...SO HERE WE ARE...

Growing up, I have always loved organising, planning and just basically being the one people would point at and say "She planned it all and did a good job", even though most of these times I knew in my heart of hearts that it was a major flop. I just loved the idea of planning and organising stuff, even if at the end of the day, I don't come through with it.




As I grew up, my love for planning and organising grew stronger towards the events side. I planned a couple of small parties in University, and also though of having my own events management outfit(to the extent of having a name already for it), but the course I studied is a very jealous one, so I just focused on it, graduated, did a post graduate course and served my fatherland.
The passion was still there, but somehow I just felt I should focus on other things, like getting a regular corporate job, until one faithful day, my passion came knocking vigorously at the doors of my heart saying "IT IS TIME"...(lol)

 


On that day, I went for my cousin's wedding in Shagamu, and I swear, it was the worstest(if there's any English like that) event I had ever attended in my life. They were not organised one bit, the most annoying thing was that they actually had an events planner(and I kept wondering was it because the events planner was in Shagamu, and there was no competition there, unlike in Lagos where the events management business is fast growing). I practically stood up to organise the whole thing myself. Am sure the ushers were just there to collect their pay at the end of the event, because they did nothing.
Before I left, I made sure I gave the event planner all that was running through my mind.
On my way home that day, I just knew it was high time, but of course I knew I had to put it into God's hands first.
.....So here we are.
You can go through our profile and find how you can contact us, just in case you need our service, you'll be glad you did. You can also visit here every week for some articles on some events management topics.
ENJOY!!!

EVENTS BUDGETING

 

Budgeting is planning the financial aspects of any project. This part of any project planning is highly important, because once this is settled, every other part of the planning process falls into place.
You don't want to under plan, thereby opening the risk of having a less quality project, neither do you want to over plan, thereby opening the risk of spending too much, and having nothing left in your pocket or in your bank account.
Just like any other project, an event is a project too. This is where we would be focusing this article on today.
In the events industry, the task of budgeting is perhaps the most important feature in ensuring the success of the event as a whole. Without it there is no way to manage all the expenses and avoid the hidden costs which invariably creep in.

Even the "good book" says that before you undergo any project, sit down and count the cost.
I always tell my clients, that its important that they have a financial budget tied to whatsoever event they intend to have, it would help in the smooth running of the whole planning.
Budgeting is part of the whole planning process, and it should come at the beginning of the planning process. It should take at least 2-3weeks of your planning process(depending on how far your event is to come up)
It is also particularly essential to plan carefully and prioritize what needs to be accomplished.

 

For instance, in planning an event, after setting the date, the 1st thing on the budget list, should be the venue, and this should be settled first, because really, you can't have an event without a venue.
Budgeting is essential, because it is at this stage that all cost constraints will be established and taken care of, before the project is carried out. This will avoid disappointments on the part of the client.
Sticking to a strict budget also encourages the event planner to consider possible problems before they arise, so that there is a viable solution.
The budget should include: Venue(which is primary and mostly where the vital part of the finance will go to, but this must be done wit caution), Catering, Decor, Entertainment, Gifts, Printings charges, Logistics, Miscellaneous etc. It is also important to have a contingency fund as part of the budget, in case of emergencies.