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.
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.
Service 1 | Pre-Studies
Start your journey with one of our three Pre-Studies if you are not yet fully sure about your project:
Option1. Project Pre-Study: You have a business idea or consider to import/export a new product, but you need a qualified second opinion? Business Titans checks your business idea or project for you and provides a detailed analysis on the opportunity, its risks, feasibility and profitability.
Option2. Pre-Opening Plan: Do you need to get an overview of the detailed steps to implement your project? Entrepreneurs who wish to have on the operational level a sound overview of the steps they need to take to set up their new venture or product should look also into this option.
Option3. Project Exposé: Do you need a professional presentation to introduce your project to a demanding audience? Successful entrepreneurs understand that the presentation of an idea is as important as the idea itself. The approach Business Titans is applying is to send always an appealing Exposé of the project before sharing further details. Only if there is a vivid interest that you feel among your audience, you should share confidential documents such as Pre-Studies, Business Plans, etc.
Service 2 | Business Planning
Option 1. Business Plan Consulting: You draft the Business Plan with our Guidance, we review and enhance the final version. Business Titans supports you to develop a Business Plan. You draft your own Business Plan with our guidance. A senior member of Business Titans will then finalize your draft with enhancements, research data, adapting the contents and forms according to the expectations of the final recipients, including banks, lending partners, equity partners, landlords, insurers and regulators.
Option 2. Business Plan Outsourcing: In this option, the entire process, including the development of the business model and Business Plan is handled by Business Titans. You will be first interviewed to understand your vision, resources and capacity.The rest will all be done by us and presented to you for the last minor adaptations. This version gets a Business Titans certification to be used for 3 years (as long as there will be no major changes on the Business Plan).
Service 3 | Weekly Coaching
A Business Plan is (and should be) in a constant evolution. The more you get into your business environment, the more you are able to fine-tune it. However, the best Business Plan will not be more than a paper if you do not implement it in a disciplined and consistent way.
- Option 1: Try-Out Session
- Option 2: 2-Weeks Package
- Option 3: 4-Weeks Package
This is why Business Titans has extended its services with a Weekly Coaching dedicated for the step-by-step implementation of the Business Plan that we have developed together.