Are you someone that loves planning events? Even more than you love attending events? Perhaps you’ve been planning parties for friends and family as a hobby and wondering if there’s a way that you could actually make a living in the event planning business. It’s always great if you could find a way to make a living doing something that is a passion of yours.
The event planning business can be a very rewarding profession. But before youyou have to make sure that you know what running your own business entails. Running a business, while exciting, can also be very stressful. If you’re considering starting your own event planning business there are a few tips that you may want to consider a ahead of time.
Event Planning Business Experience
Whenever someone asks me about how I started my own business, the first thing I usually tell them is that I got my experience working for a larger corporation. Now I’m not saying that you should go out and mislead another company by trying to learn the ropes on their dime. Actually if the event planning business is a passion of yours the company that hires you will actually benefit from your work ethic. I certainly would not recommend working for somebody else if you only plan on being there for 2 to 3 months as part of your training. If you are thinking of working for another company to learn the event planning business then, in all fairness, you really have to commit to this company for longer period of time. The purpose of working for another company is not so that you make mistakes on their dime. You should view working for a larger company in the sense that you will be learning from people that have the industry experience that you are seeking. Of course company trade secrets should be just that – their trade secrets. Anything that would be considered proprietary should be respected as such. Isn’t that how you would want an employee to treat your event planning business?
Event Planning Business Accounts
Like any other independent business, there are always government accounts that you will have to set up and learn how to administer. This is one area of the business that, while many consider monotonous, is vitally important to understand and keep on top of. You do not want your event planning business to be in arrears with your taxes or remittances.
Networking for your Event Planning Business
Networking is a great way of making contacts. Pretty much every industry has networking events. In order for your event planning business to succeed it is vital that you have many contacts within the industry. And of course the best way for making new contacts is to attend networking events.
Social networking has become a vital component of themarketing strategy. Like face-to-face networking, social networking is another great way connecting with like-minded people, keeping up to date, and sourcing potential customers.
Event Planning Business Cand Association Memberships
Certification tells people that you have taken the time to invest in yourself. Furthermore it also tells potential customers that you know your stuff. There are many different types of event planning business certifications ranging from general business certifications to event anddesignations. Talk to people that have already become certified and get their feedback on the various certifications available.
Joining industry associations also has many benefits. Associations provide up to date information on regulations and any changes that may affect your event planning business. Associations are also great way of finding out what certifications are best for you. Use associations to network with industry colleagues as well as obtaining much needed business leads.
Starting your own event planning business can be a very rewarding experience. It can also be a very stressful experience for those that do not prepare themselves properly. Quite often, as with any new businesses, the owner is the last person to be paid. Therefore it is very important that you budget yourproperly. You may be well on your way to having a very solid customer base in your event planning business. However, by not properly ensuring that you have enough cash flow to carry you through the building stages of your company you may not survive long enough to see those customers.