2016
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This Financial Feasibility Assignment deals with conducting a literary festival at Cambridge
University. This word festival is conducted twice a year and it has gained popularity over the years. It
is a literary festival where there will be great literary works on display for the guests. The constant
support of the Cambridge University has been the most motivating thing for the Word-fest organizing
committee. I have tried to create an operating budget for the same to be able to do financial study of
the festival.
Initial Expenditure
This is a literary festival and so the nature of business is one time or it may be said that it is an
activity based project. And so the maximum concentration of the expenses in the project is on the
initial expenditure involved in the project. Although it might appear that a business of this nature
should not involve huge capital outlays, but it is not true. These can be made more clear in the
following points:
Initial Expenses: The initial expenses include expenses incurred during the pre-operative stage,
wherein money is spent on the project planning, formulation, financial Planning, advisory
services, market research etc. All these expenses are those which one is not usually exposed to,
but a businessman knows the impact of such expenses.
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Legal Expenditure: This type of event requires permission from the government offices and
other competent authorities. Getting the required permission will not only cost a huge sum of
money but it will also eat a lot of time for the organizers. But the organizers cannot move ahead
without getting the green signal from the authorities.
Up-front payment: The whole festival is about creating an environment which is conducive to
literary works and creates an aura around it. This will require setting up of tents and stalls for the
event. The partners for setting up the venue will have to made some upfront payment for the
execution of the project.
b) In this type of project, the major uses of funds have been identified as:
1.Cost of tent and decoration
The festival will require a set-up of tents and decoration to make the festival look elegant.
2.Marketing and Promotional Costs
The event will require at least 25 employees. Since this is not a yearlong event, we do not need
employees on roll. They can be called for that week only.
3.Utilities Expenses
The organizing committee has to incur expenses for the utilities like electricity, water supply etc.
4.General Administrative Expenses
All business has to incur for the general administrative expenses.
5.Miscellaneous Expenditure
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The event has to be promoted on a large scale so as to get maximum foothold. And this will require
promotional campaigns, published materials etc.
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