Nearly two years ago, I worked in political journalism, writing about current events and lending my views to editorial columns.While this was interesting for a time, I discovered that it was something that I didn’t want to do forever.Event planning requires a very specific personality: one that is outgoing, social, and creative enough to tackle the forever-shifting tasks needed plan a successful event.
This is where a prospective client list will come in handy because it shows that others are willing to pay for your services.
In the finance section of your business proposal, you will list what kind of funding you’ve already secured (whether from a bank, a friend or family member, or your own savings) and what funding you hope to secure through your business proposal.
I always had an interest in technology and my experience in writing was easily adaptable to other subjects.
So after a period of searching, I discovered Capterra, and subsequently, an enjoyment in writing about event management software. The same goes for those looking to start their own event planning business.
But my entire writing career was not without its steps, lessons, and hurdles. There are steps you have to follow, lessons you must learn, and planning that must be done in order to make your new business idea a reality.
I’ve composed a nine-step list on how to start your very own event planning business, from ideation to execution.Also include all planned expenditures so that potential funders will know what costs to expect for putting on events, and what you will need to hire staff, buy event equipment, lease venues or maintain your own, and market your business and your events.The best way to do this is by including a budget proposal which lists all expenses and forecasted incomes. If you’ve drafted your business plan but are not sure what the next steps are to take, be sure to check out my guide on starting event planning businesses: The Ultimate Guide on How to Start Your Event Planning Business.However, your business plan is not only a fundraising tool, it’s also a road map you will revisit time and again for business accountability.Your business plan will help keep you on track with clearly defined goals and guidelines for your event planning firm.If you are targeting weddings, women in their 20s and 30s will be your most likely demographic (however men are more involved in the process than ever).If you want to focus on conferences and other business-related events, your marketing effort should be geared more towards corporations and nonprofit organizations.This assures potential funders that your event planning business is ready to take off and all they need to do is provide the funds that will make it a reality.Your structure description should include: Not every event planning business is the same.And in order to secure funding, you need to make the case that your event management business has all the right parts in place so that once you receive funding, your business can take off.A business plan makes that case for you by giving potential funders all of the information they need to make a decision on whether or not you are worth their time and money.