George Clooney has just visited Highclere Castle near London to consider using it for his wedding. Highclere Castle is where Downton Abbey is filmed.
I was once asked to visit Highclere Castle and give them ideas how they could raise money through events because it is such an expensive place to manage.
Since the amazing worldwide success of Downton Abbey, there are more people visiting the castle and they are now charging $25,000 to hire it as a wedding venue.
What they are worth…
One Direction boy band are worth £14m EACH. That’s not bad, considering they were the runners-up on X-Factor 2010.
Talking of X-Factor, the man behind X-Factor and the Talent shows (Mam Talent) is Simon Cowell. He manages One Direction and he is worth £300m.
Elton John: £260m
Mick Jagger: £215m
David & Victoria Beckham: £210m
Roger Waters: £160m
Still up there, is Paul McCartney. He is worth £710m
With venue management and event management, the golden rule is CONTRACT.
Everything and everybody must be contracted. Even the things that are free must be contracted so that each person knows their responsibilities; the timings; the address… The supplier must know what time to deliver the goods, and to where, and to whom, and how many to provide. And, he must feel obligated to deliver them!
If it is the hiring of a venue, or the supply of drinks, or the amount of chairs and tables, or even the waiters and bar staff… do it with a contract!
You wouldn’t begin a job without a contract, would you? So, why run a venue or organise an event without contracts?
And, if you are employing somebody to do something, it is not fair – nor professional – to expect them to do it without a contract.
Contracts are designed to protect both sides. They should be equal and fair. They are for what happens when things go wrong. The thing is – without a contract things will go wrong.
So, on Planet Earth: no contract means no job.