Venue Management
Notes on venue management strategies and case studies.
Unlike ticket sales, which are fixed. Ancillary income can include multiple revenue streams and is only limited by your operations team’s imagination. In addition, ancillary income can help you keep the doors open and make money in less-than-ideal concert situations.
Your business needs stakeholders to survive. From customers to employees, vendors, and even the community you operate within all have a stake in your operations. Jeremy discusses how to achieve balance between these competing groups. You can read more about Jeremy’s views on stakeholder management by clicking here.
This week’s advice is to remember that entertainment is qualitative and numbers don’t lie when managing your venue.
The Balanced Scorecard is a strategic instrument that organizations use to analyze the core components of their operational efficiency and how they relate to the bottom line. Fundamentally, Scorecards tackle four elements of business operations. Finance Internal Processes Customer Learning and Growth Inexperienced managers primarily focus on the finance aspect of the business. They […]
Note: The following article is copied from my LinkedIn feed. Follow me by clicking here. Stakeholder management is vital to a business’ success. Not to be confused with the financial “shareholders,” stakeholders represent all the persons with a “stake” in your company. This can be anyone from customers to employees, suppliers, and shareholders to […]
Click Here to Read Cashless Sales in the Festival Industry Opens the Door for More Efficient Venue Operations from my LinkedIn feed.
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