How to Determine the Event Planning Expenses Effectively - PowerPoint PPT Presentation

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How to Determine the Event Planning Expenses Effectively

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Perfectly planning an event budget is always hard. Because event planning cost is associated with several factors like on-site expenses, production cost, payment of third-party vendors and preparing an emergency fund. See the mentioned show to know the steps involved in determining the event planning expenses effectively. – PowerPoint PPT presentation

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Provided by: absoluteamusement
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Title: How to Determine the Event Planning Expenses Effectively


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(No Transcript)
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Unless you have a good idea of event expenses,
planning an event budget is hard.
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Event planning cost is associated with several
factors.
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For finding the event cost, first you have to
identify the expense category.
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So, plan the event expenses while creating your
event budget.
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Go through the points to determine the event
planning expenses.
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ON-SITE EXPENSES
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On-site expenses include the costs and fees
related to the event venue.
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It is the cost which is very easy to predict and
review in advance. Such as
  • Venue costs
  • Food and catering
  • Audio/visual

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Dont forget about the variable cost which
changes with attendance numbers.
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PRODUCTION EXPENSES
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Production refers to the staff and resources
required to plan and execute the event.
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Expenses are begun when you dream up the event
and continue with the paperwork.
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Production expenses are generally refer to
several expenses
  • Event organizing cost
  • Managing administrative elements
  • Attracting attendees

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THIRD-PARTY VENDORS
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Vendors will provide the items and services
outside the host venue.
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Every vendor provides bill independently, so keep
close tabs on them.
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Use a spreadsheet to recognize the vendor
contacts along with service costs.
  • Decor vendors
  • Event rentals
  • Marketing and registration
  • Entertainment
  • Administration expenses
  • Planning and organization

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OVERAGES AND EMERGENCY FUNDS
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In the event, you need to spend your money aside
for unplanned expenses.
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Many planners budgeting 5 to 10 percent for over
anticipated expenses.
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Larger events allocate more because bill per
person may lead to thousands of dollars.
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CONCLUSION
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Outline the different types of event planning
expenses that can occur.
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Overlook the expenses associated with a
particular vendor or category.
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THANK YOU
www.absoluteamusements.com
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