How To Start An Event Planning Business With No Money

How To Start An Event Planning Business With No Money-46
Charities and nonprofit organizations host gala fundraisers, receptions and athletic competitions, among other events, to expand their public support base and raise funds. Social events include weddings, birthdays, anniversary parties, bar and bat mitzvahs, Sweet 16 parties, children's parties, reunions and so on.Thousands of these events occur each year, and although the large ones require specialized event planning experience, you may find smaller local events to start out with. You may decide to handle all these events or just specialize in one or more of them.This chart lists the startup costs for two hypothetical event-planning services.

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Planners are often people who got their start in one particular aspect of special events.

Business owner Martin Van Keken had a successful catering company before he decided to plan entire events. This explains why planners often not only coordinate entire events but may, in addition, provide one or more services for those events.

Also consider working to become a CSEP (Certified Special Events Professional) or CMP (Certified Meeting Planner).

These designations are given out by ISES and MPI, respectively.

He attributes the industry's good health to several factors, including the improved economy and the trend of corporate America to outsource their meeting-planning functions.

Since you're not some tech startup bidding for programmers, you can get started without a lot of money. Generally speaking, special events occur for the following purposes: This list isn't an exhaustive one, but as the examples illustrate, special events may be business related, purely social or somewhere in between.

Many corporations, and some members of the general public, look for these designations when hiring planners.

Because of the research and study it takes to become a CSEP or CMP, clients know that these planners are professionals.

Event planners may also have started out planning events for other companies before deciding to go into business for themselves.

Joyce Barnes-Wolff planned in-house events for a retail chain for 11 years and then worked for another event planning company before striking out on her own.

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