Enterprise Project Proposal - my enterprise project is a Leeds Comedy festival, that will fill this gap in the market and attract a variety of audiences to this event, by delivering top class acts at an affordable rate and to showcase the best of this art

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Laura McCartney

200384856

“Laughter Lines” (Leeds Comedy Festival)

Enterprise Project Proposal

Friday 3rd December

Laura McCartney

200384856

“An entrepreneur sees an opportunity which others do not fully recognise, to meet an unsatisfied demand or to radically improve the performance of an existing business. They have unquenchable self-belief that this opportunity can be made real through hard work, commitment and the adaptability to learn the lessons of the market along the way”(Martin,D, 2010).

With this quote in mind, choosing an entrepreneur project that has the potential to succeed in an already saturated market was vital. Taking this into account, every major city has a comedy festival, but after research we found that Leeds does not. Therefore, my enterprise project is a Leeds Comedy festival, that will fill this gap in the market and attract a variety of audiences to this event, by delivering top class acts at an affordable rate and to showcase the best of this art form from progressive acts, to well televised acts. The festival will take place from the 10th -13th March next year, in what is proposed to be held in 5 different venues on and around the Leeds University Campus. Therefore, our target market will predominantly be towards students, a market that we obviously have experience in. Having said this, as a company (“Laughter Lines”) we want to make this event as diverse as possible and will also be marketing this event across the city of Leeds.

The festival will run over four days (from Thursday to Sunday), with Thursday night opening as a comedy gala. On Friday night we will run five one hour shows and on Saturday this will be increased to six one hour shows. The festival will be closed in the same way as the opening, with a comedy gala on the Sunday. The pricing strategy will be as follows; a £10 ticket will be sold for the Thursday and Sunday comedy galas, whilst a wristband costing £20 will be sold on a limited edition basis that provides entry to all the events being held across the Friday and Saturday night. We will also promote tickets to be sold on the door of each event for any audience members that wish to see specific events. We wish to start promoting for this event before Christmas in the form of flyers to raise the awareness of the new Leeds Comedy Festival. We have decided to sell tickets and perform further promotional events in the week commencing January 24th, which will coincide with the end of Leeds university exams. We aim to finance this event through sponsorship deals that will we secure early on in the process of the event. A sponsorship proposal has been formulated that will be individually formatted to suit the marketing plan of each organisation we approach, which is discussed in more detail below. To contribute to the success of the event we will also need to secure external partners that will help with the publication of promotional materials and external partners that will provide accommodation for our acts in return for advertising of their organisation in our program. This ongoing process will happen up until the Christmas period.

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Our main external partner is the LUU events committee. We as a company realise the importance of our external partner’s missions and strategies to succeed, in that it will enhance the working relationships if we are all agreed on the purpose of the event. LUU events state that “Our vision: Together we’ll make sure you love your time at Leeds” ( ).Throughout my research it was clear that LUU events had a mission to genuinely please the students at Leeds university and make their time at university worthwhile. Two of their statements express how they want to, “create a vibrant space” ...

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