When you think about event planning and hosting, your first thought might be that your business isn’t nearly large enough to have an event on a grand scale. Your budget would never stretch that far, after all. Thinking like this is actually a mistake. When you do them right, events are by far the best way to market your business to potential customers and investors, to engage them and keep them loyal, and to build up your network of business contacts. The mistake that you are making in this case is thinking that the larger an event is, the better it is going to be for your business. The real issue you should be thinking about is quality, not quantity. Any event, no matter how small, is capable of making a difference if it is conducted in the right way.
It motivates and inspires you to be creative
When you are working on a budget, you will be tracking every single expense from the event host in Singapore to the party decorations on the tables. This means that you will be forced to make more creative decisions with regards to the proceedings than you even thought possible. You are forced to think outside the box and innovate, conquering the obstacles in your path with surprisingly fresh methods, adding an element of the unexpected to your event. There is a reason why you need to plan. This isn’t some sort of bonus that you are having. An event is a huge deal that could very well make or break an organization, depending on how it goes. Because of this, correct planning is an absolute must. You need to make strategic decisions as well and making sure that the focus of the event is to promote your business in a subtle yet purposeful manner.
Invites and drink costs
In addition to paying for catering and for the event host you are also going to have to pay for the drinks. This is one of the most expensive parts of an event, or it can be if it isn’t handled right. There are two ways in which you can pay for drinks: you can pay a certain set amount per attendee regardless of what they drink or how much, or you can be charged for each drink individually.
The latter is typically the more sensible option because of the charges that might pop up if someone were to only drink soft drinks all night. You would still have to pay the same amount for them too. That is rather unfair to your business account.