The 5 Media Sectors and Technological Convergence
Explore the 5 media sectors creating diverse products and understand how technological convergence has revolutionized devices. Delve into examples showcasing this convergence phenomenon and its impact on consumer behavior.
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Presentation Transcript
Budgeting For Success: Managing Lodge Event Budgets Lodge Leadership Development
Learning Objectives By the end of this session, you ll be able to: Articulate your goals relating to event budgeting Conduct research necessary for formulating a budget Identify fixed and variable costs and revenues Use a basic Microsoft Excel model to formulate a budget Manage your budget once it has been approved Lodge Leadership Development
Opening Activity Plan an event! Keep it realistic. Consider: Type of event Event name and theme Number of people Rough program schedule Location Lodge Leadership Development
A wise man once said A wise man should have money in his head, though not in his heart. -Jonathan Swift Lodge Leadership Development
Think Like a Businessman! A Business An OA Lodge Board of Directors CEO Maximize profits Have a budget! Lodge Executive Committee Lodge Chief Maximize program impact Have a budget! Lodge Leadership Development
The Budgeting Roadmap Step One: Define Your Guidelines How many people are likely to attend? Do you want to make a profit or break even? What kind of event programs do you need to finance? What is the event menu? How will the food be provided? What items can you get donated? Lodge Leadership Development
The Budgeting Roadmap Step Two: Do Your Research Lodge Leadership Development
The Budgeting Roadmap Step Three: Identify Fixed and Variable Costs and Revenues Budget Revenues Costs Fixed Variable Fixed Variable Lodge Leadership Development
The Budgeting Roadmap Step Four: Formulate Your Budget Lodge Leadership Development
The Budgeting Roadmap Step Five: Evaluate and Balance Lodge Leadership Development
The Budgeting Roadmap Step Six: Get it Approved Explain the process you followed, the budgeting roadmap Overview the guidelines you set and provide your research Walk through your spreadsheet slowly and in simple terms Justify your budgeting decisions and explain why you made them Lodge Leadership Development
The Budgeting Roadmap Step Seven: Get it Approved Lodge Leadership Development
The Budgeting Roadmap Step One: Define Your Guidelines Step Two: Do Your Research Step Three: Identify Fixed and Variable Costs and Revenues Step Four: Formulate Your Budget Step Five: Evaluate and Balance Step Six: Get it Approved Step Seven: Execute and Record Lodge Leadership Development
Questions? Takeaway Challenge
