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This document can be quite lengthy and in-depth because it fleshes out every detail regarding your venue business – from facility and organizational structure to finances, budgets and marketing. But I’m not a fan of full kitchens unless you know you’re going to book out 300 catered events a year in your event center.
Say Goodbye to Money Stress + Missed Opportunities Even if your business has an accountant, staying on top of your finances is a challenge and only becomes more difficult as you scale. This is handy for internal purposes, but sending snapshots of your finances regularly to lenders can ultimately make them stickier and increase your capital.
Say Goodbye to Money Stress + Missed Opportunities Even if your business has an accountant, staying on top of your finances is a challenge and only becomes more difficult as you scale. This is handy for internal purposes, but sending snapshots of your finances regularly to lenders can ultimately make them stickier and increase your capital.
Event planners should watch out for these extra costs: Cleaning fees and room reset charges Union labor requirements Rigging points for audiovisual equipment Power and continuous connection costs Marketing and promotional materials Technical support staff Smart planners set aside 10-20% of the total budget as a safety net for surprise costs.
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