A Guide to Corporate Event Budgets

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A Guide to Corporate Event Budgets

A Guide to Corporate Event Budgets. Planning a corporate event in Melbourne? There are a lot of details to take into account, not the least of which is the budget!

A Guide to Corporate Event Budgets  Venue Melbourne - Red Scooter Unique Events Venue

Corporate Event Themes

You’d be amazed by how high the costs can rise if you’re not careful, so here are the most important items on your budget: A Guide to Corporate Event Budgets

Venue

Always book the venue first, as this is usually the costliest expense. You may need permits or a license. And you’ll definitely need to consider the rental fee.

Rentals

Are you renting tables, chairs, heating/cooling units, fans, lighting/smoke machines, tents, props, or other furniture.

Décor/Supplies

Balloons, candles, flowers, specialty linens, tablecloths, chair covers, signs, props, paper supplies. Writing implements, and centerpieces must all be included in your budget.

Transportation

This should include both on-site transportation–meaning moving equipment and personnel around the venue. As well as the transportation of guests to and from airports, hotels, and homes. Don’t forget about accommodations for any guests visiting from out of town.

Entertainment

Are you hiring a speaker, a comedian, a DJ, a live band, a celebrity, models, show-girls, etc.? That will all need to be factored into your budget.

Refreshments

Are you going to serve a breakfast, lunch, or dinner, or just go with tea and coffee service? Do you plan to make refreshments available throughout. Serve drinks at happy hour, or open the bar at the end of the night? Don’t just count on the food and drink costs, but also the cost of bartenders, servers, cooks, and caterers. Plus, there is the cost of plates, silverware, cups, and other dining necessities.

Waste

You’ll need to make sure you have proper waste disposal facilities, which includes bathrooms, sinks, trash disposal, recycling bins, and a crew to setup and clean up.

AV

Video cameras, photographers, video players, TVs, projectors, screens, and microphones will all cost, so don’t forget to include these audio visual items into your budget.

Promotion

Marketing the event will cost as well, so budget for TV spots, radio spots, magazine/newspaper ads, online ads, street signs, banners, and other promotional items.

Personnel

You’ll need staff on hand to help manage the event security. People to organise and coordinate the event, registration personnel, hosts and hostesses, and public relations managers.

Lighting

Overhead lights, stage lights, mood lights, strobe lights, and other special lights. Will need to be purchased or rented, along with extension cords.

Gifts/Takeaways

Giving people a token gift to take home with them is a good way to keep the corporate event fresh. In their mind for days or weeks to come, so consider promotional mugs, T-shirts, and other gifts to give your guests.

 

A Guide to Corporate Event Budgets  Venue Melbourne - Red Scooter Unique Events Venue

Corporate Event Band

Be smart and use a Guide to Corporate Event Budgets. These are the MOST important things, but there are so many more costs you will need to factor in when planning your big corporate event. Be smart with your planning and let Red Scooter help!

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