sports team budget spreadsheet pdf -proposal

Simply plug in your numbers for each cost line item on tab 1 and revenue line item on tab 2. Percentage-driven costs like participant payment fees, discounts / promotions, referral / sales commissions, vendor transaction fees, and tips.Fixed costs (those that do not vary with group size) such as insurance policies, sales & marketing spend, and host / facilitator expenses.Variable costs (those that depend on the size of your group), including expenditures related to transportation, accommodation, catering & foodservice, and supplies.That way, you’ll feel so much less pressure to fill your retreat, you’ll be able to relax earlier in the process (knowing that your costs are covered), and you’ll make a bigger profit for each additional person who signs up. Instead, choose a lower number (like 6-8) for the minimum number of participants you’ll need in order to cover your expenses and pay yourself. This is so important! If you have, for example, a total of 12 spots open, don’t price your retreat so low that you’ll need 12 people in order to make a profit. Focus On Your Minimum Group Size For Profitability Instead, have a pricing strategy based on a) a clear retreat budget + b) the amount you need to make so that you can avoid overwhelm and stress when promoting your retreat. This, of course, is a recipe for worry and possibly failure you’ll run the risk of losing money or having to cancel your retreat. Many retreat leaders make the mistake of pricing their offerings too low, and are only able to make a profit if it sells out. Here’s where being clear on your retreat budget right from the get-go is key. Be sure you cover yourĮxpenses AND pay yourself with the pricing you set.

You don’t want to just pull a number from the sky to price your retreat. Don’t forget to factor in those “sneaky” expenses like gratuities, baggage fees, etc. Lay out all of your expenses in a spreadsheet, including things like cost per participant for lodging, food, travel, extra activities, gifts, etc.

Clarity in your finances is by far one of the most important aspects of planning a retreat. You want to do this before you price your retreat. Here are three simple steps to budget and price your retreat for success: 1. You need to have a clear budget in order to make an informed decision on the right price for your retreat. One of the most important metrics is your retreat’s profitability – you want to make sure you are getting compensated fairly for all of the time and energy you’re putting into it!īudgeting and pricing go hand in hand. But it also takes a lot of planning and organization to make them successful. Retreats are a great way for wellness professionals to connect with their clients and offer them deeper, more immersive experiences.

Sports team budget spreadsheet pdf -proposal