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Starting an event planning business can be a very exciting endeavor, but one that will require you to plan and carefully coordinate your clients, employees and vendors. Many people consider the entrepreneurial route, but it is a risky road to take, especially if you don't set yourself up for success. More»
Many of the terms surrounding the purchase of a hotel business can sound familiar--"franchise," "turn key operation" and "operating results" are all terms that are used in business fields outside of the hospitality industry, so you're likely to have encountered them if you're a business owner. Happily, in the hospitality industry, they generally retain the basic meaning that you're familiar with. More»
Event planning is a fun and lucrative way to be involved in the business community. As a form of advertising and marketing, many businesses will plan events solely for the purpose of showing off their newest products and services. Starting an event planning business will allow you to work with many different types of businesses as you work to promote trade shows, concerts or other events in your community.
Before you open your small business, you may want to consider getting started with a consultant at your side. A small business consultant has experience helping new business owners make the decisions necessary for their success. In addition to helping a business owner decide on the best way to form their company, a consultant can help you write a business plan, obtain funding through bank loans or other sources (like grants or investors), as well as determine the best location for your home office or showroom.
You may also want to consider narrowing down the field you would like to specialize in when starting an event planning business. Will you work only with trade shows, for instance, or will you specialize in company parties? To help you make these decisions through the use of a business consultant, Business.com has compiled the resources on the left side of this page specifically for your use.