How New Government Guidelines Can Increase Your Value

As a business meeting and event planner, you are constantly searching for ideas to add value to your services. Recently the federal government published guidelines to the businesses receiving bailout dollars. These guidelines can in fact aid you to be a more desirable planner.

The boards of directors of businesses getting serious support from the government have got to adopt a company-wide policy on any disbursements associated to air transportation services, entertainment and holiday parties, and conferences and events. This policy is not meant to include conservative expenses for sales conferences, team development, justifiable performance incentives and other standards attached to a business’ ordinary business operations. What does this mean? Here are a few of the limitations and ways you can avail yourself of them to cause your client’s firms appear golden even if they are planning incentive travel.

1. Businesses arranging events that cost more than $75,000 are obligated to put in writing a statement that in substance confirm that the conference will be of benefit and ways the company will accomplish that target. If you layout every convention with your client in the exact fashion — no matter the cost–you possibly will be able to observe methods to decrease the expense for your client by discovering flaws in the event strategy.

2. Bailout corporations are allowed to expend no more than 15% of their entire expenses in support of marketing and sales on events, meetings, incentive travel, rewards, and so on.– in other words, nearly anything you may possibly set up for them. This is a useful way for you to discover ways to slash expenses without cutting crucial corners. Assist all your clients to preserve more money and you might earn their loyalty.

These guidelines applied simultaneously are like slamming a home run out of the ballpark and into a neighborhood many blocks away. Concurrently they turn out to be a mega-plan for generating efficiency, savings, and a original look at events. And that brings about value –value in the event, the strategy, and you.