How to start a small event management business
Start your event planning business a kick start and just make a plan of a small company. Everything starts from small then become a big castle. Don’t see big dreams and targets. First of all make small objective in your mind that what you want to achieve then go for a bigger one. After doing certification course in event planning make business plan with a small group of qualified people. Lot of things you need to do like marketing, hiring, pricing, finance and managing people. You need to address all mentioned areas before you set up your own business. If you are good in making some craft then it doesn’t means that you can run a business as well. Both fields are totally different. Poor business skills can kill your work in seconds. Create something valuable and offer it according to your prospect and panorama.
Another interesting read:
How Event Planner can help the Client to plan a wedding on small Budget
Paper work:
Make a flow chart of your work on paper before working physically on it. Mention limits and budget problems on it.Group of people:
Group of people means the partner you are working with or people you are hiring to work with, you need to be very active and smart to make choices this time. Hire the people with small experience of work and holding good solid degrees in hands.Budget:
Concentrate on budget limits. As you will take a building on rent, advertisement charges, hiring people, get other material for company. Check out your full internal costs and make an average budget to go. Don’t make decisions blindly. Event business is seasonal. It’s running more in spring and autumn season and goes down in winters and summers. You have to stick with companies who want events annually to balance out your budget process.
Focal point of company:
What is the focal point of your company? Are you organizing a company for all type of events or specialized in certain areas. Like you only make event for kids then make a plan according to it. If you want to organize mega events then make a stream chart according to needs of work. In the same way if you wanted to manage meeting, seminars and conferences then focus on one point.Site to open a new company:
Be careful while choosing the site of your company. Don’t choose very populated place or very lonely place in start. Rent a small building at a place where marketing values are high.
