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Part 3: Income

Part 3

Now you will need to calculate how much money you will have coming in from traders using the Summer Music Festival Projected Income Activity Sheet. You can explore other ways to bring in more money from other sources such as grants from the local council and sponsorship. When it comes to setting ticket prices, you need to base estimates on 2,000 people attending because the weather may be bad and they can’t stretch the budget too much! Ticket prices also need to be set to make a profit and not just cover your costs.