New event management business plan

Event planning can be a long and complicated process, and event planning templates are a boon for professional event planners. The use of premade free plan templates for the job can considerably cut down on time and effort and also help you build a base for your event-planning venture.

New event management business plan

Soapy Rides will be run by Mark Deshpande, of the prominent Deshpande family. Mark will be leveraging the incredible good will and brand recognition of the Deshpande family name to quickly gain market penetration.

The Business Soapy Rides will be providing customers with three services: Soapy Rides has no true competitors that are trying to offer a high quality service for a reasonable rate. Hiring the best employees is cost effective because it decreases HR costs associated with turnover and other employee costs.

Study after study proves that a happy employee is far more likely to provide the highest level of customer service compared to an employee who is not happy and feels that they are being taken advantage of. The Customers Soapy Rides will target three main groups of customers: Consequently, they have nice cars and want them to look nice.

There are five different car dealerships within a three-mile radius which will require car washing services for the various fleets. Lastly, there are many different local businesses that have company cars and that require clean appearances. He has worked his way through the organisation and has been the manager for the last five years overseeing operations of R12 Million annually.

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With 30 years invested in the community, the Deshpande family name has generated significant value as a fair, active member of the community. By year three the business will have developed a respectable yearly net profit.

To be viewed as a premium car wash and detail service in East Meadow. Maintain a very high gross profit margin.

new event management business plan

Maintain a modest, steadily growing net profit margin. Mark has been in the car industry all his life, having grown up in the family car repair business. Start-up Summary The start-up expenses for Soapy Rides will be financed by Mark Deshpande, from the profits he made in selling his part of the family car repair business.

Mark is working with the family lawyer to set up incorporation and to discuss lease issues before the business is launched.

new event management business plan

Business Plan Examples to Get You Going For this reason he is working with an acquaintance to set up the system that will ensure efficient service even during peak usage. Rent on the location has been negotiated and will be R12 per month.

In addition, insurance for the business will be approximately R2 per month and will be paid by direct debit on a monthly basis. The services of a contracting company will be sought to convert the use of the facility and to improve the customer waiting room facilities.

Services Soapy Rides will provide three services to its customers: Car washing exterior Car detailing. This area has a number of benefits in terms of the market that it will provide for the business.

There are a large number of car dealerships in the area — five within three miles of the proposed location for Soapy Rides. Free Business Plan Template Download We believe that the type of car that a person owns says volumes about their driving, and, therefore their car washing and detailing requirements.

Owners of newer cars are most likely to use a hand car washing service. These owners take great pride in their cars and will bring them often to the wash and detail service. The goal with these customers is to promote regular use of the wash and detail service.

Starting an Event Planning Company – Sample Business Plan Template | ProfitableVenture

The aim is to inform these customers that Soapy Rides will keep their car looking as good as it did the day they drove it off the lot.

Older luxury car owners: These people have either owned their high-end luxury cars for several years or are unable to afford the expense of a new luxury car but want the feel of relaxed driving.

Both of these groups want to keep their cars in the best shape possible. Those who have bought second-hand cars will often spend many hours in their cars and will place high importance on keeping their cars looking good.

These owners will bring their cars in for regular washes and occasional details. They will also pride themselves on the look of their car and will have their car hand washed at least weekly.

They are attached to their cars as friends and though it may be more sensible for them to purchase a new car, they will bring their car in for a wash occasionally, just when the car is dirty.Important Final Advice for All New Event Business Owners; Download the event management business plan PDF below and create your own bespoke action plan for your startup.

If you have no money you can still start an event planning business, so long as you can start making money fast. No, there is no need to be a licensed event planner or finish an event planning course if you want to start an event management company. However, to boost your credibility and corporate reputation; it is advisable that you get event planning certification.

No, there is no need to be a licensed event planner or finish an event planning course if you want to start an event management company. However, to boost your credibility and corporate reputation; it is advisable that you get event planning certification. Need small business event planning advice?

Read tips from event planning, media and marketing experts, and those who have held successful events. Develop a “financing plan” for your event, and estimate the numbers.

Executive Summary

I think it may also be a good idea to hire out a professional event management team to help take off some of the stress. Download the event management business plan PDF below and create your own bespoke action plan for your startup.

If you have no money you can still start an event planning business, so long as you can start making money fast. If your event business is new or struggling, the easiest and least expensive way to grow it is through referral. Corporate Retreat Professionals event planning business plan executive summary.

Corporate Retreat Professionals is an event planning service for corporations focusing on leadership training retreats, team building programs, and /5(42).

Event Planning Sample Business Plan | Entrepreneur