Fundraising events are a great way to bring in large donations and publicize your organization. However, throwing an event that is both fun and profitable is no easy task. Successful event planners understand that the bulk of the work, from strategizing to budgeting to marketing, occurs before the event.

Improper budgeting and goal setting can result in a fundraising event that only breaks even or, worse, costs more money than you raised. Your budget and financial goals should be detailed and realistic. Account for all estimated costs, including the cost of supplies that might be donated, such as food or equipment. Be conservative in your donation estimates, and consider padding your budget by 5-10% for unexpected and last-minute costs.

A successful fundraising event is impossible without volunteers, sponsors, and guests, so it’s important to reach out to the community, businesses, friends, and colleagues early on. Sell people on the purpose of your fundraiser, and explain why participating or donating can benefit them. It also helps to offer incentives—such as a pizza party for your volunteers, recognition for your sponsors, and prizes and entertainment for your guests.

The right sponsors can provide prizes, catering services, venues, equipment, publicity, and more to offset the costs of hosting the event. Sponsors with good name recognition can also help you attract a bigger crowd. When soliciting sponsors, describe the benefits of participating in the event, and show how sponsorship can align with their business goals and brand.

On the day of the event, make sure that your team of staff and volunteers are well organized and understand exactly which tasks they’re responsible for. When your guests arrive, provide them with variety of ways to donate, including raffles, auction items, secure donation boxes, and so on.

When your event is over and the cleaning crews have returned the venue to its original state, take stock of what you’ve accomplished. Determine the event’s return on investment by comparing your total donations with your total expenses. Then, send thank-you cards to donors, volunteers, and sponsors to let them know you appreciate their support. If you give due recognition to both volunteers and business sponsors, you’ll form partnerships that you can tap for future events.

Conference calls are great when face-to-face meetings are not possible. But when you are working with people over the phone rather than in person, there are some unique challenges.

Here are 7 tips on conducting effective teleconference meetings:

1. Prepare ahead of time. Make sure all participants know the number to call and send them the agenda and all necessary reports or other materials a day before the meeting. This gives participants time to get familiar with the agenda so they are able to prepare comments or questions.

2. Announce yourself. Have speakers announce who they are prior to talking if there are several participants on the call. Trying to discern voices over the phone can be difficult, which makes it hard to attribute who said what.

3. Take notes. Write down action items, questions, issues, and other important points during the call. It can be hard to remember exactly what was said after the meeting is done, so notes come in handy for referencing. Also, write down any comments or questions that come to your mind during the meeting, so you can raise them when it is your turn to speak.

4. Use mute. Sounds can be highly distracting on a conference call, so encourage everyone to use mute when they are not speaking. This ensures you can hear each other – and not clacking keyboards or background conversations.

5. Do check-ups. When on teleconference calls, the usual visual cues such as nodding, head-shaking, or looks of confusion are missing. To make sure everyone is on the same page, ask once in a while, “Does everyone agree with this solution?”

6. Keep the meeting on track. Everyone’s time is valuable, so it is important to keep the meeting moving along and cover all the agenda items. If one issue is taking too long to discuss, and it does not involve everyone on the call, have those who are involved address the issue on a separate phone call after the meeting.

7. Summarize the meeting. Review actions items and other important takeaways at the end of the meeting, and make sure all participants know what the next steps are. Send out meeting notes immediately following the end of the call, so everyone can review what was said when the call is still fresh in their minds.