CRP will offer two types of services, retreat training services as well as product launch event planning. The retreat training services will be either leadership development training or teaming skills training. For both types of retreats, CRP can take care of the planning of the event, as well as actually hosting the training through the use of one of CRP's strategic business partners. The corporate market for event planning is steady and profitable.
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.
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.In order to plan for such, so thorough planning must be done prior to the event.
Using this PDF template, you can organize all the items needed, what should be done, the time it should be done and where. Organize your party planning with these pretty and free printables! There are two cute printable designs to choose from so you can plan the perfect event!
I love working to create a beautiful, thriving home, life and business and helping others do the same. This chart lists the startup costs for two hypothetical event-planning services.
The first business is homebased and has no employees.
The high-end business occupies 1, square feet of office space. what is needed for and how to put together a successful, worry-free event, resource information, popular refreshments with recipes, games, and tips to put their event in the record books. The events available include birthdays for all ages, meetings, Personal Event Planning Business Plan.
|Starting an Event Planning Business from Home – Sample Business Plan Template||Creating a beautiful, thriving home, life, and business.|
|yunusemremert.com - Free Event Planner Business Plan||CRP will offer two types of services, retreat training services as well as product launch event planning. The retreat training services will be either leadership development training or teaming skills training.|
Nov 17, · Start an Event Planning Business. by: Looking for more resources to help you start your event planning business? This free online business planning toolkit includes a presentation by business planning guru Tim Berry, a set of business calculators, sample business plans and more.
Global Event Planning Sample Business Plan5/5(1). Writing a Business Plan | PluralsightOver 5,+ Courses · Offline Access · Learning Paths · Exercise Files,+ followers on Twitter.