Darryl Downey promoted Ireland’s first major Country Festival, the Midlands Music Festival, for 2 years, at Ballinlough Castle and Belvedere House, which featured artists Kris Kristofferson, Van Morrison etc.
2. The simplest way to evaluate your activity in
organizing an event is by relating to the value you
give to your time.
There are several types of budgeting for an event
planning consultant and they are detailed below for
you to choose the most suitable option for your
work style:
3. As you have met with lawyers, programmers or
consultants, event management is an area where
you can draw up a budget based on the number of
hours worked. It takes a fairly clear prediction of
what an event means so that you can make an
accurate estimate of the hours worked.
4. Another method is to budget the creation hours
with a higher rate and the implementation to
allocate it to a younger member of the team, for
which to budget a lower rate per hour. Depending
on the estimated number of hours, you will also
have a general budget for event organization
services. Some events can reach 200 or 300 hours of
work over a longer period of time.
5. If the hourly evaluation of your work may seem
complicated for the client, you can start from similar
premises but to design a fee per project. The
mechanism is the same: evaluate how much time
you will allocate to that project and ask yourself
what the value of your work is.
6. If we are dealing with larger events, from which you
will have to pay other people, you will need to
include these costs in the final budget. This budget
option is more relaxing in terms of time
management. Regardless of the number of hours
worked, you will get the same amount, so it's up to
you how efficient you are.
7. Another form of payment for event organization
services is the percentage of the managed budget.
This option is profitable for the organizer only if the
budgets exceed 10,000 euros because the
responsibility and effort are quite high. The
percentages you can negotiate range from 15% to
20% of your total budget.
8. This budgeting time involves a large volume of
transactions that you have with locations and
suppliers in general, but it is the most advantageous
for the customer. An event organization company
that constantly runs large budgets will, by default,
have a substantial discount from suppliers.