What will you be doing with this specific amount

Assignment Help Management Theories

Reference no: EM133673905

Var/iance Theatre

Var/iance Theatre is a theatre production company based in Toronto, Ontario. They are currently in the process of compiling their budget and working on acquiring funding for their 2025 production season. Var/iance is a theatre company run by members of the D/deaf and disabled community. Their productions are designed through disability design justice models. They strive to make going to the theatre accessible to all members of their communities. Var/iance is hoping to produce four productions through 2025. They try to keep their ticket prices modestly priced at no more than $25/ticket and also provide complimentary, no-questions asked tickets to anyone who inquires. The usually run a production for 3 weeks (1 show per day, 4 days a week) and their shows usually always sell out. This year, they are planning to run three shows on this production schedule. For their fourth show, they will be running a series of comedic, sketch comedy for a 5-week run, and will be hiring 5 local Toronto-based d/eaf and disability comedians who will each be the lead for one week of the 5-week run. Var/iance's theatre has a capacity of 250 seats. Last year, their operating budget (inclusive of all staff and performance salaries, rent and utilities, materials, marketing and outreach) was about 2.1 million dollars. Their earned revenue from ticket sales accounted for 45% of their budget. This year, they are not sure if they can depend on the same 45% projection since they are running 1 of the 4 shows as an experiment of sorts, without any precedence. Where should they look for the outstanding 55% of their budget needs for 2025?

1. Clearly identify how much you are asking for from each source and provide a RATIONALE for the amount you seek PER source. For example, WHY are you asking for this much? What will you be doing with this specific amount?

2. Clearly explain WHY you are choosing each of these sources of funding.

Overview the IDEAL expected OUTCOMES that will come out of you receiving all of your proposed resources. (i.e, what are some of the IMPACTFUL outcomes of your proposal and project?)

3. Present a realistic CONTINGENCY (back-up) plan should one and/or all of your funding sources not be realized.

Reference no: EM133673905

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