Comedian Sebastian Maniscalco performed at Barclays Center instead of Madison Square Garden due to the high cost of four walling the Madison Square Garden arena; running the space without gaining all the employees and paying them out from the money made.
The speaker suggests that event organizers should focus on selling more merchandise to increase revenue, by being more efficient with the process.
Hosting large events can lead to increased brand awareness and exposure, as well as attract potential new customers who may not have heard of the brand before.
The lack of communication and clear expectations during the pandemic puts businesses owners at risk of losing staff who did not realize they did not want to work in the service industry. This especially affects club promoters and venue workers who have to face rent, rates, and taxes while dealing with commission-based or zero-hour contract staff.
The role of luck in success is often overlooked and underestimated by people. In reality, luck can play a significant role in the outcome of a situation and should be acknowledged as a factor in success.