Event planning company business plan

Soapy Rides will be run by Mark Deshpande, of the prominent Deshpande family.

Event planning company business plan

Follow These Easy Steps There are a million and one things to think about if you are considering starting your own event planning business.

Whether it is a distant dream or almost a reality, here are 22 steps you need to take to set up a successful event management company. Starting up an event planning business is not a decision to take lightly. It is a major decision which impacts not only on your life but also on your family and others around you.

Bureau of Labor Statistics. As one of the one-third of businesses that have survived past the ten-year mark my event management company was established inwe wanted to create the ultimate useful reference guide to help others take those important first steps to being their own boss.

It is a high risk, but potentially high reward strategy over the long term. Here are the details and the process you will need to follow before officially launching your event planning company. There are lots of things to think seriously about and we have flagged essential action to take for each step.

Read, digest and bookmark this article for a blueprint of how to prepare to launch your business and ensure the best chance of survival.

Gain Varied Event Planning Experience The more event planning experience you have the better the service you are going to be able to offer your clients. Jump at any opportunity to get paid or unpaid work experience. Use this to learn the things that work and the things you would do differently.

If necessary teach yourself how to use tools that will benefit you as a small business. Today, many of these programs are available online and there is a wealth of video tutorials and written content to help you learn how to use them.

Be confident in what you have to offer: Before taking the plunge, make sure you have gained lots of event and administration experience and are confident with planning events independently.

Executive Summary

Identify any gaps in your skillset and work hard to strengthen these areas through paid work or volunteering.

If you need to keep costs down, teach yourself core skills that you will need, such as email marketing platforms, survey tools, accounting programs, design systems and website building. Undertake Market and Competitor Research The first thing you need to establish is if there is a definite requirement for the services that you want to offer.

Instead of just believing it is a good idea you need to do some actual research to confirm this. This information can be difficult to find and you will need to refer to lots of different sources to try to get a reliable picture. Look into public data, reports and analysis on the web, talk to people and try to undertake a focus group and individual phone calls with those that you are looking to develop relationships with, to determine evidence of a need.

Scope out the market through researching: Log the number of competitors there are in your area.

event planning company business plan

Note the similarities and differences in the services they offer, compared to your business idea. Analyze and monitor the number of tenders and opportunities issued for event planning services over a certain time period.

Speak to companies who issue these types of opportunities to determine what their frustrations are with the current offering and what is lacking?An event planning business plan is a document that outlines the major aspects of your business.

It articulates what the business is, its objective, how it operates, the structure and other important elements. A Sample Event Planning Business Plan Template Are you about starting an event management business?

If YES, here is a complete sample event planning business plan template & feasibility report you can use for FREE. Starting an Event Planning Business from Home – Sample Business Plan Template Now you can never talk about running an event planning business without having the skills needed of an event planner.

Sample Business Plans - Event Planning Business Plan - Palo Alto Software Interior designs and decorationsetc.

What this means in essence is that you have to first become an event planner before you can proceed to running your own event management company. Event Planning Business Plan. A good example of an event planning business plan is provided by Corporate Retreat Professionals, an event planning service offering training retreats for corporate professionals, along with public relations and product launch events.

An event planning business plan is a document that outlines the major aspects of your business.

event planning company business plan

It articulates what the business is, its objective, how it operates, the . Business owner Martin Van Keken had a successful catering company before he decided to plan entire events.

These are good vehicles for promoting your event planning business if you plan to do.

Event Planning Sample Business Plan | Entrepreneur