October 19, 2017  
 
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Opening a Business

 

Starting an Event Planning Business

This advice is written for those of you who are thinking about starting an event planning business. This is a must-read before you open up shop.

Thinking about opening an event planning business? We tell you what you need to know to get started.
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Writing Tips for an Event Planning Company Business Plan

We know - writing a business plan can be a daunting task for a new entrepreneur.

There is nothing magical about a first-rate event planning company business plan. If you can get past the mystique, you'll see that a business plan just describes where your event planning business is headed and how you intend to get there.

Although there are many uses for a business plan, it's most important function is to guide your decision making and strategic planning.

As a launching point, take a look at the sample business plans other business owners have used to achieve success.

Investigate the Competition

Prior to launching an event planning business within your community, it's worthwhile to determine what the competition looks like. We've provided the link below to help you find competitors nearby. After clicking on the link, type in your city, state and zip code to get a list of event planning businesses near you.

How are you going to successfully complete with existing firms? It's important that you never underestimate the competition.

Find Good Remote Business Advice

If you are interested in starting an event planning business, it's a smart move to talk to somebody who is already in the business. If you think your local competitors will give you advice, you're being overoptimistic. The last thing they want to do is help you to be a better competitor.

However, a fellow entrepreneur who has started an event planning business on the other side of the country may be more than happy to give you a few tips, given that you don't compete with them in their area. In fact, they are often very willing to share startup advice with you. If you are persistent, you can find a business mentor who is willing to help you out.

Where can an aspiring entrepreneur like you find an event planning business founder that lives outside of your area?

Simply, try our helpful link below, type in a random city/state or zipcode, and start calling.

Purchasing an Event Planning Business

Many experts advise against starting an event planning business if you can buy an established operation. But how do you go about locating and purchasing a viable event planning business?

There are no reliable shortcuts in buying a business. A business broker is the gateway to the buying process.

A good business broker serves a number of useful purposes. From locating available companies to helping seal the deal, your broker will have the experience and skills to help you successfully navigate the purchase process.

Consider Franchising

You should know that your odds of thriving in your new business immediately improve if you go the franchising route instead of doing it all on your own.

Before you get too far along in your plan to open an event planning business, you should assess whether franchising might increase your chances of success.

The link below gives you access to our franchise directory so you can see if there's a franchise opportunity for you. You might even find something that points you in a completely different direction.

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Buying a Franchise

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Free Business Plan Templates


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Are You Already an Event Planning Business Owner?

If you currently own an event planning business, these resources will come in handy:

Marketing an Event Planning Business

Selling an Event Planning Business

Do You Sell to Event Planning Businesses?

If you came here to learn about selling to event planning businesses, you're in the wrong place. These resources are more appropriate for you:

Selling to Event Planning Businesses

Mailing Lists for Event Planning Businesses

More Guides on How to Start a Business

If you are still exploring all of your options, please browse our directory of guides below.

 

 

 

 

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