Promoting Business...

**Hipster Mike** · 01-28-2011 02:22 AM

Me and a couple of buddies were thinking about running a club promoting business, we already have a DJ, a lighting tech, and a sound producer, that is willing to work for free until we see some profit. Right now we are working with about a $5000 budget, that is including all the DJ equipment which will be rented out, and here are the specs below:

Code:

Medium DJ System
1 x DJ Coffin with:
2 x Technics SL1200 Turntables
1 x DJ Mixer (Rane, Allen&Heath, Pioneer or Vestax)
2 x EAW LA 325 (600 watt Passive Speakers)
2 x JK 218 Subwoofer (1000 watts each)
2 x Crest Pro 8200 power amps (1400 watts per channel)
1 x BSS Minidrive 334 Digital Speaker Processor
(Pioneer CDJ 1000’s can be added for $100 each or substituted for turntable at $60 each)
Rental: $484.00 per day | $1452.00 per week

So now that's out of the way, we got to take into consideration a venue to rent out, we are thinking an outside venue in Berkeley, CA. Berkeley is usually a cheap place to rent out venues, and still have a pretty decent show.

Most of the lighting equipment is taken care of, I have a cousin that goes to school for lighting and he has a lot of his own equipment, (lights, lightingboard, etc.) so I don't think it's going to be that big of an issue. Security is covered from a couple of friends that again are willing to work as a favor until we make enough revenue to pay them.

The only thing that concerns me is insurance on the place, now would we have to actually have to pay monthly for an insurance company, or could we technically insurance on everything separately. So for example when I rent the DJ equipment out, I can pay extra for insurance, and same with the venue.

Any suggestions and advice would be greatly appreciated!