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en•tre•pre•neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
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Old 02-21-2009, 08:09 AM   #46 (permalink)
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* actually, I had thought of speeddating, but its not an ideal venue for it - all the seats are tiered, and facing one way!

Another idea is a live music concert - free entry but the bands have to pay £25 for a 15 min "set", and they can sell their merchandise afterwards to the audience. Trouble there is that setting up bands takes 30 mins minimum, and they all need a soundcheck first.

I'd also have to fill 8 15 min slots, and do a hugely fast turnaround just to break even on the first two hours.
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Old 02-21-2009, 08:42 AM   #47 (permalink)
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Hmmm, I'm not sure how you could get around selling the food and drink. Maybe tell them that you will sell at a markup of 50% and give them 25%? Or some other percentage. Personally, I dont think that the band idea will work for the reasons that you have said. Live tv could be ok, but you need something that will promote talking and set the right mood. Although it depends on the mood that you are going for!
What day are you planning on having it on?
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Old 02-21-2009, 09:09 AM   #48 (permalink)
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a friday. if i do it on a weekend, the 4 hours cost me £920! Its half that on a weekday
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Old 02-21-2009, 12:05 PM   #49 (permalink)
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At my University they used to do the same thing, except FREE. Free ATTRACTS people, and consequently, no one showed. Something to think about. I think it`s risky, University students have a lot more going on than worrying about watching a movie.

Cheers,
Matthew
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Old 02-23-2009, 03:43 AM   #50 (permalink)
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You'd be surprised! all they seem to do is spend their overdraft. That said, they are a tight lot - they wont give to charity because they want value for money.

Free generates no oportunity cost factor. If you charge someone, they will invite their friends becuase if they go by themselves it wont be as good. Additionally, they don't pull out of coming because its an opportunity cost of £3 (ticket price). This is why im selling tickets in advance as much as pos.

Ironicly, "free" will attract less people than "value for money"

... i hope
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Old 02-23-2009, 04:29 AM   #51 (permalink)
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What about guest speakers, we get loads of them here, you only pay £0-4 for it but there's potential for you. You just gotta find some gooduns
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Old 03-09-2009, 12:50 PM   #52 (permalink)
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i think this is a great idea and you should definitely do it if you haven't already.
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Old 03-09-2009, 02:15 PM   #53 (permalink)
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How is the business progressing so far Kaizen?
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