If you love to plan, arrange and organize different events then event planning business idea is perfect for you. This enormous event planning industry is ready to support and sustain your own event planning business. Convert your organizational skills into a rewarding business now.
01 Startup Financing
Business Titans will help you to choose the best-matching financing method to your situation and to prepare you to get a good deal with the right partner. Speak to us about your idea and situation and get a free proposal how Business Titans could help you. Below is a preview of few possible financial solutions for your business project.
1. Bootstrapping: The right and wrong ways to set up your Startup with your own money.
2. Equity Partner: Money from equity partners can be good or bad for your project
3. Bank Loan: Be prepared for the tough due diligence checks of the banks. Get help for Due Diligence and KYC.
4. Friends and Family Loan: A sensitive topic with many attention points.
02 Business Planning
Business Planning is a continuous process of assumptions, risk assessments and revisions. It is not about the Business Plan but about the thinking process while you are setting up a new venture. Any serious business partner will challenge your assumptions and assessments. With Business Titans you get a diversified and professional sparring partner to brainstorm and starburst your business model until it is waterproof.
We help you to get the documentation you need in the right step with the right quality and format. Equiped with Business Titans certified documents, you will stand off in any forum.
03 Weekly Coaching
When the financing step is done and your business documentation is complete, it's time for action. A Senior Consultant will be accompanying you in a weekly personal coaching session through the milestones of your business. Your Consultant will check for examples and inspirations that match your unique situation. You will be supported with a personalized feedback to every aspect of your company: Legal setup, marketing plan, budget management, business development steps, sales pipelines, recruitment needs, product development, etc.
Business Titans will push you to achieve your milestones, stay in-line with your Business Plan and make you aware when and why a revision is required.
Check Out our New Starter Kit!
Strategy Roadmap - Your compass during the startup phase (6 pages pdf)
- Tools of Business - A collection of 80+ tools for any entrepreneurial situation based on 6 years of trial-error experience and lessons learned (14 pages pdf)
- Smart CEO Guide - Ways to raise efficiency and stay focused on the Strategy Roadmap (15 pages pdf)
- Social Media Marketing - A checklist with industry-standard best practices on social media (3 pages pdf)
- Customer Journey Stations - A one-pager exercise guiding you through the critical moments of dealing with customers (1 page pdf)
THE BUSINESS IDEA
If you have creativity, conversation skills, humility and patients then event planning business idea may be the career of your dreams. You will plan and organize different events for private or corporate customers. You will be planning different events, including wedding, fairs, birthdays, parades, anniversaries,
conference meetings, graduation, product launches, fashion shows, political rallies, and product launches. Your negotiating and coordination skills will play an important role as you will be coordinating with different people. Personal referrals and advertisement are crucial for this business as well as establish a relationship with local photographers, floweriest, musicians and caterers.
Event planning business idea needs a social, outgoing and creative personality to deal with the tasks to plan successful event. This business has been growing progressively across the globe. However, there is also an increase in the market competition. In order to remain in the game, you should diversify your business with the changing environment and get profit from the opportunities.
Moreover, event planning business idea requires a strong temperament since you have to deal with people of different natures. You should also consider about the certification courses and diplomas before starting an event planning business. It is always best to have specific certifications regarding event planning business that will assist you to prepare yourself for the pros and cons of event management.
You can work for both, social sector (wedding, birthday, children parties, reunions etc.) and corporate sector (companies, charities, and nonprofit organizations).
- Commercial Office: You can make your office in city centers, local market, or at easily accessible locations etc. Design your office uniquely to attract customers.
- Social Media: Use social media channels (Instagram, Twitter, Facebook, Youtube) to promote your business and convert your audience into potential customers.
Website: Make a business website to target your audience effectively. Online presence will promote and expand your business. Suitable as home business or part-time idea during COVID-19 pandemic.
The startup cost of event planning business idea is medium. The profit potential is high since the event planning business is often marked up to 40%. Contact Business Titans to learn more about the potential revenues and costs to run this business.
THE KEY BENEFITS OF THIS PROJECT
- Highly creative and rapidly growing lifestyle business. You will be meeting and cultivating a relationship with new people.
- Highest level of job satisfaction and fulfillment. It can be your side business as most of the events are held on weekends.
- Your art, creativity and successful management will matter most in this business.
- High ROI with medium startup investment.