It’s time for OUR change!

Support The Movement, financial literacy

 

In 2007 the bottom began to noticeably fall out of the real estate market and in 2008 the stock market crumbled taking the futures of hardworking American families.  From that to 2009 the country has slid into a full blown recession and some of the highest unemployment numbers in 30 years.  As we all know, recession is a word everyone refuses to say and hates to hear it even more.

With the recession thousands of jobs were lost, millions of hard working families have gone into foreclosure, retirees lost their entire life’s savings and across the country we saw more and more “Going out of business” signs hanging on businesses that have faithfully supported many communities for years.  We, as a country have been left wondering what was going to happen next.  We watched the news day after day to hear that the government was giving “TARP” and “bail out” money to “big banks”.

But where is the bail out for those that have sacrificed and poured their sweat, blood and tears into building a comfortable future?

Where is the bail out for those that are working double time to keep up with the rising pain at the pump, 50% utility hikes, ever shrinking funds for ever increasing grocery costs and overpriced healthcare expenses? 

PASS IT ON!
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Budget – Everything Has a Price

Everything Has a Price

So you want to know what’s included in a budget.   Everything.  Meeting and events cost money.  Make a list of every anticipated expense as well as; all revenues.

dollar-sign

 

 

 

This is a list of items found in budgets:

 

 

 

 

* Labor                                                 * Venue                               * Travel

* Insurance                                        * Merchandise                  * Marketing/Promotion

* Planning System                          * Printing                             * Food/Beverage

* Decorations                                   * Entertainment               * Speaking Fees

* Attire                                                * Salary                                 * Flowers

* Gifts                                                   * Awards                             * Administrative Fees

* Give-A-Ways                                   * Security                            * Photographer

* Credit Card Fees                             * Tickets                              * Phone

* Wi Fi                                                  * Gas/Mileage                  * Website

The list goes on and on.  Items on this list can be broken down into line items.  Some will be grouped together and others will be their own category.  When developing keep the current industry trends in mind and their costs.  Think about how they will impact your budget and look for comparable substitutions.  Trends are easy to spot and if you’re not sure take a look at social media sites, TV and your industry trade magazines for more information.

In today’s fast paced information track most event organizers use online registration which is a trend that can also impact your bottom line.  You may also want to offer paper registration by request.  Now that you know what is included in your budget you can effectively begin to organize your financial outline.

… Happy budgeting

Pharice Brown

Word of Mouth Events & Planning
Bladensburg, MD 20710

Toll Free Phone and Fax: (866) 905-9002 ext. 102#

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