I love the idea of having a small independent event planning business. I recently moved to a small up and coming town in South Carolina and think a more "exotic" event planning business would be a great idea. Exotic meaning, crazy themed parties, more out there ideas etc. Can a profit be made in event planning? What are the risks involved?
2007-06-05 14:59:23 · 3 answers · asked by lil_ny_sweetie 1 in Business & Finance ➔ Small Business
I have not done my business plan yet because right now this is just a thought. I want to know if I should take my thought further
2007-06-05 15:11:17 · update #1
Volunteer first for a non-profit planning a charity event, golf outing, swanky dinner, etc, and you'll see all the behind the scenes work that goes into it. If you're only experience is planning a wedding, its a whole different world than say an event to have to sell tickets to and deal with people judging the "value" of the event. Plus by working with a non-profit, you'll make good contacts with both the donors, board, and vendors, and create good karma from your volunteering.
2007-06-05 15:23:53 · answer #1 · answered by lillilou 7 · 0⤊ 0⤋
Generally, I think this is a great idea. However, you have to be very careful with the legal side of event planning. I suggest you buy some books to read on the subject and look into it further before you begin with a business plan or anything else. You'll need licenses, insurance, rental coverage, etc. depending on how big the events you run will be. There is a lot more to it than being good at picking out menus and party themes (sadly! LOL) So if you are willing to put the legal work aside, or have someone that can help you, then I would say do it because you really can make a lot of money off of it, and have a great time while you're doing it.
2007-06-05 15:19:37 · answer #2 · answered by ShouldBeWorking 6 · 0⤊ 0⤋
did you write a business plan yet?
2007-06-05 15:01:57 · answer #3 · answered by smiling_freds_biz_info 6 · 0⤊ 0⤋