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finance system
| shapy | Posted on 07/05/07 at 18:00:05 hey...not sure how many people use one (either your own or some other program out there) but i have come up with a pretty nice system for managing your fed's money. before i go into detail and outline how it works, is anyone even interested in the idea? it basically consists of you choosing a fed type (small indy, national, and so on) and receiving X amount of dollars when you start up. depending on which fed type you are, there are certain stipulations you must follow in order to use the finance system fairly. each show you run, there are 3 costs (arena rental, roster/crew/other talent, and how much "hype" you choose to pay for the show) and there are 3 revenue opportunities (rating, concessions, and ticket sales). i've been using my system for a few cards already and i do like it. if you want me to post a detailed set of rules -- please let me know. also, what's your input? |
| wicked_rex | Posted on 07/05/07 at 19:53:03 Hey, that sounds pretty interesting to me (personally). I can't speak for anyone else on the boards. I'd like to get some more information and I could try it out with my circuits. Thanks |
| lazy_duck | Posted on 07/06/07 at 03:24:31 I use a modified one that has been floating around the boards for a while, but I'm willing to try another |
| shapy | Posted on 07/06/07 at 09:43:46 first, i want to say that i'm not claiming this to be 100% perfect or the best idea out there, but it is something i've come up with and think works pretty well for me. there are really only 3 things you will need in order for this to work: access to the internet, a calculator, and a grid-like chart that either you hand make or use in some sort of MS program. i'd really like some feedback -- positive and negative. so here goes.... -- you choose what type of fed you're going to have. there are 4 types. which ever you choose, you must follow all restrictions, stipulations, and/or guidelines in order for it to work. -- build your roster in accordance to the fed you chose. this includes wrestlers, managers, commentators, announcers, commissioners, etc. -- you can begin to run cards. but now you must choose a "hype level." there are 6 hype levels and it is how you determine what variables will be used in order to determine spending costs and revenue for each card you run. essentially, the higher the hype level, the more you spend, but you can also stand to profit more too. in my experiments, i decided to run 3 types of cards: house shows, TV, and pay per view. you don't have to run all three types of shows, but it will help you make more quicker. i reccommend coming up with a tour name for the house shows during each hype level, but not neccessary. determining the hype level is up to you. again, according to what kind of fed you choose, you may be restricted to the levels of hype you can run. whatever level you choose, is the same level that every card will be run on from pay per view to pay per view. for example: my next PPV is SummerSlam in 2 months. i pick the hype level i want and every house show, and TV show is run under that hype level, including summer slam. after the PPV, i can now pick a higher or lower hype level. that new level will not change until after my next PPV. so here's the set up, pick your fed fed rating/start up money: 1 / $225,000 description: local indy ("insert state name here" championship wrestling) talent on roster must have at least: 4 M.E. and 1 S.S. levels of hype can run: 1,2,3 stipulations: none fed rating/start up money: 2 / $550,000 description: territory indy (ECW circa 1996) talent on roster must have at least: 6 M.E. and 2 S.S. levels of hype can run: 2,3,4,5 stipulations: can not run consecutive low or high hype levels fed rating/start up money: 3 / $800,000 description: new national (TNA) talent on roster must have at least: 6 M.E. and 4 S.S. levels of hype can run: 3,4,5,6 stipulations: can not run consecutive low or high hype levels fed rating/start up money: 4 / $1,200,000 description: global (WWE) talent on roster must have at least: 6 M.E. and 6 S.S. levels of hype can run: 4,5,6 stipulations:none M.E. = main event wrestler S.S. = superstar wrestler your fed will come with a world title, a set of tag team titles, and 1 minor singles title. any other additional championships you wish to have will cost $800 per title. (another set of tag titles would cost $1,600) so it's better to wait and turn a profit before you jam a lot of titles in your fed. a fed must have accurate talent and money to progress to higher fed level select your roster, and here is how they will be paid per show: talent rating: 1 description: jobber/developmental/other** salary per show*: stipulations: can not hold any championships; can not have a winning record talent rating: 2 description: low-mid card salary per show:* stipulations: can not hold any championships talent rating: 3 description: main event (M.E.) salary per show:* stipulations: can not hold World championship talent rating: 4 description: super star (S.S.) salary per show:* stipulations: none * all talent used on show, wrestling or just making an appearance, gets paid in full. ** consists of managers, ring announcers, commentators, commissioners, or any other NON-wrestling character (except referee's, they are included in crew costs) here are the hype levels: hype level: 1 house show: $1,000 TV: $4,000 PPV: $7,000 tickets sales % range: 10% - 80% stipulations: none hype level: 2 house show: $2,000 TV: $5,000 PPV: $8,000 tickets sales % range: 20% - 90% stipulations: 2 M.E. and 1 S.S. @ every show hype level: 3 house show: $3,000 TV: $6,000 PPV: $9,000 tickets sales % range: 35% - 95% stipulations: 4 M.E. and 2 S.S. @ every show* hype level: 4 house show: $4,000 TV: $7,000 PPV: $10,000 tickets sales % range: 50% - 100% stipulations: 4 M.E. and 2 S.S. @ every show; 3 S.S. @ PPV** hype level: 5 house show: $5,000 TV: $8,000 PPV: $11,000 tickets sales % range: 65% - 100% stipulations: 4 M.E. and 3 S.S. @ every show; 4 S.S. @ PPV*** hype level: 6 house show: $6,000 TV: $9,000 PPV: $12,000 tickets sales % range: 75% - 100% stipulations: 5 M.E. and 5 S.S. @ every show**** M.E. = main event wrestler S.S. = superstar wrestler * a level 1 fed needs to establish 2 S.S. before they can run a hype level 3 ** a level 2 fed needs to establish 3 S.S. before they can run a hype level 4 *** a level 2 fed needs to establish 4 S.S. before they can run a hype level 5 **** a level 3 fed needs to establish 5 S.S. before they can run a hype level 6 a hype level changes at the first show after a PPV -- you notice the ticket sales % range. this is a meter of how much (percentage wise) your show can sell tickets. it makes sense that if you have a low hype level, you can't expect sell outs. contrary, if you run a high hype level you should expect to sell at least the majority of tickets. -- the amounts listed under each type of show is how much you will pay to put on that type of show under that hype level. -- also notice that you must have a certain amount of talent at each show. it makes sense that if you hype the hell out of something, you gotta have top name talent at every show to make people happy. if you don't hype a show, then you don't need as much talent to appear. pay attention to how your roster is marked because not having the proper amount of talent (main event or superstar) at a show can cost you a fine. i'll come back to how to determine ticket % sales, but i want to finish all the COSTS of running a show first. here is how you will pay your crew, which consists of refs, camera men, and various workers who setup the ring, entrance, etc. it makes no difference what type of fed you are. the crew costs only matter on the hype level and type of show hype level: 1 & 2 house show: $500 TV/PPV: $1,000 hype level: 3 & 4 house show: $1,000 TV/PPV: $2,000 hype level: 5 & 6 house show: $1,500 TV/PPV: $3,000 the final cost of running a show is the arena. there are of course restrictions on what type of arena you can select. you will have to refer to www.worldstadiums.com for a lot of this unfortunately. i'm brand new to that site and it seems fairly easy to navigate, so i'm sure it can't be too big of a hassle. if you select a small state indy fed, you should obviously only pick places in that state. now, to detemine what you pay to use the arena is actually just the capacity of said arena. example: according to worldstadiums.com, rfk stadium in washington dc holds 56,454. so to use that facility will cost you $56,454. fairly simple there. but here is the restrictions for MINIMUM capacity amount when selecting an arena/stadium for a show. it makes sense that if you have a high hype level, you will want to sell as many tickets as possible, so you must select a large enough facility to hold all the people. contrary, a low level of hype will not attract many people, so you can get away with a smaller place. hype level: 1 house show: any TV: any PPV: any hype level: 2 house show: any TV: 4,000 PPV: 6,000 hype level: 3 house show: any TV: 5,000 PPV: 8,000 hype level: 4 house show: any TV: 6,000 PPV: 10,000 hype level: 5 house show: any TV: 7,000 PPV: 12,000 hype level: 6 house show: any TV: 8,000 PPV: 14,000 Actual capacity = cost for arena use Refer to www.worldstadiums.com Not listed: Viking Hall (ECW Arena) - Philadelphia, PA (1,131) Manhattan Center Studios (Hammerstein Ballroom) New York, NY (2,500) so here are your 4 costs every time you run a card: 1- hype level 2- combined cost of wrestlers and other talent 3- crew 4- arena now your revenue... as of now, this is the best method i've come up with. for several days i played around with numbers, formulas, and so on to make everything on an even scale. you may think there is too much physical math involved, and you may be right, i kind of agree, but for now, this is it.... to configure your tickets sales % you will need dice. yes, dice. i'm not a "gamer" or anything like that, but its the best way i can think to draw out a number at random. here is an awesome site you can refer to when in need: http://hamete.org/dserver/dice select the d100. it will roll a number between 1 and 100. whatever number you get is your ticket sales %. unless you roll a number lower or higher than the range allowed by the hype level, then you roll again until a number falls in between the range. write that number down. on a side note, if you really know how to do math, then for shits and giggles you can see how many people attended your show. example from before: rfk stadium holds 56,454. i roll 84. so 84% of 56,454 is 53,067. that's how many people came to my show. ok, now back to your number. lets stick with my 84%. i was running a level 5 hype. this is where i may lose you. take that number and subtract it from 100. even if you run a lower hype level that does not go to the 100 range, you subtract your number from 100. 100 - 84 = 16 now refer to the hype level you selected. reverse the number scale for the hype numbers. example: hype level 1 = 6, hype level 2 = 5, hype level 3 = 4, hype level 4 = 3, hype level 5 = 2, and hype evel 6 = 1. multiply the reversed hype level number with the number you got from subtracting. again, i had a hype level of 5, so my next equation would like: 16 x 2 = 32 now the final equation you have to do is divide the so it would like this: that is your revenue, next is your concessions revenue. its slightly easier to configure take your original ticket sales % (my case 84%) multiply that number by the hype level dollar amount minus a zero. my case is a PPV at a level 5 hype. that's $11,000. here is my equation: 84 x 1,100 = 92,400 thats the revenue, $92,400 the last revenue is ratings. there will be no ratings for house shows, so you can not receive this added revenue for those shows. and like most of this, there are restrictions that apply to the hype level you selected. it makes sense that if you have a high hype level, you will get more people to watch, so the minimum rating you can get is set. if you have a low hype level, not that many people will watch, so you can get any kind of rating. here are the restrictions. hype level: 1 minimum rating: 1.1 hype level: 2 minimum rating: 1.5 hype level: 3 minimum rating: 2.2 hype level: 4 minimum rating: 2.6 hype level: 5 minimum rating: 3.6 hype level: 6 minimum rating: 4.5 maximum rating for any level is 6.6 you will have to refer back to the dice site, http://hamete.org/dserver/dice select the 2d6. this will roll 2, 6 sided dice. you will get 2 numbers from 1-1 as the lowest and 6-6 as the highest. if you roll a 1-6, you can not make that a 6-1. the sum of the two numbers means nothing either. if you roll lower than the minimum rating allowed by your hype level, then roll again. for my PPV, at a hype level of 5, i rolled a 6-4. that's to be interpreted as a 6.4 rating. now to configure your revenue, drop the decimal and just make it 64. whatever the number you get is all the way from 11 to 66, you always multiply it by 3. so for me, the equation is: 64 x 3 = 192 now take that number and multiply it by the hype level you selected but with a zero. my hype level was 5, so my next equation would be: 192 x 50 = 9,600 that is your ratings revenue, $9,600 ok, so of course you must add all the costs then add all the revenue. you will have two sums. one for cost and one for revenue. subtract cost from revenue. (R - C). hopefully you don't get a number thats negative. if you do, and that may very well happen a few times, then you subtract that number from your balance because essentially, you lost money on that show. but, if you get a positive number, that is all your profit and add it to your balance. there are some more little things that i came up with to implement into your fed when using this finance system, such as renewing contracts, how long you pay a wrestlers marked as a superstar when he's not winning any matches, and so forth. this is pretty much the meat and potatoes of the finance system i came up with. before i start typing all the little things you can do to make it more fun, i just wanted to get this out there first for some feedback, advice, input, comments, etc. PLEASE tell me what you like, don't like, would change, and so on. ask whatever comes to mind. in another post, i'll describe how i charted everything into "the books" where i detail all the finances and my balance. |
| wicked_rex | Posted on 07/06/07 at 15:50:16 This looks like it'll be great to use. Too bad I'm horrible at math, but I should be able to wrap my brain around this. Couple questions: 1) Is there a set limit to how many people can be on the roster and length of contract? 2) Is there a set "schedule" (i.e. how many house shows a week, etc.)? |
| shapy | Posted on 07/06/07 at 17:40:39On 07/06/07 at 15:50:16, wicked_rex wrote:This looks like it'll be great to use. Too bad I'm horrible at math, but I should be able to wrap my brain around this.1, no set limit on how many you can have under contract. you do need to have the right amount of labeled main event wrestlers and superstar wrestlers. but, you should realize that depending on which fed type you choose, you can only afford so many talents at once. no set length for contracts either. thats up to you. 2, no set schedule. you may have as many house, tv, or ppv's as you wish. the hype level will remain the same until you have finished a ppv. if, by chance, your first show ever in your fed is a ppv, then choose a hype level for that, and then, the very next show - either house or tv, will begin the new hype level you choose until a ppv. depending on how often you run a ppv, that could be every week, every month, or every other month. totally up to you. i'm glad to hear you're gonna try using this. i know i implemented a lot of math, but really, once you do this 2 or 3 times, you get it. i'll post how i arranged "the books" in just a little bit, so check back if you want... |
| wicked_rex | Posted on 07/06/07 at 17:46:00 Damn! I had just sent you a PM, and I look back and you replied... I'm thinking of running a new "indy" fed with a weekly TV show and about 3 House Shows a week (with one monthly PPV every 4th week. |
| shapy | Posted on 07/08/07 at 09:32:25 as for keeping a record of your finances, this is how i have arranged mine. i'm using microsoft works spreadsheet. ofcourse, you could use whatever program you choose, or even hand write it all in a notebook. imagine all these listings that are in CAPS as one row with a column for each. this is how it would appear IN ORDER, from left to right. i've put my own listings as an (example) DATE (5/19/01) EVENT (wrestle palooza (ppv)) LOCATION (washington dc) ARENA/CAPACITY (rfk stadium/56,454) HYPE LEVEL (5-$11,000) TALENT/CREW COST* ($93,000) ---------------------------------------- TOTAL COST ($160,454) ---------------------------------------- TICKET SALES ($34,375) RATING ($9,600) CONCESSIONS ($92,400) ---------------------------------------- GROSS REVENUE ($136,375) --------------------------------------- PROFIT {R-C} ($ -24,079) --------------------------------------- BALANCE ($775,921)** * this talent/crew cost is a combined cost of ALL talent and crew. this includes wrestlers, managers, commentators, EVERYONE that is visibly used for part of the show (except refs- they're included with the one crew cost) and remember, you have to pay talent NOT used half their salary **my remaining balance comes from the $800,000 i started with when i chose my fed as a level 3 now, you probably noticed i lost money on this. that's ok. it's to be expected from time to time. you really make your money back on the house shows. also, notice that i put all my COSTS first (arena, talent, hype) got that sum, then listed all my revenue (tickets, concessions, rating-- applies only to tv and ppv) got that sum and subtracted the COST sum from the REVENUE sum. hopefully its positive, not negative. but anyway, this is how i do it. again, PLEASE give me some feedback, ideas, suggestions, questions, whatever comes to mind. thanks! ****please refer back to my earlier post, i've made some changes...the cost of talent is lowered and the way you determine your ticket sales is slightly different***** |