Start & Run an Event-Planning Business

Start & Run an Event-Planning Business
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Описание книги

Make money planning events with style and impress your clients – from weddings to meetings! Start & Run an Event Planning Business shows you how to start and run a successful enterprise by planning events of all kinds – from weddings and private parties to corporate events, meetings, conferences, and sporting events. This book will show you not only how to organize events, but also how to run the business. Keeping track of all the many details involved in putting on a successful event is easy when you have the checklists, schedules, tips, and advice of experts. Written in the step-by-step style that has made the Start & Run series the best of its kind, this indispensable guide will help you make any event – and event-planning business – a resounding success.

Оглавление

Mardi Foster-Walker. Start & Run an Event-Planning Business

START & RUN AN EVENT PLANNING BUSINESS

Introduction

1. Getting Started

Self-Assessment

Determining Your Market

Market Research

Set a realistic time limit

Define your information needs

Allocate resources

Gather the data

The internet

Your local library

The Yellow Pages

Chamber of commerce

College or university business departments

Government departments

The face-to-face meeting

Analyze the information

2. Establishing Your Business Site

Location Considerations

Leasing Office or Studio Space

Proximity and accessibility to potential clients

Parking facilities

Accessibility to a loading dock or freight elevator

Work space and storage

Type of lease agreement

Home-Based Operation

The business and your home

The business and your family

3. Business Resources and Equipment

Business Resources

Mailbox and copy services

Business telephone line and fax line

Telephone and wireless communication options

Hands-free/speakerphone

Cellular or mobile phone

Hand-held wireless device or PDA

Voice over internet protocol

Courier company

Company vehicle

Office Equipment and Setup

Electronic Equipment

Computer and printer

Software for the events business

Facsimile machine

Digital camera and scanner

Other equipment

Office Supplies

Custom printing

General office supplies

4. Financial Planning and Management

Financing Your Venture

Personal savings

Family and friends

Financial institutions

Private investors

Government

Your Business Plan

Executive summary

Personal experience and background

Description of service

Sales and marketing strategy

Forecasts and projections

Financial Management

Forecasting cash flow

Fixed expenses and overhead

Marketing costs

Start-up costs

Forecasting revenues

5. Pricing Your Services

Competitive Pricing

Hourly Fee and Daily Rates

Cost-Plus Pricing

Flat Fee

Commission

Discounting

Fund-raiser events

Suppliers

6. Client and Supplier Contracts: Protecting Your Business

Supplier Contracts

Client Contracts

Contract Finalization

7. Keeping Your Operations in Order

Striking a Balance

Maintaining Financial Records

Set up a calendar and reminder system

Establish an efficient filing system

Keep track of deposits

Keep track of retainers

Keep invoicing on track

Establish regular billing, credit, and collection

Keep good tax records

Hire a professional bookkeeper and accountant

Keeping Your Non-Financial Records in Order

Personnel records

Research files

Managing Your Time

Long-term agenda

Intermediate agenda

Immediate agenda

Time-management systems

Social Functions, Associations, and Community Events

Staying Organized As You Grow

8. Marketing, Advertising, and Promotion

The Changing Face of Advertising

How to Brand Your Event Planning Business

Developing your image

Developing your brand promise

Naming your new business

Designing your logo

Professional Design and Production Services

Graphic design

Copywriting

Photography

Why You Should Advertise

The Elements of Advertising

Choosing Your Advertising Medium

Print

Direct mail

Directories

Sales brochure and marketing kit

Internet marketing

A company website

E-mail marketing

Using PR to Your Business Advantage

Special promotions

Open house or grand opening

Small giveaways

Fairs and trade shows

Getting your name in the news

Socializing for success

Networking, networking, networking

Association memberships

Tourism, convention, or visitors’ bureau

Board of trade or chamber of commerce

Meeting professionals international

Special events societies

Measuring Advertising Effectiveness

9. Employees and Personnel

Being a Sole Owner/Operator

Casual Labor and Seasonal Helpers

Where to look for extra hands

Know your legal responsibilities

Put details in writing

Hiring an Assistant

Hiring an Office Manager/Bookkeeper

Hiring and Keeping Good Employees

Commonsense guidelines to hiring employees

Do not hire friends or relatives

Ask for recommendations

Contact job placement departments

Advertise for help

Use job application forms

Check references

Commonsense guidelines to keeping good employees

Communication

Consistency

Recognition

Compensation

Evaluation

Commissions and share options

10. Making the Business Legal

Your Legal Structure

Sole proprietorship

Partnership

Limited partnerships

Incorporation

Leave It to the Professionals

Choosing Your Name — Legally

Insurance Requirements

Leases and Rental Agreements

Zoning Laws and Business Licenses

Zoning laws

Licenses

Sales Taxes

Employee-Related Regulations

Miscellaneous Permits

A Final Word

11. Accounting, Record Keeping, and Taxes

Accounting Software

Bookkeeping

Accounts Receivable

Accounts Payable

Petty cash

COD and cash purchases

Payable invoices

Company credit cards

Personally paid company expenses

Payroll

Inventory

Maximizing Deductible Expenses

Accountants

12. Developing Your Portfolio

Building Your First Portfolio

Maintaining a Professional Portfolio

Types of Portfolios

Presenting Your Portfolio

13. The Event Planning Process

The Event Plan

Background Information

Goals and Objectives

Agenda

Venue

Budget

Critical Path

Audience

Invitations

Registration

Transportation and accommodation

Partners/Kids

Speakers

Takeaways

Partners and Sponsors

Volunteers

Media

Sponsors

Marketing

Suppliers

Insurance and Permits

Contingency Planning

Follow-up

14. Working with Suppliers

Finding Suppliers and Vendors

Negotiating with Suppliers

Tips for Dealing with Regular Suppliers

The venue

Hotel accommodations

Food and beverage

Printing and signage

Audiovisual

Photography

Entertainment

Children’s parties

Live and canned music

Official guests, speakers, and celebrities

Official guests

Speakers

Celebrities

Keeping Suppliers and Vendors Happy

15. The RFP: Getting the Business

Defining the Bidding Process

Invitation to quote (ITQ)

Request for proposals (RFP)

Request for qualifications (RFQ)

Competing for an RFP

The Basics of an RFP

Preparing Your Response

Developing Your Sample Event

Meeting the Budget

Looks Count: Presentation of Your Response

Presenting with Polish

Following Up

16. Award-Winning Events

Fashion Cares 2003 — Viva Glam Casino

Theme

Sponsorship

Cocktail reception

Dining room

Boutique, silent auction, casino

Talent

Fashion show

VIP Lounge

After-party

Media

Budget

Co-ordination

John “Q” Movie Premiere

Cirque Pacifique

Malavalli/Patel Wedding

Christmas through the Eyes of a Child

Last Tango in Paris

More Award-Winning Events

17. A Final Word: Growing and Enjoying Your Business

Appendix: Resources

Professional Associations

Periodicals

Conventions/Conferences. United States

Canada

Special Event Award Shows. United States (international awards)

Canada

Business and Government

United States

Software

Glossary

About the Authors

Other Titles in the Start & Run Series

Notice to Readers

Self-Counsel Press thanks you for purchasing this ebook

Contents

Отрывок из книги

Welcome to the world of owning your own special events business. You have taken an important first step by purchasing this book on how to own and operate your own special events company. The events business is big — really big. It is a $102.3 billion global industry according to Meeting Professionals International (MPI). Every day you will come across someone who is responsible for organizing an event, whether a special occasion such as a wedding, birthday party, graduation, or anniversary, or a major event such as a rock concert, film festival, fund-raising gala, convention, or awards ceremony. The world of event planning is an exciting one because the list of events being produced and celebrated every day is quite literally endless.

This industry is also a growing field. Projections show that, as an occupation, event planning and event management will outpace many others in the coming years. According to a joint study conducted by American Express and mpi, North America can expect to see employment growth of 3 percent and an increase of 5 percent in training budget in 2004, compared to 2003. The growth rate is attributed to an increase in related sectors, including international travel and tourism, business, and hospitality. Also, according to a Microsoft™ business website at , event planning businesses are among the top ten for ease of entry (start-up), low cost, future demand, and potentially high return. The need for qualified event planners grows in relation to the success of other sectors such as travel and tourism. When you launch your own company, the amount of business you generate for yourself is really all up to you.

.....

Both federal and provincial or state governments are increasingly using “portal” technology to better guide their online users. Through these portal websites, governments direct you by your area of interest to the relevant resources and portfolios available, both online and in print. These sites offer reliable links to business sites within government. Go to or for the us government portals. The Government of Canada’s portal is at .

The Business Development Bank of Canada (BDC) conducts seminars on business topics, which are very informative to anyone new to business. It also offers books and pamphlets. (Go to on the internet for a complete listing of the topics covered.) There is a charge for most of these publications. If you do not have a bdc office near you, write to the nearest regional office.

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