Tag: Budgeting

10 innovative ways to squeeze more from your event budget

Search the Internet for the phrase “event planning challenges” and you will find countless surveys and lists (like here and here) that name reduced event budgets or budget cuts as one of the top challenges facing event professionals every year. In fact, this is such a consistently recurring challenge and issue for meeting and event

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39 proven event planning strategies for negotiating with venues and hotels – Part 1

Note: This post is the first of a two-part series on event venue negotiation strategies. Click here to read part 2 of this article. Not only is finding a venue the biggest decision you will make for your events, but it is also usually the biggest line item expense in your event budget. So it’s

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Average event budget eclipses $20K; minimum budgets becoming more popular with event planners

Event Budget 2014 Study -Event Planners

According to a recent study conducted by Planning Pod, 69% of the 218 independent event planners who responded said that their average event budget exceeded $20,000 (U.S.). The events they planned ranged from small parties and weddings to meetings and corporate events. Among these respondents, 20% said that their average budget fell between $20K-$30K, 24%

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How to handle scope creep when managing events (and clients)

Event Scope Creep - Event Management Tips

Nobody likes to talk about event scope creep even though more than half of all events go over budget. And we don’t like to talk about it because nobody likes to tell the client or the boss that things are going to cost more than anticipated, even if those costs are legitimate and were unanticipated

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How to build an event budget – Infographic

Building an event budget isn’t always the easiest thing to do, which is why we created the How to Build an Event Budget infographic . This walks you through the basics of building an event budget and creating your event budget categories and line items. Feel free to post this on your site by cutting

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5 best practices for creating an accurate event budget / wedding budget

Creating a budget is one of the first tasks to complete when planning any kind of event, mainly because it will drive just about every other decision (venue choice / location, catering, programming, decor, etc.). This is what makes creating an accurate budget so critical to the success of each of your events. After quizzing

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Don’t float (or finance) your clients’ weddings – An Event / Wedding Planner Business Tip

We’ve all had clients that say, “Oh, can you go ahead and pay for that and I’ll reimburse you?” And if it’s a $10 piece of decor or a $30 printing bill, it’s not such a huge deal. But when they start to ask us to float their $1,500 DJ bill, or their $6,000 venue

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