Financial Management & Budgeting for Events

This masterclass will teach you the foundations of event budgeting and transform your financial management skills.

• Understand the principles of budgeting
• Compile and manage an event budget
• Understand the difference between income and cash flow
• Get to grips with the art of negotiation (including procurement)
• Grasp the pros and cons of supplier tie-ins
• Appreciate the necessity of contingency planning
• Know how to make a profit from your event

Understand the following:

• Income vs. Expenditure (Gross vs. Net income)
• Estimated vs. Actual Income/Expenditure (variance tracker)
• Contingency re percentages of spend
• Client budget vs. internal budget
• Return on investment (ROI)
• Purchase Orders and invoicing
• Venue and supplier contracts