“The following is a continuation of my Event Development Series. Several months ago, I started the series with the first section, “Initial Development” The second section is entitled “Research and Preliminary Planning”. Now that you and your team has decided to proceed with the event, it’s time to get serious! As suggested previously, any thoughts and idea are more then welcome!”
Research and
Preliminary Planning
Money
You haven’t forgotten about the money
have you? No matter how large or small your project, you’ll need “start-up”
money! You can’t ignore this part! You must let everyone in your group know
that “seed” money will be required and exactly how much you will need. And,
this should be determined BEFORE
starting the project! The seed money includes any monies you will spend before
income starts coming in. And, you have to be prepared for a loss, especially in
today’s economic climate! There should now be any surprises. You need to
thoroughly research your costs. Don’t minimize the amount to need. If anything,
inflate your projected amount by 10 or 15 percent! It will save you a lot of
grief in the long run! Remember too, the larger the project, the more you will
likely need. So, what are the costs you could incur? I think it’s bets to put
them into two categories, “Monies needed before the event” and “Monies needed
during the event”. Next week I’ll talk about “Monies needed before the event”.
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