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3: Tour Finances
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Tour Budget
Preparing a tour budget is an exercise in determining allowances and setting limitations. Be realistic but also flexible, taking into account the many contingencies – the “what-ifs” – of touring. Unless there is some intangible rationale that exceeds financial gain, a tour must guarantee that all costs and expenses will be covered by the revenue earned.
The budget will include:
- Anticipated revenues such as performance fees, workshop fees, government grants and more.
- Anticipated expenses, including three categories of expense:
- Pre-Tour: costs associated with selling your tour and preparing to go on the road.
- Touring: costs incurred on the road, including personnel, travel, accommodation, per diems, equipment rental, etc.
- Post-Tour: costs associated with completing your tour, including personnel for undertaking presenter correspondence and reports.
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