Planning and executing an event is not a one person show and Vendor Management is the most crucial part of your event business. Vendors can either make or break your event. Here are some useful tips to make help you navigate through.
- Keep at least 2-3 vendors for every service. You never know who fails you at the last moment the perfect vendors for your event
- Put your service level agreement in a formal contract with payment clauses. Never rely on verbal commitments
- Involve your vendors in the planning process to get the most out of their services
- Work with established vendors in the market for your key events