Soapy Rides will be run by Mark Deshpande, of the prominent Deshpande family. Mark will be leveraging the incredible good will and brand recognition of the Deshpande family name to quickly gain market penetration. The Business Soapy Rides will be providing customers with three services:
Okay, so we have considered all the requirements for starting an event planning business. When it comes to attempting to start a business as against keeping a 9 to 5 paid employment, loads of people may come across as scared to take that giant step of faith that might land them into their fame and fortune.
Reality is that, there are several business opportunities event planning business plans an aspiring entrepreneur who is still caught in the web of a paid employment can test run without leaving their jobs. One of such opportunities is the event planning trade. Why Start an Event Planning Business?
One good thing about event planning is that most often than not, events are done during weekends and if you are lucky not to be working during weekends, you can successfully test run an event planning business.
The truth is that, most of the basic skills needed to effectively run an event planning business are some of the soft skills you are likely going to acquire in your work place.
On the average, it is the practice for most standard event planning companies to handle all aspect of event planning that ranges from wedding planning, to annual general meetings AGMto corporate events, to end of year parties et al.
This is so because there are little or no difference with the planning and execution of events. However, you can decide to build your event planning company around an area of specialization in the industry. As a professional event planner, you would have been trained on how to engage your clients in such a way that they should be able to answer any question you may ask them regarding the event event planning business plans any related topic that will help you deliver a fantastic event.
Over and above, the service delivery for an event planner covers budgeting, scheduling, venue selection, acquiring necessary permits, coordinating transportation and parking, arranging for keynote speakers, motivational speakers, master of ceremony MC or entertainers, arranging decor, event security, catering and emergency plans.
The hallmark of an event is when the success benchmarks are meet or even surpassed. So part of what you need to ask your client as a professional event planner is to know key measurable areas where they would want the event to be assessed.
It could be the numbers of participants that attended the event, the feedbacks they got from the event and it could be any success indicator as agreed by the organizers of the event.
It is pertinent to also add that you will be required to write your own business plan in order to move out with a plan. The business plan is an all-inclusive concept for your business, and so if you do not have an inkling about how to write one, then you may want to consider using a business plan template.
Here is a sample template you can adopt; A Sample Event Planning Business Plan Template Event Planning Industry Overview Event planning is all about helping corporate organizations, government, groups and individual plan and execute their events from start to finish.
An event planner ensures that they work with the stipulated budget of the organization or individual and ensure that they deliver a successful event as agreed.
In some cases, it is the responsibility of the event planner to draw — up a budget for the organizer of the event once they get a brief of the nature of the event. Events planning require that you take off the burden of planning an event from the shoulders of your clients.
This is whether it is a corporate or informal event. Therefore, you would need an eye for details in addition to the eye you have got. Do not be, that was on a lighter note.
Now, the truth is that you would need to be extremely detailed.
You do not want to come across your clients as one who leaves some kills important details out. If you do not possess this skill now, you may consider building it up.
The key to a successful event is to ensure that all that is listed in your event planning checklists is ticked. As a matter of fact, if you undergo event planning training, you are going to be taught how to draft event planning checklists for various events and key components that must be listed in your checklists.
The event planning is such an industry that needs you to be vast and well informed about news about the industry. What does this mean? This means that you have got to be alert about everything as it concerns events planning all around the globe.
You may consider reading up a whole lot- do not be far away from information. You can successfully pull off being a researcher off by reading books on this business, as using the internet. Bythis industry is expected to grow to over 60, jobs. So also the top 5 states in the United States with the highest numbers of employment for event planners are; California with 7, event planners are employed, New York — 7,event planners are employed, Texas — 6,event planners are employed, Florida — 3, event planners are employed, Virginia — 3, event planners are employed.
As an event planner, if you are creative and hardworking, you can successfully create your own steady market.This chart lists the startup costs for two hypothetical event-planning services.
The first business is homebased and has no employees. The high-end business occupies 1, square feet of office space. On the average, it is the practice for most standard event planning companies to handle all aspect of event planning that ranges from wedding planning, to annual general meetings (AGM), to corporate events, to end of year parties et al.
Corporate Retreat Professionals is an event planning service for corporations focusing on leadership training retreats, team building programs, and product launch/public relations events.
Edit this event planning business plan business plan to fit your business. Nov 17, · These additional Event Planning sample business plans are available in LivePlan. Event Planning Sample Business Plan The target market for the Corporate Retreat Professionals (CRP) sample business plan corporate customers.5/5(1).
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. Sample Business Plans Event Planning Sample Business Plan.
Starting up a company that offers personal event planning will mean including some of these important points in the business plan.