StudentShare
Contact Us
Sign In / Sign Up for FREE
Search
Go to advanced search...
Free

A Formal Business Letter to The Rose Theatre Kingston - Essay Example

Cite this document
Summary
To their advantage financially, is the “bottom line” benefit that can be gained from accurate financial record-keeping and accounting practices. Presently, VAT is able to be reclaimed by theatres, a…
Download full paper File format: .doc, available for editing
GRAB THE BEST PAPER98.4% of users find it useful
A Formal Business Letter to The Rose Theatre Kingston
Read Text Preview

Extract of sample "A Formal Business Letter to The Rose Theatre Kingston"

Your firm Street address/box number Suburb s The Manager/Director The Rose Theatre Borough of Kingston s Dear .. Elements to Consider in Strategic Planning for The Rose TheatreAfter careful analysis of the present context of your theatre, I present to you some thoughts regarding potential strategies to ensure the continued development and success of your business.Theatres, generally, are currently faced with numerous external influences. To their advantage financially, is the “bottom line” benefit that can be gained from accurate financial record-keeping and accounting practices.

Presently, VAT is able to be reclaimed by theatres, a situation consequent to the Lee court ruling of 16th February 2007. Prior to that ruling, as you may be aware, theatres were considered VAT-exempt. A further financial benefit is inherent in the 19% national taxation rate for so-called small business theatre companies. Ensure that your organization is appropriately classified for taxation purposes. As a larger company with profits above £1.5M you may be taxed at 30% of profit per annum.Another salient point is the advantage that British theatres have in their attraction for tourists.

Consider that technology now allows relatively inexpensive advertising on a wider, international scale thanks to the Internet. The inclusion of your theatre on tourist group itineraries could increase exposure of your brand and aid in more consistently achieved full-houses. Further your brand name – The Rose Theatre – is certainly internationally marketable.Home/local productions appear to attract your largest audiences. Careful analysis is needed to identify the ideal balance of productions you stage: would designing your annual program around a majority of such local performances ensure optimum audience numbers, and hence sustainable and predictable margins?

Within this analysis it must be noted that the auditorium at The Rose is exceptionally well-equipped and this factor should also aid in attracting “big name” producers, actors and performers – should more marketing resources be directed at attracting draw card “names” and hence a wider-ranging audience? Finally but perhaps most importantly, the upgrading of the facilities at the theatre, peripheral to the performance hall, must receive priority. The foyer, the ticket sales lobby, and the façade must aid in raising the profile of the theatre.

A strategy to source funding for such improvements is required as many of the proposals in this letter would have their implementation enhanced by a more traditional and inviting “complete” theatre experience at your venue.Hence a summary of three suggestions each of which will help to enable the ultimate priority: planning the correct balance of productions staged both to attract wider audiences; raising the profile of the theatre among national theatre personalities and tourist audiences; and focusing on efficient and effective book-keeping.

Better margins could thus be sustained by ensuring optimum audience numbers throughout the year.A percentage of such potential income could then be earmarked for the physical improvement of the venue, in my view, the ultimate priority. Also the consequent sustainability and profitability of the business will be perceived as reducing risk in the granting of potential development loans from financial institutions.This letter does not comprise a fully comprehensive analysis of your business, nor does it suggest ultimate strategic planning to you.

Rather its intention is to communicate a carefully considered set of informed observations.Please accept it as such and consider its intentions and suggestions favorably.Yours faithfullySignatureFull name

Read More
Cite this document
  • APA
  • MLA
  • CHICAGO
(“A Formal Business Letter to The Rose Theatre Kingston Essay”, n.d.)
A Formal Business Letter to The Rose Theatre Kingston Essay. Retrieved from https://studentshare.org/miscellaneous/1565897-a-formal-business-letter-to-the-rose-theatre-kingston
(A Formal Business Letter to The Rose Theatre Kingston Essay)
A Formal Business Letter to The Rose Theatre Kingston Essay. https://studentshare.org/miscellaneous/1565897-a-formal-business-letter-to-the-rose-theatre-kingston.
“A Formal Business Letter to The Rose Theatre Kingston Essay”, n.d. https://studentshare.org/miscellaneous/1565897-a-formal-business-letter-to-the-rose-theatre-kingston.
  • Cited: 0 times

CHECK THESE SAMPLES OF A Formal Business Letter to The Rose Theatre Kingston

Social Security

Running Head: SOCIAL SECURITY Social Security [Institution Name] Social Security Introduction Social security is a retirement program that provides an income for workers and their families during their lives and especially at retirement.... It can be the only source of income for many retired Americans who have not made any other provisions for the twilight time of their lives....
12 Pages (3000 words) Research Paper

Impact and influence of The Harlem Renaissance

Previously, the crew had been involved in theatre plays that revealed utter opportunities that the people could use in expressing themselves in complex human emotions and characters.... This college research paper is going to review the Harlem's renaissance in music - as it was local music innovation during early 20's and beginning of 30's....
10 Pages (2500 words) Research Paper

The Rose Theatre

the rose theatre still show high attendance levels but most open for opening showings and with higher income audiences.... hellip; the rose has also become a great community resource as it fills the schedules for drama students at Kingston University.... There is also, at this time some political controversy in the change of leadership between Hall who was very much an artistic dictator to the replacement Stephen Unwin (Taylor, 2008) which could in fact affect the rose....
4 Pages (1000 words) Case Study

Great Gatsby, Passing, and Poems of Langston Hughes

s for the Great Gatsby,Nick Carraway, a young man from Minnesota, moves to New York in the summer of 1922 to learn about the bond business.... 'Certainly there is, for the American Negro artist who can escape the restrictions the more advanced among his own group would put upon him, a great field of unused material ready for his art....
18 Pages (4500 words) Essay

Management vs Leadership in Medical Organization

According to the experts the definition of leadership that would be extensively accepted by the preponderance of theorists and researchers might say that "leadership is a procedure of social influence in which one person is able to enlist the aid and support of others in the… S.... 2003, 422-436) The major points of this definition are that leadership is a group activity, is based on social influence, and revolves around a common task....
13 Pages (3250 words) Essay

What the European Union Ought to Be Like

In this way only will hundreds of millions of toilers be able to regain the simple joys and hopes which make life worth living.... The structure of the United States of Europe, if well and truly built, will be such as to make the… Small nations will count as much as large ones and gain their honor by their contribution to the common cause....
10 Pages (2500 words) Essay

Insights of Primary School Teachers on the Main Benefits of ICT Use in the Classroom

nbsp; the rose Review, a longitudinal review that began in 2008 addressed two central concerns.... rdquo; (rose, 2009, para 6).... The author of this research paper "Insights of Primary School Teachers on the Main Benefits of ICT Use in the Classroom" states that teaching in this new millennium entails expedited learning for teachers....
43 Pages (10750 words) Research Paper

Greener Marketing: a Global Perspective

In the paper “Greener Marketing: a Global Perspective” the author discusses the growing global concern regarding the environment.... Consumers have become more environmentally conscious and are trying to avoid further damage to the environment by using those products.... hellip; The author of the paper states that people all over the world are aware of the fact that already a lot of irreversible damage has been done and unless firm measures are taken, the problems of global warming, sudden climatic changes, and frequent natural catastrophes will increase with time....
22 Pages (5500 words) Term Paper
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.
Contact Us