Chill & Prosper with Denise Duffield-Thomas
Running live events
Jun 27, 2024
Explore the challenges and rewards of hosting live events like retreats and conferences. Get insights on financial management, maximizing profits, and balancing personal values while planning events. Learn valuable tips for starting small and scaling up slowly to ensure success.
25:27
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Quick takeaways
- Starting with smaller events can reduce financial risks and logistical challenges.
- Utilizing existing venues and encouraging attendees to manage their own accommodations can streamline event logistics and reduce costs.
Deep dives
Running Big Events Can Be Costly Initially
Organizing large events like conferences or retreats can be expensive and may not yield profits until several years. Many first-time event organizers struggle with filling event spaces and meeting contractual obligations with hotels, leading to unexpected costs. The tendency to overspend on lavish amenities can further escalate expenses, causing financial strain.
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