Budgeting: Dollars and Common Sense
In This Chapter
• Find out why a budget is so important
• Identify what goes into a budget
• Understand the value of fixed versus variable costs
• Check out useful cost-saving tips
One of the first things to do after outlining your meeting or event’s goals and objectives is to prepare a budget. This is a key step because your budget is an essential tool that guides expenditures, and one to which you will refer frequently. Once prepared and approved, your budget, along with your goals and objectives, is your blueprint for planning your meeting. It will provide you with opportunities as well as restrictions, and allow you to make educated decisions to ensure you don’t lose sight of your meeting or event’s ...