How to Throw a Company Party on a Budget

How to Throw a Company Party on a Budget

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The holiday season is approaching. Along with hectic preparations in regards to inventory, staffing, and financial preparations, you might be looking to plan a company party. A party can be a great chance to reward your employees for their hard work or for a successful stretch of time, and a chance to unwind and build rapport with coworkers.

All that aside, it can also be a strain on an already tight budget for your small business. Is having a company party really worth it financially for your business? Here are some tips for how to reward your employees with a party without breaking the bank.

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Have it in the office

One of the biggest costs of throwing a company party can be paying for a venue. Depending on how extensive your guest list is, you may already have space enough in your office to host the party.

If you run your company from your home, and you have the space, it could be an opportunity to bring in employees or vendors you don’t usually see in person for a great networking opportunity in your own home. By saving money by having the party in a space you’re already paying for, you can devote a little cash to decorating or making the space seem more festive than the usual office environment.

Make it a potluck

Before you roll your eyes and completely write off the potluck idea, think of your employees. While a caterer can make for less work for everyone at the party and certainly for you as the party planner, the homemade touch of handmade dishes can bring a new element to the gathering. If your employees have a particular specialty dish, it could be a chance to share those talents with the office while saving the business some serious cash.

DJ iPhone

Paying for a DJ, while again taking one more responsibility off your hands, can be seriously expensive. The great news is that you live in the 21st century, and you have access to every song ever on your phone. With a simple music app like Pandora or Spotify, you can rig your phone up to some speakers and set a nice environment for the party. Most music apps allow for a premium version that skips commercials, and may even offer a free trial, to keep your party free of the occasional ad for your local mechanic.

Be honest with yourself, if your taste in music is less-than-stellar, especially compared with those with whom you work, maybe let somebody else make the music choices.

Games

To truly help people loosen up, consider introducing some party games or other activities. These can allow your employees to mingle and interact in a way that doesn’t involve work. You can even consider doing a raffle of sorts, with carefully chosen items as to not break the budget, of course, to have some fun as well.

Take time to recognize employee achievements

To truly make it a celebration of the company, take time at the party to recognize individual achievements. This can give employees an opportunity to congratulate each other and invite good vibes into the space.

Remember that the company party is meant to be a perk for your employees or a celebration of their hard work, so make an effort to highlight a job well done on their part to make them feel appreciated.

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About the Author — Connor Wilson is a writer at Nav, a free site giving business owners access to their business and personal credit scores, and tools that match them to the best financing and services.

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