How To Host The Perfect Summer Throwdown: Pay Attention to the Finances

June 20, 2023 by
Photo Credit: Kay Weise

So you’ve decided to host a summer throwdown! Before you head to social media to recruit your athletes and post flyers around the gym, it’s important to nail down several key elements of planning. In our last series, we discussed the need to think through four key elements of the competition before making it official:

  • Logistics
  • Finances
  • Programming
  • Press & Communications

We also dove into how you can plan for all the logistical elements of your competition. If you haven’t already, you can read through that here

Today, we’ll be digging deeper into the financial elements of a competition, and how to make a summer throwdown work for both your affiliate’s, and the competitors’ bank accounts. Here are some questions to get you started.

Do you want to make money or just break even?

Some competitions are designed to be money-makers or fundraisers. Some are designed simply to break even while rallying community support. Here are several financial formats of the competition you can utilize based on your goals.

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