Overall profit chart
This chart highlights each category in terms of profit,income and cost.
Down below, these are the calculated IF statements:
Food - Very good, you are making sufficient profit
Drink - Need to increase sale price or find different supplier
Attractions - Very good, you are making sufficient profit
Advertising - You are making a loss but can be covered
Freebies - Need to remove certain freebies
Staffing - You are making a loss but can be covered
The chart clearly shows that I am only gaining positive profit from 3 categories, which are activities and attractions, food and drinks. Hence these will be the areas we would have to focus the most to gain as much income to cover the costs of the other areas.
Hence if we fulfill our recommended targets we will break even and could even make a minimal profit.
All of the recommended prices have been carefully analysed to make sure all the products and services are affordable and are good enough to invest in. All of this will make sure that we would make enough income to sustain our event.
Down below, these are the calculated IF statements:
Food - Very good, you are making sufficient profit
Drink - Need to increase sale price or find different supplier
Attractions - Very good, you are making sufficient profit
Advertising - You are making a loss but can be covered
Freebies - Need to remove certain freebies
Staffing - You are making a loss but can be covered
The chart clearly shows that I am only gaining positive profit from 3 categories, which are activities and attractions, food and drinks. Hence these will be the areas we would have to focus the most to gain as much income to cover the costs of the other areas.
Hence if we fulfill our recommended targets we will break even and could even make a minimal profit.
All of the recommended prices have been carefully analysed to make sure all the products and services are affordable and are good enough to invest in. All of this will make sure that we would make enough income to sustain our event.