the helpers, course changes, jump hire, dressage boards rosettes, prize money the list is endless!
in the end our running costs came to £27,000 and we took £28,000 in fees. Not a lot of money for a hell of a lot of stress.
just my experiences though.
 
blue - you are right, your calculations are really basic.

all you have done is compare what you think the income is and called it profit.

how much does it cost to run the day itself?

how much does it cost to get ready for the day?

how much does it cost to have all those facilities in the first place?

how many people worked for how many days at what hourly rate to put the event together?

how much does a water jump cost (start at £10k and work upwards)?

how much kit do organisers need to make the day work?

next time you are at an event, look at everything around you and wonder how it got there and who paid for it.

then do maths GCSE, then accountancy - or run a business - and learn that cash in is not the same as profit.

i'll give you a clue:

the following things have to be paid for on the day: PA system, H&S advisor, portaloos, vet, two doctors, horse ambulance, two other ambulances, scorer, SJ judge, SJ steward, catering for sponsors and officials, farrier, fence repair team. most of these will have given up something else for the day so if you cancel, you still have to pay them

the following have to be paid for in advance: building the XC course in the first place - call it something like £1k a jump by the time you have repaired them a few times, and £10k for a water jump. preparing tracks and car parks and dressage fields and the SJ arena and not using them for something else all year in case the ground gets damaged - so a loss of income. all weather SJ? that aint free - think £100k for a decent one.

business rates, phone bills photocopying, schedule printing, dressage boards, dressage letters, wing stands, poles, cups, safety cups, timing kit

flags and numbers for the course - every flag costs about £10 - do the maths on that

hours, days, months of hard office work and field work to get ready - how many people...

all of a sudden the fat pile of cash in your pocket looks very thin indeed

if after 5 years of running, investing more money all the time for improvements, taking the collosal stress and risk, the organiser starts to make money, well done them....and good luck. think how many events lst 5 years?

hope that answers the question
 
You must log in or register to reply here.
Top