4 Surprises that Could Affect Your Event Budget [VIDEO]

Posted by Jon Young on May 22, 2018 10:43:58 AM

Budget. Big or small, every event has one, and every event needs one. Putting an event together takes much planning and can also take a significant amount of money. With all the moving parts, it can be hard to know what to look for in terms of budget surprises. The list can get pretty long, but Jon and Steve have pinpointed the important ones- and some you may not even have occurred to you.

4 Surprises that Could Affect Your Event Budget

Rigging

Rigging is the structure that is hung from the venue ceiling or roof that is used to hang lights, speakers, or projection. This can be a huge hidden cost, especially if your venue charges per rigging point.

Power

Each venue can charge a little different for power, and it's a charge that can surprise a lot of event planners. You can be charged for tapping into the venue’s power supply, no matter how little or how much you end up using. Some venues even charge you per outlet used.

Internet

Nowadays, everyone seems to have their iPad, phone, and laptop on them, especially for events like conferences. The internet bill for this can get expensive, especially if the venue charges per connection and device.

Labor

Labor may be the most surprising of unexpected costs for your event. Every event requires people to put everything together. Whether it's the sound guy, video operator, or the team putting up the stage, they all play a big part in getting your event together, and they all have a cost. The big shock comes when your show goes longer than planned, and overtime charges kick in. You may not be able to predict when and if you will go into overtime. But with careful planning and budgeting will make sure that if it happens, it will help prepare you.

Being aware of the types of event budget surprises that could happen will allow you to better plan for your event. Surprises are bound to happen. Having a project in mind, and being aware of where the surprises can come into play can go a long way. You want to make sure everyone ends up happy, like your boss, you, the attendees, and the event production team that helped pull the event together.

New call-to-action 

Topics: Event Planning, Video Blogs

Check Out Our Recent Blogs

Some Good News: Heroic Highlights

We can’t get enough of good news, especially when it comes from our...

Read More

The Forgotten Secret to Creating More Engaging Virtual Events

There is an undeniable “experience” associated with in-person events -

Read More

Don't Cancel That Meeting. Consider Live-Streaming!

The meetings and events industry has been shaken by the realities and...

Read More

Comments