Progress Report

Most recently for this unit, the other students and I discussed with our tutor the budget of our production. We all suggested what resources we need for the show, and how much each will roughly come to. We also talked of the costs for services such as the catering. This is so we can estimate how much money we will spend for our showcase and therefore, how much we will need to make to gain a profit. The reason for this is so the rest of the students and I can learn how to put on a successful show. We talked of different ways in which we could make a profit. One of the discussions that came up was how we would sell tickets for the show; or rather, if we should sell tickets at all. This is because some people suggested that instead of selling tickets, we could let people donate money. This is so that on the occasion, we may find some people have been generous enough to donate more money than what we would have believed the tickets to be worth. Of course, this experiment could also backfire if people didn't donate as much as what we had hoped. However, whatever the amount of money we receive is, it will give an accurate value for our show, and therefore tell us whether the show could have done with an improvement or not.