Originally Posted by SLBalla860
So if it keeps growing, why do the prizes get smaller? Im just curious?
Each year I look at our budget (revenue, expense, profit/loss) and make adjustments to help guide the results we're looking for.
The first year was a loss - we didn't have many teams in the league and we had a lot of investments to get it up and running.
The second year we cleared 4.5% margin - not exactly a successful business model.
The third year we came in closer to 17% - still not a great business plan but getting better.
We're going to keep tweaking the model till we get it right.
We had also planned on expanding out to other area fields when we had set the prizes the last couple of seasons and that just never really happened.