Budgeting

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Transcript

Budget is the amount of money that is available for, required for or assigned to a particular purpose. In the context of your exhibition, it is basically the amount of money you require on planning and running your exhibition and you will have to determine if you have enough money to meet this need. To be able to determine if your budget is enough, you must be able to determine what are the costs that you are going to face. Let's check together the potential costs you're going to face for your exhibition. material costs are costs related to anything that is needed to create your artwork. We are talking about material like brushes, pain, Canvas, photographic paper.

This also includes matting and framing costs which can be a very high outsourced travel costs are those associated To fewer parking, car rental public transportation fee to make your exhibition possible. For example, if you're traveling to a location for meeting with the organizer for preparing the opening, discussed his travel cost. advertising costs are those needed for marketing your exhibition. These include flyers, business cards, and eventually online ads on social media. This can be freebies like postcards you're going to use as souvenirs for your exhibition. Lastly, this can also be your attire for your opening as you are yourself a critical marketing asset for catering costs.

If the location takes care of the whole catering, then this will be less costs on your side. Your job will be to tell them occasion how many guests are expected. Else you have to include the costs Food and drinks in your budget. conversation can be money or meals, you're going to pay for rewarding the effort of your helpers. I am used to inviting my helpers for lunch or dinner. This pay costs are those associated mainly with the use of material needed to hang your artwork.

At the table costs here are referred to costs needed to put a good mood to your show. For me, this means mainly background music for the opening. This will be for example and online music streaming subscription or hiring a live band to play. Finally, in case you rent a space to exhibit your work, then you should include this cost as well.

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