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Event Contracts: Agree to Be Agreeable

SmartMeetings

Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. A win-win contract allows everyone to feel that their biggest risks are covered and they can partner in good faith to execute confidently while working creatively to deliver the best event possible.

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Budget Financial Meetings: Doing More with Less

SmartMeetings

Meetings in the financial and insurance sector require outside-the-box thinking. The economy was humming along before the coronavirus hit, but even then the majority of meeting planners in the financial and insurance industries were keeping their budgets in neutral. Financial and insurance meetings in the U.S.

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Best of 2023: Career Tips

Smart Meetings

From finances to DEI and team building, 2023 was a year for support and education All of us at Smart Meetings and all of our contributors want to see each other thrive, which is why we frequently post strategy stories as a resource for all of us to learn from each other. Sun identified eight strengths that were commonly mentioned.

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Money Talks: Defining an Event Budget

TicketBud

Now, imagine showing up to the event, hearing that most speakers backed out after not getting paid, and then being asked to help cover the costs of the event’s outstanding hotel bill of $17,000. According to a recent Maritz Industry Trends Report , most meeting expenses are up over 20 percent since before the pandemic.

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We’ll Meet Again: Kevin Iwamoto, Chief Strategy Officer, Bizly

MeetingsNet

The industry influencer, author, and educator knows that the meetings and events industry will adapt, but hopes that surviving the new normal won’t mean an end to creativity. Hawaiian-born Kevin Iwamoto has worked in almost every aspect of meetings and events, from procurement to consulting.

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Don’t Ask for a Covid Force Majeure Clause Now, and Other Advice from a Hotel Attorney

Smart Meetings

Most meeting planners found ways to move ahead, even if there were some tense moments and damages paid. Now, the question is how to build contracts moving forward. Negotiate a clause about what will make an event financially important to go forward and negotiate based on that.”. Covid Cancellations. That doesn’t help you.

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Building a Winning Corporate Events Program: 7 Critical Success Factors

Attendease

This is best done by scheduling a planning meeting with company leadership and other key stakeholders for the event. Schedule regular status update meetings to discuss timelines, blockers, and wins. It’s crucial to monitor expenses closely and adhere to the budget to ensure financial stability. based on expertise.