There’s no denying that everyone loves a good Christmas party, you need to get a move on to get yours sorted. It’s a time to spend celebrating your year in business and the hard work of the employees with free flowing drinks, lots of food and an abundance of festive cheer.
With all the excitement, it can be easy to get carried away and, as a startup, keeping an eye on your costs should be a top priority. However, this doesn’t mean that you and your employees, no matter how small the headcount, should not celebrate.
Here are some tips to help you get into the party spirit without putting too much pressure on your bottom line.
Make a budget
A good way to watch your budget is to plan in advance to avoid costly last minute prices. Do your research a few months ahead to find the best deals. If it now works out that it’s not going to be cost effective to have a party in December, why not see what the prices are like during the rest of the year? There is no rule about having a big celebration outside of the snowy months, so holding off may give you a better and cheaper opportunity to bring your startup together. It might be nice to give your team something to look forward to in the gloom of January, or maybe after the end of the financial year.
Join forces with other startups
If you’re in a joint workspace, or your office is within a shared building, why not have a Christmas gathering together? You will need to make friends with the other businesses to convince them in sharing their festivities, but there are a lot of benefits with doing this, not least in helping to build a crowd for a party. It will help you get to know your neighbours and splitting the cost is a great way to still pull off a big shindig without putting too much pressure on your bottom line. Also, depending on what industry you’re in, you could use the party to network and build up your contacts.
Avoid December costs
With busy social schedules in December, it can be difficult to find a date that’s suitable for everyone. If this is the case, you could choose to have your Christmas party during work hours. Partying at 3pm may not be ideal, so it could be a nice idea to offer a Christmas lunch. This cheaper alternative is still a good way to bring everyone together. You could jazz it up with festive games or, if you’re feeling particularly generous, give your hardworking employees the rest of the afternoon off. After all, how productive are you really on a Friday afternoon? Especially after a big feast.
You’re not a money-making corporate giant just yet so don’t flush cash down the metaphorical party toilet. You don’t know what may happen with the future so you should safeguard any funds you do have with legitimate business expenses only. It can be a good idea to talk to your team to ask them what they may like to do. This way your efforts will not be wasted. Keep it small and simple, you could even ask your team to bring in dishes for a buffet or contribute to the do. Don’t feel like you have to do something too lavish, your employees will know that your budget is modest and will appreciate your efforts. A team dinner and drinks, tickets to the theatre or a comedy night; work with out of the box ideas to create something memorable but without the cost.
Remember to celebrate!