This includes staffing resources for administrative, sales, marketing, communications, legal, accounting, and other functions. But now it is also a time to think a little deeper and continue pondering what types of event planning services you will offer. Will you offer full-service planning and execution on behalf of your client for venues, catering, production, speakers, gifts, transportation, lodging and more?
Some of you may be disheartened by the reference to “legal” and “accounting.”. We recognize that many of you have probably already thought of this, but it’s important to stay focused on your core services. Will you specialize in one particular aspect of the planning?
These are all good reasons to pursue this profession.
But anyone who contemplates the fantasy of starting their own event planning business must follow some important steps before you even beginning to talk to clients.
For this, it’s important to secure professional advice.
There are several options available to you, and it’s important to select the type of business organization that best represents your interests.wiki How is a “wiki,” similar to Wikipedia, which means that many of our articles are co-written by multiple authors.To create this article, 11 people, some anonymous, worked to edit and improve it over time.The good news is that several resources are available to help.Expert to Home Business Randy Duermyer provides some insights into business plan basics and walks you through the process. S Small Business Administration is a good resource that publishes materials about writing business plans as well.Most event planners charge based on the following: In most cases, this shouldn’t be step 9, but it’s important to be motivated by the work that your new firm will bring so that you don’t get discouraged when considering the necessary realities.And each business owner will vary how he or she chooses to secure and source such funds.Now that you realize that creating an event planning business should be viewed as a “work in progress,” it’s very important to determine your business structure in the beginning.The most fundamental step is to make sure you decide what type of business entity works best for your plan.What about communications services for event communications and more?With services in mind, it’s important to determine your fee structure.