Solve Over-Budgeting and Other Problems with 3 Essential Event Planning Tips (2024)

Recently updated on October 17th, 2017 at 12:42 am

Successful event planning requires a certain superstar individual who can think with both their right and left brain. It’s not easy being creative, organized, precise, practical, and adaptable at the same time, but these are essential skills for dealing with no-show vendors, catering disasters, weather issues, and all other unexpected crises that can occur before and during an event.

An event planner has to be somewhat of a soothsayer who foresees emergencies and prepares for them. The following tips identify some of the major issues that event planners need to be aware of and offers solutions to these common issues.

Solve Over-Budgeting and Other Problems with 3 Essential Event Planning Tips (1)

Identifying Cost and Quoting

Before you plan your next event, just sit down for a few hours and identify your basic expenditures. This may seem like an obvious exercise, but it’s something that every planner should get into the habit of doing, well before any event.

When you don’t have a cost “plan-of-action”, it’s all too easy to run over budget because you simply left a major cost out. The following checklist is an example of an event planners cost plan. Use this as a guide and create your own cost outline before every event.

  • Venue Cost
  • Entertainment
    • Hosts/speakers
    • Musical acts
    • Other entertainment
  • Printing/Promotional costs
    • Design costs for print and web assets
    • Press pack and distribution
    • Invitation printing
    • Ticket/wristband printing
    • Badges
    • Flyer printing
    • Poster printing
    • Site map/event calendarprinting
    • Banners
    • Signposting
    • Print Distribution
      • Distribution personnel (flyposting/handout)
      • Direct mailing campaigns
  • Ad/Web Space
    • Design cost
    • Newspapers ads/listings
    • Magazine ads/listings
    • Press release cost
    • Internet banner ads/targeted web campaigns
    • Any 3rd party social media marketing and other online marketing
  • Equipment
    • Staging and other build equipment
    • Sound
    • Projectors
    • Sound system
    • Internet access
  • Tables, Chairs, Bar, and Furnishings
  • Decoration and Dressing
  • Packing list
    • Stationery, organizational materials
    • Bar equipment
    • Cleaning supplies
    • Bathroom and sanitation supplies
  • Catering
    • Catering company cost (including staff catering and act catering)
    • Catering equipment
    • Wet bar
  • Staff/Operational
    • Management and organizational staff
    • Service and catering staff
    • Construction/build staff
    • Security/door management staff
    • Parking attendants
    • Cleaning staff
  • Uniforms
    • T-shirts/uniforms
  • Sanitation
    • Portable bathrooms (if outdoor event)

The list could go on depending on the scale of your event, but even weddings and small business functions will likely require around 80% of the costs on this list.

Go through each of the items on this list that applies to you and get quotes or costs for each item. Don’t leave it to chance – be airtight with your cost analysis rather than cost guessing. You also need to add at least 10% onto the total estimated cost to account for breakages, no-shows, acts of God, and other unforeseen circ*mstances.

Identifying Your Cut

After calculating your basic expenditures, you will have a decent idea of your operating costs. In turn, you will be able to measure this cost against the ticket price, vendor, or client fee. When deciding on a price, you have to cover operating expenses but also make sure that you get paid! If you are planning a ticketed event, you will have the added challenge of making sure that the fee, vendor fee, or admission price maximizes attendance; charge too much and it may cost you fewer attendees.

Making Savings

Saving money is about being both creative and sensible. You can save money by being mindful of the following:

Catering Budgeting

Event planners typically over plan catering and keep adding items to the bill through nervousness about food shortages. A good rule-of-thumb when setting your catering budget is to set an initial catering fee and then reduce it by 10%.

Don’t Stray From Your Cost Plan

It’s easy to get carried away by the excitement of an event and impulse purchase lavish decorations or gourmet food itemsbut these costs add up and eat into your profit. Stick to your plan. And if your client asks for something extra, you need to be firm and make them very aware that they will be billed for these added additions.

Keep an Eye on Your Expenses

One of the most important jobs of any event planning professional is to be involved before, during, and after the event. You have to know exactly who’s in charge and what’s being purchased and sold. This means monitoring your staff regularly to ensure they are not going over budget in any aspect of the planning, and keeping a close eye on the ticketing, bar, and, other sales areas.

Solve Over-Budgeting and Other Problems with 3 Essential Event Planning Tips (2)

Overstaffing is Better than Understaffing

One area of event planning that you really can’t cut corners on is personnel. Not only is it vital to have enough people around you to make things work, but it’s also essential that you have experienced, knowledgeable, and trustworthy staff on hand.

When it comes to your waitstaff you need at least two per every tenguests for a hosted dinner. This is an industry standard and it’s generally excepted that overspending on staff and hiring additional workers is a sensible option because you won’t be able to remedy understaffing once the event gets going; not having enough help on event day is something you just can’t have. Plus, you can’t expect to do everything yourself if you are coordinating with staff, vendors, clientsandguests.

Damage Control Managers

An event going wrong is a snowball effect, i.e., a catering disaster leads to angry guests that leads to security issues that leads to damaged property, etc. This is an extreme case but these situations occur and the best way to deal with them is by having smart and quick-thinking managers or supervisors on staff that have “mad” people skills.

Make sure you hire people that have the right certification and experience but more importantly, you have to know that they can manage risk and handle exceptional circ*mstances. If possible, you want to have people managing your events who are tried and tested by you personally.

Surround Yourself with Skillful People

Catering and service staff with the right skillsets are just as important as great supervising staff. Unreliable caterers, a couple of bad waitstaff, or security personnelthat go missing in an emergency can ruin an event for guests and ruin your reputation. That’s why it’s important to build relationships with staff and staffing agencies in order to get the right people and to have confidence in your team.

Be extra vigilant in choosing your staff. Make sure you are carrying out detailed checks or hiring staffing agencies that are noted for their thoroughness. Most importantly, take the time to train, assess, and get to know your staff so that you are aware of their skill levels and abilities. Once you know everyone’s roles and capabilities, you will better understand how to allocate resources and plan an event.

Even in large event situations where you are using volunteer staff, you need to arrange training sessions to establish rules and roles, well before an event begins.

Basic Training

Everyone from the person at the ticket desk to the individual serving coffee should have basic answers when questioned by attendees. Everyone on your staff should be able to point someone in the right direction or find the appropriate person. Information such as where the toilets are, where to hang coats up, or the name of a supervising or coordinating manager should be known to all staff members.

Politeness, positivity, and an overall good attitude is maybe not something that can be considered “basic training” but this is possibly the most important quality to keep reaffirming within your team.

Smart and Recognizable

It’s always a good choice to have stylishand professional-looking event staff. Whether your event requires silver service tie and tux, or is a more relaxed affair with t-shirt and smart casual attire, you need something that distinguishes them from guests. Make sure you plan for badges, t-shirts, uniforms, or other recognizable features.

Solve Over-Budgeting and Other Problems with 3 Essential Event Planning Tips (3)

Risk Assesment

If it can go wrong, it probably will. This is not a pessimistic view, it’s a sensible and logical one that demands action and planning. Before any event you need to perform a detailed risk assessment to plan for problems and disasters. Involve all your team in a brainstorming session to figure out ways you can mitigate risk.

In these brainstorming sessions you can discuss issues of emergency, management, and timing (i.e., the careful timing of the service of courses.) Create a to-do list like the one below that covers many of the problems that could arise during your event:

  • Weather Control Plan
    • Reservation plans for tent,indoor facility,pavilion, etc.
    • Supply plans for tarpaulins, umbrellas, rain ponchos, and other emergency equipment for guests and staff
    • Supply plans for air conditioning and fan equipment
    • Supply plans for wood chips and hay to cover pathways
  • Equipment and Testing Plan
    • Confirm city noise ordinances to ensure non-neighbor involvement and disruption
    • Pretest all sound equipment and prepare backup equipment supply
    • Pretesting of all ovens and catering equipment
  • Emergency Plan
    • Contract with an ambulance company
    • Have staff on-hand with medical training
    • Knowledge of the closest hospital or urgent care center
    • Create a program of emergency training/certification for staff
    • Practicing of panic attack, seizure, bad fall, and other scenarios
    • Disabled access and evacuation
  • Evacuation Plan
    • Discuss and test evacuation scenarios
    • Assign staff managers to evacuation roles
    • Prep staff with all relevant emergency numbers and contacts
  • No-shows
    • Have stand-by and back-up options available
    • Inform staffing agency of event dates as a precaution
  • Time Management
    • Ensure management staff have detailed knowledge of event runtime/calendar
    • Ensure catering and wait staff have detailed knowledge of the meal and course timings
  • Security Training Scenarios and Drills
  • Parking Plan and Organization
  • Additional Seating and Other Items

An agreed upon plan-of-action is an essential aspect of any event. This should be communicated to everyone involved at a higher level. This includes security, catering managers, event management staff, and also your vendors and clients.

Let Your Clients Know What to Expect

Careful communication with your clients and stakeholders is an essential part of an event planner’s role. Your client should be aware of any problems and changes such aslack of parking facilities, changes to décor, lack of bathroom facilities. These kinds ofdetailsopen up discussion and allow solutions or compromises to be agreed upon.Do not keep them in the dark about any existing issues or necessary last-minute changes and make them aware of any emergencies that are happening during the event. Before the event, make sure you have met and have carriedout adetailed walk-through of the event that includes knowledge of emergency exits.

A well-defined and agreed upon plan helps you execute tasks efficiently and heightens awareness of the event as a whole. Creating and repeating processes for scoping, scheduling, allocating resources, and communicating with everyone involved in the event eliminates a lot of the grey areas.

In conclusion, there’s no way to prepare for everything that could happen in the planning and execution of your event. However, if you are smart and leave as little as possible to chance, the likelihood of a successful event is much higher. Use these tips as your guide to planning an event and making it one to remember.

  • For banners, posters, postcards, invitations and more, go to nextdayflyers.com and start your quality and affordable printing today
Solve Over-Budgeting and Other Problems with 3 Essential Event Planning Tips (2024)

FAQs

How would you handle an event going over budget? ›

A Comprehensive Guide: What to Do When Your Event is Over Budget
  1. Step 1: Review and Identify the Budgetary Gaps. ...
  2. Step 2: Prioritise and Reassess Expenses. ...
  3. Step 3: Seek Additional Funding Opportunities. ...
  4. Step 4: Implement Cost-Saving Strategies. ...
  5. Step 5: Optimise Marketing and Promotion Efforts.
Jun 29, 2023

How to do budget planning for an event? ›

  1. 6 step event budgeting process. ...
  2. Acknowledge expenses, revenue & cash flow. ...
  3. Create an event budget sheet. ...
  4. List event requirements. ...
  5. Estimate event expenses. ...
  6. Update event budget sheet. ...
  7. Continue to track event budget.

What problems do event planners solve? ›

17 Common Event Planning Problems and Solutions for Planners
  • Budget constraints.
  • Venue availability.
  • Vendor management.
  • Last-minute changes.
  • Time management.
  • Catering challenges.
  • Technical difficulties.
  • Weather uncertainties.
Aug 1, 2023

What is the best way to plan an event? ›

9 Event Planning Tips for Improved Events
  1. Start your planning process early. ...
  2. Establish clear, quantifiable goals. ...
  3. Define your audience. ...
  4. Get audience feedback before you start planning. ...
  5. Craft a multi-channel marketing plan. ...
  6. Create a budget and stick to it. ...
  7. Build an event agenda. ...
  8. Showcase your sponsors effectively.
Jan 12, 2022

What is an example of over budgeting? ›

An example of going over budget is when a construction project encounters unexpected foundational issues requiring additional excavation and structural support, which were not accounted for in the initial estimates. This leads to increased material and labor costs that surpass the budgeted amounts.

How to deal with budget overrun? ›

Key strategies to prevent and manage cost overruns
  1. Accurate project estimations: ...
  2. Scenario planning and contingency reserves: ...
  3. Continuous monitoring of project metrics: ...
  4. Resource optimization: ...
  5. Renegotiating contracts: ...
  6. Effective communication and transparent decision-making: ...
  7. Learning from past experiences:
Mar 1, 2024

What are five important steps in planning a budget? ›

Six steps to budgeting
  • Assess your financial resources. The first step is to calculate how much money you have coming in each month. ...
  • Determine your expenses. Next you need to determine how you spend your money by reviewing your financial records. ...
  • Set goals. ...
  • Create a plan. ...
  • Pay yourself first. ...
  • Track your progress.

What is the first step of the event budgeting process? ›

Start with the goal. Like every other aspect of event planning, knowing what you want to achieve is the first step of the process. This brings in a better clarity over which activities will take precedence and which will require a higher allocation of the budget.

What is the budget planner rule? ›

Try the 50/30/20 rule as a simple budgeting framework. Allow up to 50% of your income for needs, including debt minimums. Leave 30% of your income for wants. Commit 20% of your income to savings and debt repayment beyond minimums.

What is the hardest part of event planning? ›

Budgeting Problems

One of the most common challenges that event planners face is budgeting. It can be challenging to estimate how much everything will cost, and it's easy to go over budget if you're not careful.

How do you manage event planning? ›

How to plan an event in 10 steps
  1. Organize your objectives. ...
  2. Establish a budget. ...
  3. Build an event team. ...
  4. Select a venue and date. ...
  5. Choose event management software. ...
  6. Establish vendors, sponsors and partners. ...
  7. Plan the program and entertainment. ...
  8. Brand and market the event.
Feb 13, 2024

What is the most important in event planning? ›

Establishing your event's budget is one of the most important parts of planning an event. Creating a solid budget enables you and your team to generate ideas within realistic parameters. This means that the parts of your event that you're excited about stay top of mind, and are adjusted for what you can afford.

What are the 5 P's of event planning? ›

To do that, event planners should focus on the five Ps: Plan, Partner, Place, Practice, Permission.

What are the 5 W's in event planning? ›

The 5 W's Of A Successful Company Event That Everyone Will Love
  • The Who. Before you can pick a location, a theme, or a schedule of events, you need to know who you're inviting. ...
  • The When. ...
  • The Where. ...
  • The What. ...
  • The Why.
Aug 13, 2020

How do you deal with a budget overspend? ›

How To Deal With Overspending
  1. Forgive Yourself. It's easy to be hard on yourself after you've spent too much on something, or gone over budget for the month. ...
  2. Figure Out Why. ...
  3. Assess The Damage. ...
  4. Return It Or Sell It. ...
  5. Spending Freeze. ...
  6. Earn More Money. ...
  7. Update your Budget. ...
  8. Final Thoughts About Overspending.

How would you handle a situation where a project you were managing goes over budget? ›

In Summary
  1. Identify the problem.
  2. Determine the project status.
  3. Adjust key result areas.
  4. Provide client visibility into project performance.
  5. Improve project performance to improve business results.
Jan 31, 2024

How do you handle a project running over a budget? ›

What To Do When A Project Is Over Budget?
  1. Taking Action And Understanding The Cause for Overrunning. ...
  2. Evaluating Impact. ...
  3. Start The Action Plan & Solutions. ...
  4. Notify Your Stakeholders ASAP And Keep Them Informed. ...
  5. Need To Talk With Team Openly and Agree On The Priorities. ...
  6. Implementing The Changes.

What do you do when you see overspending on budget lines in a project? ›

If a budget is overspent the first thing to do is investigate the reasons for the over-spend. If the over-spend is the consequence solely of a timing difference, then no immediate action is likely to be required.

Top Articles
How Smart People Use Their Credit Cards: Tips for Maximizing Benefits and Minimizing Risks
USDC to TRX Exchange | Convert USDC (Ethereum) to TRON on SimpleSwap
WALB Locker Room Report Week 5 2024
Chs.mywork
Pollen Count Los Altos
Radikale Landküche am Landgut Schönwalde
Why Are Fuel Leaks A Problem Aceable
Uca Cheerleading Nationals 2023
Euro (EUR), aktuální kurzy měn
Mountain Dew Bennington Pontoon
What are Dietary Reference Intakes?
Did 9Anime Rebrand
Trade Chart Dave Richard
Fcs Teamehub
Acbl Homeport
Zendaya Boob Job
Little Rock Arkansas Craigslist
Grasons Estate Sales Tucson
10-Day Weather Forecast for Florence, AL - The Weather Channel | weather.com
Palm Coast Permits Online
Band Of Loyalty 5E
Parentvue Clarkston
Account Suspended
Geometry Review Quiz 5 Answer Key
The best firm mattress 2024, approved by sleep experts
Georgia Cash 3 Midday-Lottery Results & Winning Numbers
Jenna Ortega’s Height, Age, Net Worth & Biography
The Largest Banks - ​​How to Transfer Money With Only Card Number and CVV (2024)
What Equals 16
Roanoke Skipthegames Com
Farm Equipment Innovations
UAE 2023 F&B Data Insights: Restaurant Population and Traffic Data
Lilpeachbutt69 Stephanie Chavez
Ravens 24X7 Forum
Craigslist Free Puppy
Craigslist Central Il
Kaiju Paradise Crafting Recipes
Kstate Qualtrics
Www Violationinfo Com Login New Orleans
Craigslist Neworleans
Car Crash On 5 Freeway Today
2016 Honda Accord Belt Diagram
Bitchinbubba Face
Craigslist Summersville West Virginia
7543460065
Tricia Vacanti Obituary
R: Getting Help with R
Meee Ruh
The Missile Is Eepy Origin
Arre St Wv Srj
Loss Payee And Lienholder Addresses And Contact Information Updated Daily Free List Bank Of America
What Are Routing Numbers And How Do You Find Them? | MoneyTransfers.com
Latest Posts
Article information

Author: Clemencia Bogisich Ret

Last Updated:

Views: 6287

Rating: 5 / 5 (60 voted)

Reviews: 91% of readers found this page helpful

Author information

Name: Clemencia Bogisich Ret

Birthday: 2001-07-17

Address: Suite 794 53887 Geri Spring, West Cristentown, KY 54855

Phone: +5934435460663

Job: Central Hospitality Director

Hobby: Yoga, Electronics, Rafting, Lockpicking, Inline skating, Puzzles, scrapbook

Introduction: My name is Clemencia Bogisich Ret, I am a super, outstanding, graceful, friendly, vast, comfortable, agreeable person who loves writing and wants to share my knowledge and understanding with you.