It's important to create an event budget early to ensure you set the stage for your event to succeed. This will help you to determine your must have and nice to haves for the event and create the best experience for your attendees.
- Understand event goals so you know what elements should be included in the budget.
- Start gathering estimated costs.
- Review historical data from past events.
- Create a starter budget with all line items.
- Get multiple quotes from vendors.
- The venue that you select will inform many costs for your event like food & beverage, Audio visual, meeting room fees and sleeping room fees.
- Figure out nice to haves versus must haves.
- Figure in the sponsor revenue and ticket sales that will offset your budget
- Finalize all expenses, the budget will continue to evolve as you make final decisions on your event.
