Budgets

Let’s Blog about Budgets
Event Planners are a huge advantage to their customers’ Budgets.
Today’s economy has to be concerned about budgets.
Whether you are planning for your business
Or for an event like a Bar Mitzvah or Wedding -Budgets are a huge part
Of today’s everyday life.

What’s in a Budget?
Well to start it is an expense breakdown.
The most important part of a budget is having all the necessary information.
Budgets should start with the actual breakdown of the event.
As an event planner I believe we all must spend wisely and be budget conscious.

Starting questions that will be needed to form a strong budget:
Do I have an Event Planner? What will they cost?
Where is the event taking place, what it is costing?
When it takes place are there additional costs in set up and breakdown?
Will invitations be needed? What are all the costs? Stuffing invites, stamping and hand canceling?
How many people will be attending? What is the cost per person?
Will catering and wait staff be needed?
What are the rentals needed? Tables, chairs, linens, bars etc.?
Will the venue need draping?
Will there be entertainment and what are the price options?
What are the costs for atmosphere/dance floor lighting?
Will there be a theme or atmosphere needed to transform space? What does décor cost?
Will a Photographer and Videographer be desired?
This is just the start to a detailed Budget.

There are many other parts of the planning that are very helpful to add.
Knowing to plan a budget allows there to be no last minute surprises.
An excel spread sheet is very helpful, much more direct to bottom line expenses.

A really great planner will negotiate all of your contracts. This will certainly help in the bottom line.

Budget is a very small word that has a huge impact on every event. Listening to what the customer’s desire is will help bring their event to life
The key to a fabulous party/event is in the translation. Bringing an event to life is about bringing
It to fruition. Using a planner allows the combined knowledge of expense and experience to create balance and budget.

by Nancy Radin, Senior Event Planner