Tiger_Moth87 Posted November 4, 2015 Share Posted November 4, 2015 Got a high misc finances which means I've lost money in the past 2 months for the first time in a while. I'm confused as to where the misc charges are coming from though. I haven't signed anyone new other than a few low-cost developmental contracts; now have I done anything different. Link to comment Share on other sites More sharing options...
Bigpapa42 Posted November 4, 2015 Share Posted November 4, 2015 Did you hit Cult, by chance? Link to comment Share on other sites More sharing options...
James Casey Posted November 4, 2015 Share Posted November 4, 2015 <p>It's... stuff.</p><p> </p><p> You know, things.</p><p> </p><p> Miscellaneous things.</p><p> </p><p> I believe it's meant to cover things like advertising, back office employment and costs, legal fees, insurance, things like that - at Cult, you're expected to be a 'professional' company, even if you don't have the money to do so.</p> Link to comment Share on other sites More sharing options...
Dave_Scott Posted November 4, 2015 Share Posted November 4, 2015 <blockquote data-ipsquote="" class="ipsQuote" data-ipsquote-username="James Casey" data-cite="James Casey" data-ipsquote-contentapp="forums" data-ipsquote-contenttype="forums" data-ipsquote-contentid="40420" data-ipsquote-contentclass="forums_Topic"><div>It's... stuff.<p> </p><p> You know, things.</p><p> </p><p> Miscellaneous things.</p><p> </p><p> I believe it's meant to cover things like advertising, back office employment and costs, legal fees, insurance, things like that - at Cult, you're expected to be a 'professional' company, even if you don't have the money to do so.</p></div></blockquote><p> </p><p> Dude you totally forgot that other stuff. You know, the stuff, that happens. That you pay for. You know what I'm talking about.</p> Link to comment Share on other sites More sharing options...
DreamGoddessLindsey Posted November 4, 2015 Share Posted November 4, 2015 It also covers any embezzling your employees do, at Cult it's easy to lose track of money. Just ask Paul Heyman. <img alt="" data-src="//content.invisioncic.com/g322608/emoticons/wink.png.686f06e511ee1fbf6bdc7d82f6831e53.png" src="<___base_url___>/applications/core/interface/js/spacer.png" /> Link to comment Share on other sites More sharing options...
K-Nection Posted November 5, 2015 Share Posted November 5, 2015 <blockquote data-ipsquote="" class="ipsQuote" data-ipsquote-username="DreamGoddessLindsey" data-cite="DreamGoddessLindsey" data-ipsquote-contentapp="forums" data-ipsquote-contenttype="forums" data-ipsquote-contentid="40420" data-ipsquote-contentclass="forums_Topic"><div>It also covers any embezzling your employees do, at Cult it's easy to lose track of money. Just ask Paul Heyman. <img alt=";)" data-src="//content.invisioncic.com/g322608/emoticons/wink.png.686f06e511ee1fbf6bdc7d82f6831e53.png" src="<___base_url___>/applications/core/interface/js/spacer.png" /></div></blockquote><p> </p><p> That was really funny!!!</p> Link to comment Share on other sites More sharing options...
LoganRodzen Posted November 5, 2015 Share Posted November 5, 2015 Misc. is where your drug testing fees, purchasing arenas, worker bonuses to keep them happy, purchasing title belts, along with your legal / admin fees. Plus who knows what else. Link to comment Share on other sites More sharing options...
DreamGoddessLindsey Posted November 5, 2015 Share Posted November 5, 2015 If he's playing a mod set before 1996, the Misc. expenses can also be bribes for Vince McMahon not to kill your promotion. I love this topic. Link to comment Share on other sites More sharing options...
Nobby_McDonald Posted November 5, 2015 Share Posted November 5, 2015 It's also where expenses go such as alcohol and prostitutes. Link to comment Share on other sites More sharing options...
AfRoMaN36 Posted November 5, 2015 Share Posted November 5, 2015 It's also where expenses go such as alcohol and prostitutes. Just ask Ric Flair. Link to comment Share on other sites More sharing options...
soxfan93 Posted November 5, 2015 Share Posted November 5, 2015 It's also where expenses go such as alcohol and prostitutes. The alcohol and prostitutes that were present at my last event were for myself, and myself alone. That was all paid for out-of-pocket, and not in any way commissioned using the company credit card. Link to comment Share on other sites More sharing options...
DreamGoddessLindsey Posted November 5, 2015 Share Posted November 5, 2015 The alcohol and prostitutes that were present at my last event were for myself, and myself alone. That was all paid for out-of-pocket, and not in any way commissioned using the company credit card. Yeah but the Godfather needed his hos. And the Sandman needed some drugs. Link to comment Share on other sites More sharing options...
AfRoMaN36 Posted November 6, 2015 Share Posted November 6, 2015 The alcohol and prostitutes that were present at my last event were for myself, and myself alone. That was all paid for out-of-pocket, and not in any way commissioned using the company credit card. Have you by any chance employed Ric Flair? Link to comment Share on other sites More sharing options...
dstephe4 Posted November 10, 2015 Share Posted November 10, 2015 It's been touched upon here, but I'll elaborate. These 'misc' expenses are all to do with the difference in size between a Regional and Cult sized fed. If you think about the scale difference between the two it makes sense, from a business / behind the scenes perspective. This is before we get to costs like the New Jack Bail Fund, the Sandman Cocaine Account, the legal expenses of Arn Anderson and Psycho Sid drunkenly stabbing each other in hotel rooms, etc. All that Spandex costs a fortune. And do you think the wrestler's long, flowing hair gets so big and luscious for free? But in all seriousness, it's the day-to-day boring crap that costs all the money. That's what the Misc Costs are. In a Small / Regional fed, the owner and a team of volunteers might store the company's merchandise / ring / equipment in their homes or garages. A Cult sized fed would have so much merchandise and gear they'd need their own warehouse, along with storesmen and admin staff to run it. Big difference in miscellaneous expenses there. You'd need a barcoding system, software and lots of other really non-interesting stuff to keep track of it day to day, which is expensive. A smaller fed would probably just have a spreadsheet on some guy's laptop. In a Small / Regional fed, all ticket and merchandise sales would be done via volunteers via a small website and their own phones. A Cult size fed would need a professional dedicated sales team, complete with telemarketing system, IT, and a shit-load of coffee, plus a fancy office to put them all in. There's a huge difference in miscellaneous expenses there. Advertising in a Small / Regional fed would be done by the owner / booker / whoever, ad-hoc, whenever they got chance. A Cult sized fed would have a marketing team and staff throughout the country selling advertising at shows, doing TV campaigns and promoting the fed locally as well as nationally. This would require not only a big marketing budget, but a lot of behind the scenes expenditure, staff and expense. All miscellaneous. Paul Heyman on a live WWE Network interview bemoaned his lack of an Ad Sales team, saying it was a key reason ECW went under. While obviously a load of shit, Paul E's point illustrates key expenditure needed for a Cult sized fed, which Small / Regional feds would probably squeeze by without. Smaller feds cut out a huge amount of cost thanks to key people multi-tasking and freely giving their own time and resources. But feds get to a certain size and need professionals to run their operations for them. The difference in cost is a kick in the nuts, and can put unprepared feds out of business. Link to comment Share on other sites More sharing options...
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