Locating A Quality Corporate Event Planner

picture corporate eventDo you have an event coming up that is going to be a big deal for you and your firm? This does happen a lot and when you are given the responsibility to make sure everything goes through as you had hoped for it to go through, it is time to make sure that you have the big guns working for you. This is what matters the most when you are trying to ensure everyone is happy with the event that is thrown together at the end of the day. Let’s take a look at what it takes to locate a quality corporate event planner and make sure it is done the right way.
Ask People
You need to ensure that you are asking people that have done this in the past along with those who might be working in the same industry as you. Running a business is one thing, but throwing together an event of this nature is different and you have to make sure you are getting the type of advice that is going to help you now and in the future as well. This is only possible when you are willing to ask people and see what they have to say.
Meeting Them Is Key
This is a mistake that a lot of people make for no reason at all. They don’t sit down and meet with the person that is going to be doing the planning and just go with the first choice they see. This is not a good idea and you are going to be asking for trouble by doing this. Make sure that you do set up an appointment that is going to let you speak with them and ensure that you are getting all of the details of what their approach is going to be moving forward.
When it comes to finding a high quality corporate event planner, you have to make sure that you are going through the process in a patient manner. Of course, you will have a deadline in place that has to be met for the event to take place, but when you have a quality person on board, you are going to have everything go through rather smoothly and that is something you should be aiming for right away. It saves a lot of time and effort on your part as a whole.


Purchase Order Financing Vs Accounts Receivable Financing

finance dealAccounts receivable financing and purchase order financing are two types of business financing that often get confused with one another. It is understandable that most people get confused with these two, however, they are very different types of business financing that serve different purposes.

When you have outstanding invoices on your aging report and you wish to access the cash immediately instead of waiting to be paid at a later date, you will use Accounts receivable financing.

The two types of Accounts receivable financing that are most commonly used are Factoring and Asset Based Lending.

Asset Based Lending

You can attain traditional bank financing or have the alternative business financing which is in the form of asset based lending. If you qualify for bank financing, then go with that route as the cost of capital will be less that the asset based lending. You get to receive a line of credit from a lender and then use your accounts receivable invoices as a collateral.

Each lender has a different underwriting standards but the important thing to remember is that the strength of your company or business will still play a major role in getting approved. Note that you will not get bank financing if your business is losing money, banks can be very conservative.


This is the second form of financing where a third party buys your accounts receivable invoices at a discount so you can receive working capital instead of waiting for 30 or even 90 days to get paid. Factoring is a more flexible method in the sense that you are qualified based on the strength of your clients and not your own financial strength.

Purchase Order Financing

Better known as PO financing, purchase order financing is used when there is need for capital to fulfill and order getting a PO. Small companies that start to receive large orders can go with this type of alternative financing to sustain their business growth. Purchase order financing can only make sense when the profit margins are large enough to offset the capital cost. It can be costly but it is still cheaper than equity.

So, keep in mind that PO Financing is used on the front end of a transaction while Accounts Receivable Financing is used on the other end of a transaction. If your business needs financing for survival or growth, remember you have two types of alternative financing that may be very helpful.


Corporate Event Planning Cheat Sheet

planning corporate eventsWhen people are working for a large corporation, they may notice the corporation has events on a regular basis. This is when some people may end up being put in charge of these events. To help people out, they need to know about the corporate event planning cheat sheet they can use. By using these sheets people tend to get the event planned quickly, but also are able to get all the different aspects of the event included.

Selection of the right location is key. When people are planning these events, they need to make sure they are using a location that suits their needs, but also will allow for the expansion of the event if needed. To properly evaluate the location, people may need to visit the location and even talk to the manager about the amenities being offered.

Invite only the people who need to come. Sometimes an event will be for a specific department, but everyone gets invited. This dilutes the event quality, but also removes the importance of the event for the marketing department. However, by just having the marketing department in attendance, they will learn more, but also feel valued higher.

When selecting vendors for an event, people need to carefully evaluate what the vendor offers. This evaluation means looking at the products being offered, how the display booth is set up, but also figuring out if they will add value to the event or not. Without this consideration being made it is possible to book the wrong vendor who cannot provide what you need to have.

Get the agreements in writing well before the event is a good idea. By getting all of the agreements in writing, it is easy to avoid any type of surprise and unexpected bills. The big agreements to get in writing is the vendor agreements and the site agreement. However, getting these in writing will help people know the exact cost of the event and know how much any type of overcharges will be.

Looking for a guest speaker at the event can be a challenge. The reason this is a challenge is the speaker should be an expert in the field they are coming in to speak about. To find the expert, people will want to check the Internet, look at the references they have, find out the experience they have, but also talk to people who have heard the person speak in the past. Then people will know if they are getting a good speaker or not.

Avoid vague language in any of the contracts. This is often called the gray areas of legal contracts and if to much vague language is seen, people can have problems with any type of legal claim they have. This in turn will not help them in winning any of their legal battles, but also could end up leading to a legal battle.

Read all of the fine print on any of the contracts that are present. The fine print is often going to be the out clause and some of the other clauses. When reading these clauses, people need to make sure they understand them completely. Then people will be prepared to put together their first corporate event planning plan.

Larger companies often have events for their staff, but also host events in various venues for vendors, customers, and even the general public. Most of the time, people will have experience before they are put in charge of these events, but this is not always the case. When people are not experienced at this, they need to know what to include in the corporate event planning cheat sheet to avoid any mistakes.