Blog three
Petty cash
There should not be any cash needed at the Hull Media
Showcase event, the venue, refreshment for guest and equipment should have
already be paid for. While the bar at the venue should be opened for any guest
wishing to purchase further drinks from the one provided, this will fall under
the responsibilities of the venue manger(s) which Hull media showcase would not
pay or be responsible for.
Fees
Event Scotland (2006 P: 66) advice to avoid paying fees at the
event, but paying before as this would make the event preparations much easier
and also for security reason. Paying in advance will have it privileges as
event Scotland have pointed that it gives you security, for example, not paying
the florist in advance would give him/her an option to opt out of delivering on
the day of the event, however advance payment means that you have a contract
and the person had to deliver as promised.
“Ensure you get a proper receipt for any cash payments” Event
Scotland (2006 P: 66), this is an advice Hull media show case will be following
as receipt is a prove of contract/bound between Hull media showcase and the
seller which will save time and money if
anything goes wrong.
Security
Hull media Showcase will run from mid evening to night time,
the could increase of risk of petty theft however none of Hull Media Show staff
will be collecting money or paying fees on the night so this should reduce the
risk factor of been robbed on the night of the event. Hull city previously had
the highest crime rate, however Hull daily recently reported in 2012 that Hull
saw a 14% decrease in crime.
Entrance sales
At the moment Hull Media Show is still debating if adding an entry fee is an appropriate move considers the audience.
It is important to get a realistic ticket price, one that will make sure that the both the event manger and guest are satisfy. As the aims of this event is not to make profit but to entertain our guest, meeting the guest's needs and expectation are far more important more so if there is an entrance fee.
Making sure that the audience gets value for money and does not feel cheated is highly important as thus could determined wither they are going to attend or not.
Research into Previous Hull college final year showcase (2012
BA graduate) event have not charged an entry fee.
the stall holders however will be charged for their stalls
which should be clearly stated in all document sent out as Scotland events
advice on page 74, this will not only act as evidence in the case of a disrupt
but will also ensure that all parties are in the same page about what is needed
from whom. Including a when and how of payment will ensure the money is
collected on time. All dealings with money should also be recorded so it can be
accounted for.
Public funds
getting the support of local authorities can help the event be more effective and successful. Scotland (p: 75) events suggested that "events supported locally are more likely to be susbantial in the long run as they fit with local strategies”.
Hull Media Showcase has been liaising with Hull bid trying to persuade them to not only contribute or attend the showcase but to get involved. Even if this just to include their name on flyers and information packages for the showcase. As one of the aims of this showcase is to make this less a student event and more towards a respectable young professional event, hull bid name and involvment will encourage this and will also help sway the minds of other business to get involvement.
getting the support of local authorities can help the event be more effective and successful. Scotland (p: 75) events suggested that "events supported locally are more likely to be susbantial in the long run as they fit with local strategies”.
Hull Media Showcase has been liaising with Hull bid trying to persuade them to not only contribute or attend the showcase but to get involved. Even if this just to include their name on flyers and information packages for the showcase. As one of the aims of this showcase is to make this less a student event and more towards a respectable young professional event, hull bid name and involvment will encourage this and will also help sway the minds of other business to get involvement.
Part of hull bid’s mission is to
bring more events and entertain to the city centre of Hull, “In addition to supporting such major festivals
such ast the Freedom Festival, Hull BID has organised its own activities to
keep the city on the entertainment map” (http://www.hullbid.co.uk/page/marketing-and-events).
Hull bid helps to support both small and
large event that will help put Hull on the map. The Hull Media Showcase is an
event that aims to do this; we are aiming to invite influential business men
and women from both inside and out of Hull to the networking and showcase
event.
While Hull bid might not be able to help finically,
however there are other provisions and service in kind that go a long to help towards
the event as mentioned above. Hull bid works with big and small business that
gets new letters and emails from them, spreading the words/invitation out to
some of these business would benefit the HMS event as these small and large
business are the targeted audience for this event.
Scotland event (p: 75) events however
also highlight some negative attribute to having a sponsor or stakeholder, one
of them been that authorities are “unlikely to be the sole investor in your
event”. With this said, all HMS event member have all agreed to invest money
and their time to organise the event so any authority wanting to invest will
not be a sole investor.
Another point made by the Scotland events
(p;75) is that the investors/sponsor will want something in return or might be
wanting to change the programme, this would result in changing the event’s
purpose and aims. Scotland events (p: 77) advices event organisers to make sure
that they research potential sponsor and investor to ensure that the event and
the investor has the end game and objectives because “when a company sponsors
an event it usually means that it provides cash for a number of benefits”
Commercial
sponsor
Some events have to hire out a
professional to look for potential sponsorship and stallholders and there are
some benefits to hiring out a professional.
a professional would have lists of contacts which will be more effective
than having to research contact details, however as this is a small event with
a small budget, one of the members has been elected to research and look into
sponsorship and potential stall holders at the event. This is save the event
from hiring out a third party and also save the event money.
