POSITIVE THINKING

WARNING, THIS IS PROBABLY THE MOST PERSONAL LIVEWORKS NEWSLETTER I’VE EVER WRITTEN.  READER DISCRETION IS ADVISED

Lately it seems that I’ve been identifying myself more by the last two-years of temporary defeats with my food festival, rather than the 20-plus years of building successful events.  After living life with the motto “failure is not an option” I’ve let the loss of money and reputation dictate who I am and how I’ve acted.  With the economy being what it is and the number of books and articles written on the subject, there are probably others out there in a similar circumstance that could learn from my experiences. 

Look at any successful person in life, no matter how you measure success, and you will most likely find confidence.  The fact is that there is almost nothing we can control in life.  Certainly what’s occurred in Haiti, New Zealand, and now Japan proves that.  The only things we really do have control of are our thoughts…and depending on the way we are wired, these thoughts can lead to success or failure.  The key is to not stop thinking…and thinking positively

Having a motive other than money is another important factor to success.  In my case, 2009’s trial run of the food festival concept was just that.  Never in our wildest dreams did we expect to make money and draw the crowds we did.  The idea was simply proof of concept and to make sure everyone (guest, talent, restaurants, promoter, staff, and press) had a good time.  With just a few technical glitches involving our cashless payment system and lack of staff as the doors opened, the first few hours of the show failed to fulfill either goal as lines grew to “amusement park size”.  Moving forward, we could fix the operational issues.  Success was within grasp.

The money was an all together different story.  We refunded everyone’s money in 2009.  In fact it was the first time I ever put significant personal money into a project and after seven-figure losses, had no idea how to support my family.  Not only was our savings wiped out, we had no real income to speak of.  Without loans from family and friends we would have never made it.  Lesson learned… having family and friends that care about you can change your life.  Cherish what’s important. 

Moving into 2010, there was only one goal on my mind; to make the food festival successful….which to me meant making money.  After a falling out with our previous partners, we went to what we considered a logical place to hold our events, football stadiums.  They had the perfect lists to market to (season ticket holders) and plenty of room for us to setup.  Unfortunately although we did factor weather in…it wasn’t not enough…and our marketing partners that had done such a wonderful job on our show in 2009 didn’t exist in 2010 (radio, print, online, clubs, etc).  Price also became a concern.  In 2009, we had ancillary charges built into our ticket price…and they totaled only $10.  This would not be the case with 2010.  As the shows came closer to playing, our pre-sales were not picking up as they had in 2009.  In hindsight, we should have cancelled the shows…but we were broke and thinking of money. Somehow we would be able to fix what’s broken and wrap strong.   

We didn’t wrap strong.  In fact without going into too much detail, we ended-up losing even more money.  The food fest owes more money than it ever grossed.  In my mind, I felt like a loser…and that has been the image I’ve been projecting ever since.  All the years of the Aspen Conference, HORDE Festival, MTV Campus Invasion, Woodstock, Jeep Tour, our cruises, etc…meant nothing.  If my 13-year old said I was a loser, I was a loser. 

Then something weird happened.  Investors started getting interested in the food fest idea.  Actually, the fact that we were two-time losers…wanted to pay all our debts…and wanted to try again…all worked to our favor (who knew???).  Although the number of people we drew in 2010 was soft, our food and beverage numbers were record-breaking.  If we could put the numbers from 2009 together with per caps from 2010, we have one strong show.  All of a sudden we were thinking creatively again. 

For one thing, I never wanted to look at bankruptcy as an option.  We owe money and I would rather raise the money, pay everyone back and move forward than walk away from those that trusted us…that trusted me.  Again to my surprise, this had also worked to the fest’s favor.  You see, one of the things investors like besides making money is doing business with people who have shown integrity through their careers.  They were happy we wanted to pay our debts versus declaring bankruptcy.  Gee, maybe I should have lost more money (just kidding of course).

The last two years have been the worst of my life.  Getting sick, death of family and friends, nothing has had the collateral and emotional damage that losing everything and letting people down has had.  Yet the moment I started thinking…positively… things began to change.  I went back to the computer to make sense of the numbers…combed through every note from every meeting…every email…and all our post-mortem meetings. This could be fixed.

As of today we are holding dates in multiple cities for an even better food fest concept and will have a few new partners (investors, promoters and brands) to help us along the way.  We aren’t there yet but we sure are getting close. 

There will be a new food fest in 2011…along with more cruises, festivals, and the biggest Aspen Conference in our history this December.  All this change with a simple attitude adjustment… and positive thoughts… of something other than money. 

I would like to thank all the family and friends that believed and continue to believe.  I would like to thank our staff, vendors and talent.  I would like to thank my heroes Abraham Lincoln, Walt Disney, Bill Graham and PT Barnum for continuing to show me the right road.  I would like to thank all of those authors that have written books and articles that have influenced my thinking.  And I would like to thank you for reading the LiveWorks Newsletter.

Keep Thinking…Positive Thoughts!

Best,

 Jim

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