Strategic meetings management (SMM) is, without a doubt, important, yet too often internal clients and stakeholders hinder SMM implementation.
Thousands of grants and other funding sources are available each year in the United States alone from a variety of sources. This is an overview of management and compliance issues related to the grant/funding process.
These five tips will put you on the path to delivering a rock solid, controlled and insightful financial presentation to execs.
As meeting planners or suppliers, some of you probably have a home office like I do. The IRS now offers a simplified method to give you a tax deduction for it. You might have heard something about the home office deduction in the past. And you may think this might lead to increasing your chances […]
Determining best practices for service charges, gratuities and tips continues to be an area of confusion in the event and meeting industry.
Planners asking speakers to present at an event–for free–is nothing new in the industry, but the topic is getting more consideration as of late. In those discussions, some common threads are emerging, but it is clear that the industry is divided on this issue. Here are some scenarios and ideas that you may have encountered and how best to manage them.
Strategic Meetings Management (SMM) is your best career buddy because it provides quantifiable, clear progress to goals, and everyone should realize that in order to know how much you are worth, you have to know the value you have provided to the organization.
If you want to become master of your personal and professional finances, you have to make friends with your spending habits and Excel spreadsheets.
The financial aspect of our jobs isn’t easy, and it isn’t one that comes naturally to everyone. But we’re all expected to do it and do it well.
The acrimony over expenses continues, but not only meeting planners should be under fire.
Remember that gratuities are earned. Do what makes sense to you.
The little “++” that appears on each menu page don’t mean you’ll receive extra food, service or attention.
Or, how to sell more exhibit space and keep everyone happy.
Meetings and event expenditures can represent up to 60 percent of a company’s transient business travel costs and 1.5 percent of its revenues, but many companies don’t have a cohesive meeting and event spending strategy. If they did, they could save an average of 10 to 25 percent of that meetings and event spend annually, […]
Last month, I led a session called “Making Cents: Cost-Saving Measures to Improve Your Meeting’s Bottom Line” at MPI’s Cascadia Educational Conference (MPI-CEC) in Tulalip, Wash. During the course of the session, we tackled many challenges the meeting professionals in attendance were facing. Here are their questions along with some of the solutions we found. […]
Does your company have a strategic meetings management (SMM) program in place? If not, it may be missing an important opportunity to cut costs and control meeting spend. SMM programs define a company’s standard operating procedure for planning meetings and events. Some companies require every meeting request be registered with the strategic meetings management department. […]
Companies spend about $6.8 billion annually sponsoring events such as the Olympic Games, Indianapolis 500 and Kentucky Derby. Companies also sponsor smaller events, ranging from concerts and conventions to luncheons and fundraisers. Sponsors typically pay a premium, but sponsorships also may be in exchange for goods or services, advertising or media exposure. Finding a sponsor for your event makes good business sense, both for you and for them.