You don't cover yourselves as a group if this fails. You simply go into the red. It sounds like a risky venture that's not paying off. You might be able to open this event up to other local bands, comedians, performers but it all depends on your contract with the band.
It sounds like an interesting idea to look at down the road, but it's a real roll of the dice now.
I agree on not doing it and trying to cancel the contract if you have already signed something. You will be playing catch up for the rest of the year and unable to provide the services that you should be able to provide and a parent group; should you not break even.
You also need to look at how it is going to affect you next year. It just feels like a bad idea.
Don't do it! That is so irresponsible to "hope" that you would even, break even. It's not your money....it's the school's. Think about it...get out of the deal if you haven't already!!! YIKES
Our group has decided to host a musical event night. We only have $1400 right now in our pto account, but group we are having costs $3,500. We are selling tickets for $10.00 a person but would need to sell at least 350 to break even. High hopes that this is going to be a great event, but how do we cover ourselves as a group if it doesn't. In the end we need to pay them $3,500. HELP!!!!!
