The Pros and Cons of Starting a Party-Planning Business

 

party planning business

Nov 30,  · Startup costs for a party-planning business are relatively low since no storefront is necessary. Your base of operations likely will be your home and the vehicle you use to travel to your clients. You'll be able to deduct these expenses when you file your taxes. You can work as much or as little as you want. May 30,  · Many Event Planners start out working from home. This can be a great model for setting up an event planning business as it keeps overheads down in those critical early stages of trading and can maximise productivity. If you are considering whether it could work for you and how to make a success of it, here are some things to think about. 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.


How to Start an Event Planning Business from Home (Updated )


By Holly Reisem Hanna, party planning business. A couple of years before I had my daughter, I entertained the thought of becoming an event planner.

I was ready to party planning business something other than nursing, and event planning seemed like the perfect career since I loved planning parties. However when I looked further into the profession, there were a few of things that kept me from pursuing it as a career. One, entry level event planners earned less than I was making as a nurse. Two, there were a lot of nights and weekends involved.

Traditionally, to become an event planner, you would obtain a degree from a college or university in meeting and event planning, hospitality, or tourism. But if you want to launch your own event planning business, a specialized degree or certification is not needed. Party planning business just happened to have a natural affinity to the profession of being a business owner and event planner and constantly sought out to learn as much as I could which I still do.

Sachs says in the events industry, planners typically charge a party planning business for their services, plus a percentage of some or all vendor fees. Like any other home-based business, you will need to educate yourself on best business practices and tools, file all of the appropriate paperwork, and get party planning business legal and financial ducks in a row.

Once you step up the preliminary business framework, you can start working on the fun parts of your business. There are many different types of events you can work, party planning business. While some event planners are generalists and work on a wide-variety of functions, it is easier and more lucrative to choose a specialty.

Figuring out what niche you want to focus on can be a challenge, but if you mind-map your passions, interests, experience, and knowledge you can narrow it down relatively easy. To be competitive as an event planner, you need to party planning business a website. Having an online presence helps you attract more clients; it gives you a place to showcase your work, list your services, and testimonials, and it makes you look more professional.

There are tons of ways to promote your event planning business; the thing you need to remember is consistency is key. Some experts believe you should follow up with five to ten new prospects a day until you have a constant flow of customers in your pipeline.

Luckily, they are events, tradeshows, webinars, teleconferences, party planning business, online courses, books, party planning business, membership sites, mastermind groups, and coaching sessions — there is something to fit every budget and every niche. By investing in yourself and your business, you gain the knowledge, information, and skills to make your event planning business a success.

Starting party planning business own event planning business may seem like a far off distant dream — but if you take the first step, you can make it a reality. Good luck on your journey! This page includes affiliate links. Please see our disclosure policy for further information. We use cookies to ensure that we give you the best experience on our website.

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How to Start an Event Planning Service

 

party planning business

 

By investing in yourself and your business, you gain the knowledge, information, and skills to make your event planning business a success. Starting your own event planning business may seem like a far off distant dream – but if you take the first step, you can make it a reality. Good luck on your journey! This page includes affiliate links. May 30,  · Many Event Planners start out working from home. This can be a great model for setting up an event planning business as it keeps overheads down in those critical early stages of trading and can maximise productivity. If you are considering whether it could work for you and how to make a success of it, here are some things to think about. 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.