Mudcat Café Message

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User Name	Thread Name	Subject	Posted
GUEST,PeterC	Guarantees for Musicians (31)	RE: Guarantees for Musicians	13 Apr 12
We do understand that performers would prefer a guarantee - we just can't afford to pay it out of our pockets if the gig flops. When I was involved in running a folk club I did the books, prepared a cash flow forecast and gave the booking secretary a budget based on what we had in reserve plus a worst case estimate of what we would expect to take on average. With good records I could make reliable estimates of the turn out for any particular guest. Once you are paying people you are running a business so you need to be clear about your finances and clear about your objectives.

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