In addition to using the numbers we crunched last week to create a budget that increases your odds of success, here’s another simple use:
One of the hardest things for producers to do is to say “No.” Who wants to say no when a director, a designer, your child, or anybody asks for something? Believe it or not, we would love to be able to say “Yes” to everything. Unfortunately, it’s our job to say no when the request doesn’t assist us with our #1 responsibility.
So, whenever possible, I let my numbers say no for me.
There’s no arguing with numbers. While artistic tastes may vary, numbers are not ambiguous. They are indisputable (as long as they are from reputable sources and triple verified). I find this most helpful during negotiations. And the great thing is, it’s not a negotiating trick or tactic. It’s not a game. It’s just the truth.
For example, with my Backed-In Budget (my name for designing a budget based on what the market is bearing), we know the average length of a run for a Broadway revival. So use it. When an agent asks for something that doesn’t fit in the model, say, “Did you know that since 1984, the average run of a musical revival was only 51.59 weeks” and so on, using the statistics for average attendance and ticket price and so on. Most likely, the model for your production will be higher than the average, so you’ll be able to tell the agent that you’re already above and beyond what the market is bearing, so there is no way to justify additional expenses.
Here’s what I predict will be the response, if you’ve done your homework:
Because there is no response to the right set of numbers.
Want a practical example? When I was negotiating contracts for Altar Boyz and an agent or someone asked for something that didn’t fit in the model, my response was, “If you can tell me the name of an Off-Broadway book musical that recouped its investment in the last 10 years, I’ll give you double what you want.”
There’s a bet I knew I wouldn’t lose.
Again, it wasn’t a tactic or me trying to bully anyone. It was the unfortunate truth. To make it up to the people who were making sacrifices for the show we bonused them with a portion of profits post-recoupment. We kept costs down trying to get us to this seemingly impossible feat, and if we got there, everyone would win . . . and most likely they will earn more than they wanted in the first place.
And we’ll get to recoupment. I’m going to make damn sure that no other Producer can use that same question in a future negotiation. Sorry, guys. 🙂
Even if you think you’re a great negotiator, always let the figures talk first and last. Because numbers are the best negotiators.