Financial Lessons Learned from Broadway's Spider-Man: Turn off the Dark

Posted on 01/17/2011

The Broadway musical, “Spider-Man: Turn Off the Dark” has been plagued with problems. Organizers just announced that they will be delaying the show’s official opening for the fifth time, bringing the musical’s price tag to about $65 million, according to the Wall Street Journal. Sometimes financial lessons can come from unlikely places—including a troubled Broadway musical.

Nail Down a Plan - According to the Wall Street Journal, the musical’s creative team needs more time to work on a new ending because some people have found the plot confusing. To avoid any mishaps in your finances, make sure you have a straight-forward budget in place. Think of this as a script for your money. The more confusing it is, the less likely you are to follow it.

Learn From Your Mistakes - Lead producer Michael Cohl told the Wall Street Journal that more delays in Spider-Man’s Broadway premier are a part of life. He seems to be unwavering when it comes to his vision for the show, even if that means pushing back the official launch date. In the same realm, if you make a financial mistake, don’t dwell on it. Shift your focus and keep moving forward.

Find a Supporter - We all need a cheerleader in our lives—someone who is there to give us positive feedback, good advice and emotional support. For “Spider-Man” that's Bono and The Edge from the Irish rock band U2. They wrote the music and lyrics for the musical and have been adamant about its quality and eventual success. While you may not be able to find an advocate quite to the level of Bono and The Edge, you can surely find someone to serve as a mentor and supporter to make going through tough financial times a little easier.

Take Some Risks - While having a plan is great, sometimes true greatness can require taking a few risks. “Spider-Man” is definitely taking risks, which is proven by the list of accidents landing cast members in the hospital. With your finances, it’s important to take some calculated risks, while still having a safety net. That way even if you fall, the show will go on.

By Alison Storm

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