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Ep. 154 - 10 Ways Your Retreat Budget Gets Blown: A Guide to Staying on Track and Profitable
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In today's episode, I dive into the top 10 budget busters that retreat hosts face and how to avoid them. From choosing the right location to managing food and swag costs, I share practical tips to help you stay profitable while delivering an amazing retreat experience. Whether you're a seasoned host or planning your first event, these insights will set you up for success.
Key Takeaways:
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Location Selection: Opt for budget-friendly destinations that align with your retreat's theme.
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Room Blocks: Approach room blocks cautiously to avoid unnecessary costs.
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Budgeting: Know your break-even number and track expenses closely.
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Food Costs: Be strategic with meal planning to minimize waste and expenses.
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Hotel Expenses: Understand all potential costs associated with your venue.
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Team Expenses: Budget for your support staff's travel and accommodation.
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Swag: Choose meaningful and cost-effective swag items.
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Alcohol: Use drink tickets to control alcohol consumption and costs.
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Event Size: Start small to manage costs and gain experience.
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Self-Care: Prioritize your well-being to ensure a successful event.
Links:
Join my Free Mastering Retreats Workshop Series: amberhousley.com/retreatworkshop
Explore my Invite & Delight Retreat Planning Program: amberhousley.com/inviteanddelight