How To Start An Events Planning Business

Using the bank templates may also come in handy if you require bank funding for your business.When creating your plan, it’s essential that you do your market research!

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Starting up any business can be brutal in this socioeconomic climate and to be successful you have face reality – hard work, long days (and nights), and a whole lot of networking! During your career you will have gained some transferrable skills that you can apply to your event planning career.The event planning business doesn't require much equipment to get started.As long as you have basic office equipment, such as a computer, printer and word processing software, you can write client proposals and print contracts.Tip: Going to a competitor’s event is also a good way of establishing contacts and obtaining supplier information.It can also give you an indication of potential sponsors that you can approach for your event. The plan Every planner needs a solid business plan.This may be daunting, but you can obtain a business plan template from most banks when you go to enquire about setting up a business account.These templates are extremely useful as they contain all financial modelling templates that you will require to produce your year on year projections.Advertise in the local paper, phone book and hand out business cards to everyone you meet.Network with wedding and event vendors in your area to see if you can work out special pricing for client referrals.Speak with an accountant if you need assistance with bookkeeping or have questions about filing taxes for your business.Write a simple business plan to maintain the focus of your business.