A Successful Golf Event Starts with Your Budget

The first step in planning your event is to set your financial goals. This mean establishing revenue and expense projections. We recommend that you have a three year plan in place for your event with goals for each year. So if this is your first event, set your goals for the next three years. If this is an event that has been held in the past, you still want to have a 3- year plan in place so you can track your results vs. your goals and adjust accordingly.

One important reason for the financial plan is to establish all your costs before you decide what to charge players and sponsors. If you don’t know all your costs, you may fall short of your target net revenue.

Here are revenue and expense categories to include in your financial plan:

Revenue Categories

  • Player Fees
  • Sponsor Packages
    • Title Sponsor
    • Presenting Sponsors
    •  Breakfast or Lunch Sponsor
    •  Putting Contest Sponsor
    •  Beverage Sponsor
    •  Golf Cart Sponsor
    •  Hole in One Sponsor
    •  Long Drive Sponsor
    •  Awards Reception Sponsor
    •  Hole Sponsors
    •  Pin Flag Sponsors
  • Putting Contest
  • On-Course Contest
  • Super Ticket/Mulligans
  • Raffle
  • Auction
  • Donations During and After the Event
  • Guest Fees for Non-Golfers

Expense Categories

  • Golf Course (Golf, Carts, Service Fees)
  • Event Day Food and Beverage
  • Audio-Visual Equipment (if not provided by the course)
  • Event Marketing
  • Website
  • Committee Meeting Expenses
  • Team Prizes
  • Player Gifts
  • Customized Signs, Banner, Pin Flags
  • Event Day Contests and Prize
  • Million Dollar Shot/Post Event Shootout
  • Sponsor Thank You Gifts
  • Photographer
  • Volunteer Shirts or Hats

Perfect Golf Event works with thousands of golf event organizers and we can help you with sample budgets, selecting a golf course, formats to attract players, effective sponsorship packages and more. Visit PerfectGolfEvent.com to learn more. You can also ask to be contacted by a Golf Event Coach experienced in working with golf event organizers on fundraising golf events.