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 which 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.
Strategic Analysis with current research! The Event Planner, Inc. The Company was founded by John Doe. Doe will personally manage every event that is hosted by the Company.
For each event, the Company will receive ten to twenty five percent of the aggregate budget for the event. This is a sliding scale, and as the event becomes more costly, the percentage fees received by the Event Planner will decrease.
The business will also receive per hour fees for services related to design and large scale event consulting. The third section of the business plan will further describe the services offered by the Event Planner.
The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the event management industry. Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations.
Doe expects a strong rate of growth at the start of operations. Below are the expected financials over the next three years.
Doe intends to implement marketing campaigns that will effectively target individuals, small businesses, and large corporations within the target market.
The Company is registered as a corporation in the State of New York. Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple.
Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Event Planner. Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings.
Each aspect of the event will be managed by Mr. Doe and his staff. Currently, the economic market condition in the United States is in recession. This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows.
Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. This may present certain difficulties with revenue generation as people will spend less on their large scale events.
The growth of this industry has remained in lockstep with the growth of the economy in general.
Free Event Planner Business Plan For Raising Capital from Investors, Banks, or Grant Companies! Please note that the financials in this complete free business plan are completely fictitious and may not match the text of the business plan below. This free business plan demonstration purposes benjaminpohle.com you are interested in purchasing the . 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. Nov 17, · Global Event Planning Sample Business Plan The GlobeSpan sample business plans outlines how it will capitalize on its experience in the hospitality industry. Executive summary (excerpt) GlobeSpan Meeting Planners, Inc. (GlobeSpan) will be formed as a company specializing in the representation of meeting planners from all 5/5(1).
This industry has exploded as the economic tastes of Americans have changed significantly over the last five years as the overall wealth of the country has grown. With this, the number of people having extravagant and expensive events including weddings has had a marked increase over the last five years.
This trend is expected to continue as the economy remains strong. The key to writing a strong competitive analysis is that you do your research on the local competition. Find out who your competitors are by searching online directories and searching in your local Yellow Pages.
Below is an overview of the marketing strategies and objectives of the Event Planner. Doe will promote the business through a number of traditional marketing and advertising channels.
The foremost marketing strategy that the business will use is to develop connections with local banquet halls and hotels that outsource their event planning to third party event planners like the Company. This will greatly decrease the amount of advertising required by the business as once a rapport is established with these vendors; they will continually refer business to Mr.
The Company will also maintain a strong level of print and media advertising among local newspapers, event planning publications, wedding publications, and other news medium. The business will also maintain listings in the local Yellow Books. The Event Planner will also use an internet based strategy.Get your free business proposal template PandaDoc has completed extensive research to offer over + business proposal templates for almost every industry and niche.
Event Planning Business Plan Sample Executive Summary Welcome to the future of event planning! Occasions, The Event Planning Specialists /5(7). 11+ Printable Event Planning Templates. It is available for free download.
Event Planning Business Plan Template. benjaminpohle.com Details. File Format. PDF; Size: kB. Download. It is important to keep in mind that these sample files are free to download, and as such, you should not even bother creating them from scratch.
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. Make your Free Business Plan. Make your document in minutes; Access from any device; Securely sign online; market research is not a step you'll want to skip in the business planning process.
Business Plan: Budget and financial planning SAMPLE Business Plan. View Sample. Nov 17, · Global Event Planning Sample Business Plan The GlobeSpan sample business plans outlines how it will capitalize on its experience in the hospitality industry.
Executive summary (excerpt) GlobeSpan Meeting Planners, Inc. (GlobeSpan) will be formed as a company specializing in the representation of meeting planners from all 5/5(1).