1. to predict (a future condition or occurrence); calculate in advance.
2. to serve as a prediction of; foreshadow.
For many meetings professionals, Fall brings more than just the changing colors of leaves; it's also a time to reflect on the previous year and use those insights to build your budget for the year ahead. Forecasting for your meetings and events is a critical element of planning for your organization. In this Education Essentials, you'll find tips and tricks for assembling a robust budget, considerations for negotiations and concessions, a look at how your peers are budgeting and more.
Financial Management Toolkit
As part of the Resource Toolkit series, FICP has put together a Negotiations Tips and Concessions Checklist for reference. Check out some highlights in the infographic below, and access the full document. For even more on contracting, check out this past FICP Anytime Webinar: All Eyes on Contracting, Force Majeure, Cancellations, and More!
Poll: How Are FICP Meetings Professional Members Budgeting?
Ever wonder how your peers are managing budgets? Answer the polls in TheNetwork and find out how other FICP meetings professional members answered the questions, "What’s one thing you wish you budgeted for but didn’t when it comes to virtual meetings?" and "What didn’t you budget enough for when it comes to in-person meetings?"
Tips and Tricks for Returning to the Office and Hitting the Road
Whether you're starting to get back to the office for day-to-day operations or getting back on the road, in this blog post, Kristi Allan, vice president and senior manager of events at AllianceBernstein, and Jerilyn Johnson, meeting and conference planner at Sammons Institutional Group, share some tips and tricks to help you get back into the action. When returning to the office, it's important to review your company's guidelines for mask policies. When hitting the road, don't forget to double check to make sure you have your travel essentials, such as your passport, if needed.
Protect Yourself From These Financial Risks
The top three financial risks a person may face over their lifetime are not the markets; they include losing your job, losing your health and getting divorced. Unfortunately, all three of these risks are happening during the pandemic. What can you do to protect yourself from the three financial risks? Read on to learn about the steps you can take to combat these risks, including taking a closer look at your cash flow, assessing your debt and becoming familiar with health and disability coverage.
Incentive Travel Toolkit: The Business Case and Key Selling Points
An incentive program with a travel reward can be one of the most motivating programs an organization can put in place for their employees or channel partners. The impacts of a travel reward extend well beyond the earning period, creating long-term affinity for the sponsoring organization, creating strong relationships among the attendees and inspiring others in the organization to earn the reward in the future. Securing leadership buy-in for these programs is necessary for their success. Check out this resource for insights, article links, templates and more to help you build your rationale and business case for the use of incentive travel rewards.
#TBT – Budgeting for Uncertainty
In this past blog post, Kyle F. Jordan, CAE, CMM, CMP, director of conferences and meetings at the Financial Planning Association provides some suggestions for budgeting in a year of potential economic uncertainty. Among these tips includes adding additional attrition clauses, playing the waiting game on booking meetings, and hoping for the best and budgeting for the worst.
Are you looking to take your profession to the next level? Join the CMP Cohort! The cohort is a community of FICP members looking to receive their CMP certification and provides an opportunity to ask questions and connect with peers in the same space as you. Register for the next CMP Cohort Conversation, taking place on Monday, October 18, by visiting TheNetwork.
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