Wednesday, February 27, 2013

Saving money when planning a mega event






         Entertainment business planning has become a challenge for many businessmen in the area. In the present, budgeting for a specific event could be difficult to handle these days, because of economic situation in many places around the world. Furthermore, when approaching a big entertainment  event many people could be interested in the idea, but they might not realize all the implications that are associated with it. There are many articles, which explain how business planners should take in consideration many important aspects before, during and after the development of an event. As the matter of fact, there is a research study that shows the absence of some important factors to be revised during and development of a entertainment mega event.
          The paper expresses a concerned about the way to manage budgeting of an event during difficult economic times and how to have it with the efficiency of a great event  It develops twenty different ways to improve budgeting during an event, including main points. For instance before, during and after the event. These main points includes reducing the number of staff, eliminating open bars, not serving dessert, having a buffet instead a plated meal, using existing decor in a chosen venue or hotel, create re-usable signage and banners for cover signature and some others. Therefore, there are many ways to reduce budgeting in event planning recommended by the author.
         It shows directly what could be some of the main sections of developing an event without spending too much the article helps you to understand many aspects of an event that could be improved or though of differently in order to reduce the event prices for better budgeting.
          Moreover, the article based the result data including surveys and interviews in order to identify the lack of supervising and evaluation during the progress stage for mega sport events. It shows the idea of the “triple bottom line” is an easy way to understand and how could be incorporated to remember important factors that affect the results such as mega events investment, budgeting, social impacts, health protection, and sustainable environment. On the other hand, readers should be aware that many aspects mentioned in the article are especially for sports mega-events planning only such as sports facility analysis, living accommodation and others.

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