Event Planning Business Plan


Event Planning Business Plan


Opportunity

Problem

Companies must ensure their employees are provided with the best tools and training. Retreats can be used to support colleagues and help them work together. This helps reduce turnover. Happy coworkers mean happy customers

Solution

Corporate Retreat Professionals (CRP), an event planning company that specializes in corporate clients, is called Corporate Retreat Professionals. CRP will offer retreat training services and product launches event planning. You can choose to receive retreat training in leadership development or team building skills training. CRP can help with both the planning and hosting of these types of retreats by partnering with one of its strategic business partners.

Market

Event planning is a profitable business. In some cases, large companies will have to make cuts in their training budgets due to economic downturns. For short-sighted companies, however, this may not be true. The benchmark companies may trim down the workforce during a downturn, but they do not cut funds for training. They know that investing in human capital is always a wise investment. CRP plans to make good on this. In economic downturns, many companies still have product launches, and will still require someone to organize them. CRP will take advantage of this increasing demand to provide corporate event planning and hosting services.

Concurrence

In the past, large corporations were able to buy from outside vendors. This trend is changing in favor of outsourcing. There is an insatiable desire to increase efficiency.

Why Us?

Corporate Retreat Professionals will provide companies with the highest level of event planning. Our goal is to keep customers coming back. Everything else will follow this principle. Our services will meet or exceed customer expectations.

Expectations

Financial Highlights for the Year

You will need financing

We will be getting $50,000 from the owner and founder of the company.


Global Event Planning Business Plan


Global Event Planning Business Plan


GlobeSpan Meeting Planners, Inc., or GlobeSpan, is a company that will specialize in meeting planners representing all industries. The founders have over 17 year experience in the hospitality industry, working with domestic and international meeting planners. GlobeSpan will let the founders use their experience working with hotel and resort managers around the globe to help them become meeting planners.

GlobeSpan Meeting Planners will partner with HelmsBriscoe, the industry’s largest and finest meeting and conference resource firm thus placing a full service meeting operational division at GlobeSpan’s disposal.

1.1 Mission

GlobeSpan Meeting Planners strives to be the most successful member of HelmsBriscoe by providing superior service to its clients. GlobeSpan provides a comprehensive meeting resource that includes hotel/resort location searches, rate negotiation and contract negotiation. GlobeSpan also offers complete event planning and assistance for clients at no additional cost. GlobeSpan will be compensated by the hotels/resorts, and by the complete event planning/airline/cruise assistance offered by HelmsBriscoe’s Resource One at the rate of six percent of gross revenues generated, paid in commission. GlobeSpan offers its clients an alternative that is easy and valuable, as well as flexible work environments with fair compensation.

Success: 1.2 Keys

We will succeed by focusing on four key elements

  1. Continuous and diligent prospecting for clients.

  2. Provide timely, reliable, money-saving site searches representing only the hotels/resorts which best reflect the clients’ needs.

  3. Maximizing revenue potential by offering all commission-based services provided by HelmsBriscoe’s Resource One, turning a program which would have been commission on hotel rooms only revenue into commission on complete program revenue (air, production/audiovisual, program planning).

  4. To offer more value to your client, you can leverage the expertise of both owners.

1.3 Objectives

  1. To receive a gross sale commission of $30,000 until December 31, Year 1.

  2. To book a $120,000 gross sales commission by December 31, Year 2.

  3. To receive a gross commission of $284,000 in December 31, Year 3.

  4. To completely repay small business loan of $50,000 by July 1, Year 4.


Personal Event Planning Business Plan


Personal Event Planning Business Plan


Opportunity

Problem

The fast pace of the world we live in leaves little time for extra things we would like to do, like plan events, parties, and social get-togethers. Due to rising incomes and increasing population, this service is in high demand.

Solution

Occasionsis equal opportunity business. It offers its expertise and products to help customers plan their events. Party Packs (complete kits for their event), make hosting a party a snap, right down to the refreshments. Event planning software allows users to plan interactive events as easily as from their own computers. Occasions is committed to being the most trusted resource for every event.

Market

The market for event planners is broken down into many distinct segments. Both individuals and businesses need the services we offer. To provide the best information possible, we divide the market into age groups and private and public organizations.

Competition

Occasions stands out in a competitive market. Occasions competes against conference centers, hotels with conference facilities, other event planners on a large and small scale, individuals within an organisation who are given the task of organizing events, and those who want to organize their own events. Our services are far superior in price and quality to those offered by our competitors.

Why Us

Occasions has a primary purpose to be a service-oriented business. However, we also offer products which can help customers plan their event. Customers get our knowledge and contacts to plan their perfect event at an affordable price.

Expectations

Forecast

Tax rates are noted for information. These rates would not impact our loan burden. What hits Occasions the hardest (but not nearly are bad as other service businesses), is the tax rate of 24%, which is nearly one quarter of the total sales. These numbers will become more of a reference than influence as Occasions grows.

Financial Highlights by Year

Financing Required

Owners will contribute $25,000 to cover startup costs and salary for this part-time business.