Wednesday, January 8, 2014

Money Management for Event Planners

The seasoned corporate event planner will (hopefully) undoubtedly know and understand this. However, for those event planners that are new to their offices this info is for you.

It really doesn't matter if you have a large budget or a small budget to work with as budgets are typically relative to the size of your company.

Although appetizers and table displays are important for the look of the room, it's not the MOST important part of the event. Therefore, do not spend most of your budget on these. Shrimp wrapped in bacon, or crab cakes in cherry marinade will not motivate your employees. The MOST important part of the event where money will be spent will undoubtedly be the ENTERTAINMENT.

Entertainment can be in the form of a corporate entertainer that specializes in Mentalism, or a fun Keynote Speaker that talks about how to increase sales.

The day after the event, or even six months after the event, do you think your employees will be talking about how motivating the chicken finger hors d'oeuvres were?


Don't get caught (as sooo many event planners have in the past) spending most of your budget on appetizers and table decorations only to be left with enough money to rent a local face painting clown.

No comments:

Post a Comment