Sample business plan for an event management company

The scope of the proposal includes sections like team, our understanding, event details, budget, and more. Plus a sample contract is included at the end.

Sample business plan for an event management company

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.

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 or any related topic that will help you deliver a fantastic event.

Starting an Event Planning Company – Sample Business Plan Template | ProfitableVenture

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.

sample business plan for an event management company

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.Corporate Retreat Professionals event planning business plan executive summary. Corporate Retreat Professionals is an event planning service for corporations focusing on leadership training retreats, team building programs, and product launch/public relations events.

Your Business Plan 39 Executive summary 39 Personal experience and background 40 Developing Your Sample Event Meeting the Budget Looks Count: Presentation of Your Response Presenting with Polish Start & run an event planning business. 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. 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 industries.5/5(1).

Starting an Event Planning Business from Home – Sample Business Plan Template Now you can never talk about running an event planning business without having the skills needed of an event planner. What this means in essence is that you have to first become an event planner before you can proceed to running your own event management company.

A Sample Event Planning Business Plan Template | ProfitableVenture

Personal Event Planning Business Plan. Occasions, The Event Planning Specialists. Executive Summary. Welcome to the future of event planning! Company Locations and Facilities. Occasions is located inside the city limits of Portland, Oregon.

It is a home-based business.

sample business plan for an event management company

Most meetings with clients are conducted in social settings.

Starting an Event Planning Company – Sample Business Plan Template