WHAT IS ART?
Festivals are great but there's a reason they aren't on everywhere and all the time. Money. They cost quite a lot to put together and represent a significant risk for investors. They could lose everything if the event fails. It's vital to have a solid understanding of how much your event will cost so you can figure out how much to charge for tickets.
You're going to use a spreadsheet to establish the costs of your event. Don't worry, you're not going to be coming up with everything, just a rough idea will do. The following questions will help you establish some financial details before you get started.
A few years ago a company release estimate for major musical events. You might need to adapt the information but it's a good place to start.