Planning A Party On A Budget

3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]

I think company’s look at how popular the event is not only in the present day but also how popular it can become, I also think they look at what percentage of their target market attend those events, and of course they look at how much money can be made at a single event.

3. Explain two methods that can be used in order to identify realistic estimations when developing a budget. [2.2]

Staying on budget is one of the key factors that will play a significant role in ensuring the success and the completion of the project in a timely manner. In addition, budgeting will allow this project to develop a spending plan which will ensure that we do not exceed the $3,000 dollars allotted for the project. Furthermore, by having a budget plan in place, we are on the path to setting and meeting our financial goals.

I plan to allure and seduce the crowd in and instantly grab their attention. There is going to be 5-10 professional female models on the set wearing fun, modern and colorful

It will last for four hours and my goal is to sell as many tickets as possible, as selling every ticket would give me around £20,000, which would greatly contribute towards paying for the costs. Even without reaching this ideal, it allows for a far greater expansion in all areas of the project. The launch party will also provide some advertisement for my product, as the marketing ideas should build up enough attention for people to acknowledge my product. The launch party will also be used as an opportunity to sell merchandise, as people would associate the merchandise to the artist, and the memory of attending the live event. This is a key opportunity to sell merchandise, as it is the beginning of an artist's career, and merchandise from the beginning of an artist's career can be both a sentimental, memorable object, as well as a collectors object, and both hold values in different ways. In order to transport instruments and musicians to and from the venue, travel would cost around £200 to rent a vehicle for a weekend. This would be vital, as it is a cheap and efficient way to get everything to the live performance, and without it, there would be no live

Organizing all the crucial details such as the date, time, venue, food, and music became very overwhelming. One week prior to the event, the concert venue suddenly became unavailable. After searching for alternatives, and talking with the

A corporation involves having a board of directors to protect the investments. The employees help the business run smoothly and the shareholders own the corporation. The business structure is profit organization. The financial goals for this event are to break even, or make a little profit. “That was always hard to do, because sales often times “gave away” the conference registration to help retain clients”. This is the statement my event coordinator stated to me.The type of budget they used is the zero-based. Zero-based budgeting is the budget when all expenses must be justified for the each new financial period. This means the company’s budget must start off fresh and new. The major expenses associated with producing the event pre-event and post event are marketing and website development. Food & beverage, AV production, Internet connectivity, sleeping rooms and travel for employees were the largest expenses for the pre-event. Post-event would be the clean up fees. The revenue sources for event are the registrations. The top event sponsors are large accounting firms and government agencies(IRS) that provided

Labor and other miscellaneous costs. I am asking for $50,000 to add to the budget to allow for unexpected expenses. Because it is impossible to predict how much labor and supplies will cost, However, this extra amount may not be needed if negotiations lower the other costs.

1. Do you have you a date you need the detailed breakdown and budget done by?

The second main step in planning the perfect party is identifying what the theme of the party is going to be. The theme of the party can vary anywhere from a birthday party to a costume party. After you have successfully identified the theme for your party, you will then need to decide who you want to invite. When deciding on who you would like your guest to be, refer back to your theme. For instance, if you are planning a birthday party for a five year-old, the majority of your guest should be other children around that age. After that, count how many guests will be attending the event because this will be important in your next step; revisiting the locations that you chose. Choosing a location is not only important when calculating your budget but also when identifying your theme and the amount of guest there will be. For example, you would not want to plan a baby shower at a bar because that environment is not suitable for a baby shower. The number of guest is also crucial to know because you do not want to plan a party at a location that will not provide enough space for your visitors. Now that you have a theme, guests, and a location, the next step is to decide what type of decorations to use.

For each project you’re planning, you need to be clear on just how much money you’re willing to spend.

A budget refers to a financial plan that represents the allocation of the income to various expenditure channels such as expenses, savings, and debt repayment. A personal budget is important because avoiding financial surprises and keeping financial stress down helps avoid a crisis and allows you to focus on your overall goals. You cannot avoid all risks in life but if you plan your finances to live within your means, you can avoid being kicked out of your home, losing your car and other terrible things that a solid budget would help you avoid. Knowing what you can afford is a central life skill. Unfortunately, many do not budget even though they know they should (Wagoner, 2012).

money to cover the expenses you plan to occur, and extra in case of an

Be aware that sometimes the advice you get may not be what you want to hear, so you might want to warn the person up front that you are just getting advice, and that you may or may not use it. I have found when planning a party, people I seek advice from often get the idea they are taking over which can lead to big problems. It is always better to be very clear up front that you are only asking for advice, and not for them to plan the party for you. Making a list for food, decorations, and games is going to be the most frustrating part of the party planning because this will make or break your party. Keep in mind that you may not want to have so much food that you have a lot of waste. If you are planning to fill everyone up then it is a good idea to use foods that are filling, like starches. You may want to have a sit down dinner or just hors d’oeuvre; whatever you decide try to plan so you do not have a lot of waste. R.S.V.P is very important for this area of the party, so try to emphasize this in your invitations.