Meetings need to be impressive, especially when they are open to the public and/or consumers. Even meetings with partners, suppliers, and industry peers are important enough to plan ahead for. The problem is that quality always comes at a price, and it is difficult to find the right balance between quality and price. Follow these simple pieces of advice to strike the best deal:
- Balance – Start by understanding that there is a balance between quality and price, and be willing to make a definitive line in the sand to ensure that you do not spend too much or cut costs too low.
- Negotiate – Nearly every service can be negotiated with, so be willing to see how flexible caterers, chair rentals, and even facility management companies are. Chances are good that they may be more flexible than you might initially think.
- Distribute the cost – Costs can be distributed to the participants in some cases via ticket pricing and/or over time with financing. If the company has a credit card with a long no-interest introductory rate, that might prove helpful when paying for services that do not have their own financing/payment options.
- Consider exchanges – Does your company have a valuable service to offer? If so, consider bartering to save even more money. Such an exchange could even result in referrals down the road that make working at or near cost a good idea.

