Velvet Chainsaw

MARCH 15, 2023

This perfect storm significantly threatens the sustainability of associations and adds tremendous pressure to those who are organizing events to find ways to improve their financial performance. Planners are charged with making the problem go away but have little to no negotiating power.

Event Planning 370

Event Planning Food and Beverage 2023 2019 370

Event Industry News

NOVEMBER 8, 2023

Introducing Eventwise, the new to market financial management platform specifically built for the events industry. In the ever-evolving world of event management, staying ahead of the curve is a non-negotiable imperative for success. However, the financial management aspect of these events […]

Event Technology 64

Event Technology Technology Negotiating Financial 64

Event Planning BluePrint

FEBRUARY 9, 2024

It’s the compass that guides every decision you make, ensuring that your event skills shine but also align with the client’s financial goals. It shows your vision in numbers and ensures that your event is financially feasible. Cost-Saving Strategies That Work Vendor negotiation is an art.

Management 62

Management Negotiating Financial Entertainment 62

Attendease

JULY 20, 2023

The real magic lies in negotiating SaaS contracts. With the right skillset and a clear understanding of your organization’s needs, you can emerge from the negotiation process with a contract that drives significant value and savings. We’re here to guide you through the essential elements of negotiating your next SaaS contract.

Negotiating 284

Negotiating Contracts Financial Event Management 284

Eventtia

OCTOBER 20, 2023

It serves as a financial roadmap, providing a clear view of all expenses and revenues associated with the event. By creating an effective event budget plan, organizers can exercise financial control and achieve maximum returns on their investments. Quick note: This guide works for free-to-participate events.

Financial 117

Financial Negotiating Entertainment Retail 117

Smart Meetings

OCTOBER 18, 2022

Negotiate a clause about what will make an event financially important to go forward and negotiate based on that.”. Instead, talk about concerns of people canceling and negotiate at what point it doesn’t work. Fee Negotiation. Don’t put pandemic in your force majeure clause because we are still in the middle of it.

Hotels 98

Hotels Negotiating Contracts Financial 98

SmartMeetings

JANUARY 2, 2018

I have heard of planners negotiating out this fee,” says Lauren Wolfe, a lawyer who publishes the website killresortfees.com. ” Kear also advises that planners bring along their financials from previous years’ events to show their hotel spend and P&L.

Negotiating 56

Negotiating Hotels Food and Beverage Contracts 56

ePly

APRIL 2, 2024

Financial savvy: From vendors to decorations to marketing, events can become very pricey affairs. No matter which sector you choose, though, there are some skills that are non-negotiable. For example, offering long-term work to a vendor may mean that you can negotiate lower prices for all contracts.

Negotiating 62

Negotiating Financial Event Planning Events 62

StraussCA

MARCH 7, 2024

Tip #1: Get Smart with Financial Management Efficient event planning within budget constraints begins with a thorough financial assessment. For instance, associations can negotiate favorable deals with event venues or suppliers to reduce costs without compromising on quality.

Event Planning 52

Event Planning Social Media Financial Sponsorships 52

Stova

AUGUST 24, 2023

Compare quotes, negotiate pricing, and evaluate the value each vendor brings to the event. Create a Detailed Budget Breakdown Creating a detailed budget breakdown is non-negotiable. Negotiate terms, explore package deals, and seek out partnerships that can offer mutual benefits.

Negotiating 52

Negotiating Financial Sustainability Entertainment 52

Eventmobi

JUNE 16, 2023

It lets you: Diversify revenue streams Increase financial stability Grow your program offerings Attract new members (with non-member/blended events) Diversify revenue streams Say you have 2,000 writers each paying $150 in dues every year. Non dues revenue is more than a temporary financial boost. a sense of security.

Sponsorships 195

Sponsorships Financial Social Media Conference 195

Event Industry News

NOVEMBER 8, 2022

Negotiations to achieve the new investment round started at around the same time. This financial backing will enable the technology company to move forward with a new acquisition strategy that is expected to materialise in 2023. Eventscase, the all-in-one event management software, celebrated its 10th anniversary last September.

Negotiating 117

Negotiating 2023 Financial 2021 117

Event Planning BluePrint

MARCH 25, 2024

An event planner must be adept at understanding client visions, negotiating with vendors, managing staff, and engaging with guests. Budgeting and Financial Acumen Financial savvy is key to successful event planning. Effective budgeting and financial management are the linchpins of this process.

Event Planning 62

Event Planning Financial Negotiating Education 62

Smart Meetings

NOVEMBER 15, 2023

Financial & Insurance Conference Professionals (FICP) brought 700 thought leaders together at JW Marriott Marco Island Beach Resort in Florida to prepare meeting professionals for whatever comes next with a call to reflect, discover and recharge.

2023 105

2023 Negotiating Insurance Financial 105

Smart Meetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

SmartMeetings

SEPTEMBER 14, 2023

An organization that undervalues the importance of procurement often pays for it in numerous ways—financial and legal. A 7-Step Process A true process will go beyond RFP sourcing and site selection, contracting and negotiations.

Conference 98

Conference Site Selections Negotiating Contracts 98

Event Planning BluePrint

MARCH 15, 2024

Essential coursework should cover Human Resource Management, Event Sales and Sponsorships, Financial Accounting, Negotiating, and Relationship Management, equipping future planners with the necessary theoretical knowledge and practical skills.

Event Planning 62

Event Planning Negotiating Education Social Media 62

SmartMeetings

FEBRUARY 16, 2024

Negotiation experts share tips for building win-win event contracts The ROI is in the details when drafting a vendor contract. The negotiation phase is a good time to ask the hotel partner for ways to save—by using the same AV set-up as an event pre or post to share set-up costs for instance.

Contracts 94

Contracts Negotiating 2024 Hotels 94

MeetingsNet

MARCH 7, 2024

The hyper-granular attention to detail required to negotiate and contract the various parts of an event, and then manage the ever-changing tactical and strategic elements leading up to the opening session, is beyond my capabilities. Read the story in our digital magazine now , or read it online at MeetingsNet.com as of Monday, March 11.)

Negotiating 59

Negotiating Contracts Financial Education 59

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator. In each section, Glynn and Eidsvold offer analytical observations: Incentive travel is returning, however slowly.

Travel 98

Travel Negotiating Contracts 2022 98

Smart Meetings

NOVEMBER 15, 2022

Koleen Roach, director of meetings and conference management at Securian Financial Group, led a panel of veteran explainers during Financial and Insurance Conference Professional ’s 2022 Annual Conference at Omni Boston Hotel at the Seaport. By the Numbers. Jeff Calmus. Tell a Story.

Financial 98

Financial Insurance Medical Meetings Contracts 98

Event Planning BluePrint

FEBRUARY 3, 2024

The Event Planner’s Toolkit: Skills and Attributes Communication and Negotiation Clear communication is the cornerstone of event planning. Negotiation skills are equally important. Despite financial constraints, we maximized our social media reach and engaged local businesses for support.

Event Planning 62

Event Planning Negotiating Social Media Trade Shows 62

SevenEvents

OCTOBER 17, 2023

step 1: define your event objectives before delving into the financial aspect of your event, it’s crucial to have clear objectives. some costs, such as the venue and essential equipment, should take priority, while others may be negotiable. one of the most fundamental aspects of organising a successful event is budgeting.

Negotiating 52

Negotiating Food and Beverage Insurance Contracts 52

Attendease

FEBRUARY 20, 2024

It’s crucial to monitor expenses closely and adhere to the budget to ensure financial stability. Effectively manage the event budget Based on your strategic plan, develop a realistic, line-item budget covering all aspects of the event — venue, vendors, security, food and beverage, staffing, swag, and the dozens of other expenses that pop up.

Corporate Events 195

Corporate Events Food and Beverage Social Media Event Management 195

StraussCA

JULY 27, 2023

Financial Management: Coordinators may be involved in budgeting and financial aspects, tracking expenses, and ensuring the association operates within its financial constraints. They serve as a voice for the members and the association’s mission.

Financial 52

Financial Negotiating Social Media Tech 52

ePly

JANUARY 3, 2024

A Guide for Event Profs in the Age of Rising Costs Welcome to 2024, where contract negotiations continue to be a critical but dreaded aspect of event planning. In this day and age, negotiation skills are even more essential as event professionals strive to deliver memorable experiences while staying on budget.

Negotiating 87

Negotiating Contracts 2024 Events 87

Smart Meetings

DECEMBER 23, 2021

What contracts need to include and how to negotiate those from third parties. Glynn shared that this new threat is scary for every traveler, every planner, every third-party negotiator. Guest safety has become a focal aspect of incentive travel planning. Costs are changing and budgets must follow suit.

Travel 98

Travel Contracts Negotiating Hotels 98

Eventtia

OCTOBER 10, 2023

For instance, if you’re following the model of Campari Group, tools for managing budgets or other financial considerations become paramount. Also, it will help you identify your event’s requirements and the non-negotiable capabilities for its success. Negotiate pricing, review legal stipulations, and assess technical requirements.

Negotiating 118

Negotiating Retail Financial Management 118

MeetingsNet

JULY 7, 2023

Known as the Hospitality Group & Business Performance Index, the quarterly report combines event data such as attendee numbers and the volume of space booked from Knowland with group, corporate pre-negotiated, and GDS hotel-booking data from Amadeus. percent Financial/Banking: 8.2 hotels over those 12 months.

Hotels 64

Hotels Meetings 2023 Healthcare 64

Smart Meetings

DECEMBER 13, 2023

Unbound by restrictions of government agencies, associations can make long-term impactful changes in areas like healthcare and the financial fields. “I Read More: Tips for Negotiating Your Next Big Event Contract What the Audience Needs To create the best experience for your attendees, Mason suggests the traditional route of surveying.

Association Meetings 105

Association Meetings Meetings 2026 Healthcare 105

The Castle Group

SEPTEMBER 3, 2021

At Castle, we are continually consulting with our clients to help them make the best decisions for their stakeholders, achieve their meeting goals and mitigate financial loss.

Meetings 97

Meetings Negotiating Contracts Financial 97

Event Leadership Institute

NOVEMBER 15, 2019

Many event business owners hand their financials over to their accountant or bookkeeper, but a strong understanding of how to protect your company’s financials is crucial for success and futureproofing your business. This week’s Smarticle will introduce several important tips for proper financial planning.

Banking 53

Banking Negotiating Financial Events 53

Smart Meetings

DECEMBER 19, 2022

The pair started with 25 brands and negotiated offerings to build a marketplace of “collections” at levels ranging from $1,500 to $10,000 for two guests, including taxes, fees and gratuities. Cassidy stressed that the programs they offer are not meant to take the place of organized incentive travel.

Travel 97

Travel Airlines Insurance Negotiating 97

MeetingsNet

JUNE 3, 2022

Here, two industry consultants dish to city-hotel sales executives on why securing meetings business is so critical, with numbers that could give negotiating insight to planners. The meetings market will be central to the recovery of urban hotels.

Hotels 97

Hotels Consulting Negotiating Retail 97

Stova

MARCH 17, 2023

They have the tools to enable teams of planners to negotiate rates on event costs, they can speed up venue sourcing processes and they provide visibility and analysis into event spend. Negotiated Venue Cost Savings Due to reduced commissions from major hotel chains, business models are changing and the sourcing landscape is transforming.

2023 40

2023 Negotiating Food and Beverage Financial 40

Planning Pod

FEBRUARY 6, 2024

There are two main types of cashless payment options: Credit cards – Physical cards that customers use in-person or online to borrow a limited amount of money from a financial institution. Automatic Clearing House (ACH) – Electronic transfers of funds between financial institutions (like banks) using routing and account numbers.

Financial 88

Financial Banking Food and Beverage Events 88

SmartMeetings

JUNE 16, 2020

In the fifth of FICP’s new virtual education series, Financial & Insurance Professionals (FICP) Chats, more than 200 participants explored how to book group business for future meetings, including immediate adjustments for events, and how those were not being written into RFPs for the long-term. Concession Misconceptions.

Meetings 104

Meetings Contracts Insurance 2025 104