[MRM]

Start with a real financial evaluation of the potential business. You have to get a real evaluation of how much demand you're going to have or you're just banking on good luck to have the business succeed. And then you have to compare your expenses to that expected revenue. My guess is that when you put pencil to paper you'll be doing well to break even.

Calculate the maximum number of rentals and maximum revenue that could be realized if everything went perfectly. Then evaluate the realistic actual revenue. Count up all the fixed costs that the business/venue will incur. Calculate the variable costs to you for holding each event. Put them in a spreadsheet. Show them to people who are already in the business. Talk to your banker. Just don't go into a business blind because you have a sense it is a good idea and there might be a market for it. Know before you take the leap.