Risky Business
A procedure to resolve a contractual dispute outside of the court system
What is arbitration?
A smart event planner determines these first before plotting a course to success.
What are goals and objectives?
An outline of activities that tells attendees when and where to go throughout an event.
What is an agenda?
Contributions, tickets sales, book sales, sponsorships, t-shirt sales, exhibit fees are all examples.
What is revenue/income?
A concept whereby organizations voluntarily adopt the interests of the communities in which they operate.
What is Corporate Social Responsibility (CSR)?
A legally enforceable, binding agreement between two or more people or parties.
What is a contract?
The "S" in SMART goals.
What is specific?
A list of key dates or milestones that ensure no detail is overlooked.
What is a timeline?
Expenses that don't change regardless of the number of attendees.
What are fixed costs?
An example of this might be replacing disposable styrofoam cups with recyclable or reusable ones.
What is green or sustainable event planning?
Written plans addressing every conceivable emergency or urgent issue.
What is contingency planning?
The "M" in SMART goals.
What is "measurable?"
A comprehensive document that organizes and spells out details and to-dos.
What is a checklist?
Costs that fluctuate depending on the number of event participants.
What are variable costs?
Reducing carbon footprint by displacing CO2 emissions elsewhere.
What are carbon offsets?
A legal clause that releases the parties from contract obligations when circumstances beyond their control make those obligations impossible to fulfill.
What is Force Majeure or an Act of God clause?
What is percentage of financial gain or financial return on investment (ROI)?
What is a budget?
Divide fixed costs by (entry fee minus variable cost per person).
How do I calculate number of participants needed to break event?
When a venue or organization makes claims about sustainability without taking meaningful action.
What is "greenwashing?"
An agreement in which one party agrees to protect the other party from liability, damages or out of pocket expenses that may occur.
What is indemnification?
The "T" in SMART goals
What is time-bound?
A chart plotting all event tasks by start date and target completion date.
What is a Gantt Chart?
A more complicated, but also more accurate method of accounting rather than cash accounting.
What is accrual accounting?
Encompasses not only what companies DO with their profits, but HOW they make them.
What is Corporate Social Responsibility (CSR)?