Learn How to Start a Business with Little Capital
Its not true to say small businesses because any business can be big even if you started with little capital, its not all businesses that require big capitals to start.
Event planning is one of the businesses you can start with little Capital.
Put your party experience to good use by planning, designing and throwing events for private and corporate clients.
What Is Event Planning?
This question actually breaks down into two questions: What kinds of events are we talking about? And, what is event planning?
First things first. Generally speaking, special events occur for the following reasons:
- Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
- Education (conferences, meetings, graduations)
- Promotions (product launches, political rallies, fashion shows)
- Commemorations (memorials, civic events)
This list isn’t all, but as the examples illustrate, special events may be business related, purely social or somewhere in between.
Now we move to the second question: What is event planning? Planners of an event may handle any or all of the following tasks related to that event:
- Conducting research
- Creating an event design
- Finding a site
- Arranging for food, decor and entertainment
- Planning transportation to and from the event
- Sending invitations to attendees
- Arranging any necessary accommodations for attendees
- Coordinating the activities of event personnel
- Supervising at the site
- Conducting evaluations of the event
How many of these activities your business engages in will depend on the size and type of a particular event, which will, in turn, depend on the specialization you choose.
Why Do People Hire Event Planners?
This question has a simple answer: Individuals often find they lack the expertise and time to plan events themselves. Independent planners can step in and give these special events the attention they deserve.
Who Becomes An Event Planner?
Planners are often people who got their start in one particular aspect of special events. Anyone can be an event planner but its highly advisable to do this business if and when you know you are creative enough to handle an event.
How to Start an Event Planning Service
Target Market
Know the market you want to start with
The Social Market
Social events include weddings, birthdays, anniversary parties, bar parties, children’s parties, reunions and so on. You may decide to handle all these events or just specialize in one or more of them.
The market for social events, especially birthdays and anniversaries, is expected to continue to increase over the next few years. This group has children birthdays, parents celebrating golden anniversaries, and their own silver wedding anniversaries to commemorate.
How to Start an Event Planning Service
Startup Costs
The greatest cost for startup in any business is TRUSTWORTHINESS, money is always secondary, if you get one person to trust you and deliver what you promise, you have already marketed your business by word of mouth.
You do not need a big capital to start, people always get an advance from a certain company or group to plan their event.
Consistency
Even if it does not work the first time you do it, don’t give up, continue pursuing it with all your heart and surely you will succeed, don’t hop into a different business thinking that that’s better mwanzo mara nyingi huwa ni MGUMU.
GOOD LUCK.