A lot of things go into starting your own business. It’s a big risk to start your own business. Only 33% of new businesses survive ten years. To be a successful event planner, you should try out different event planning opportunities. You should also do research to make sure that the market has a need for the events you plan on hosting. You should focus on planning and hosting events that you are most passionate about. When you enter into starting a business you should realize that you will struggle in the beginning. Have a good back up plan for income. You will need to determine what type of business best suits your needs. Will you work individually or take on partners? Lastly, you have to name your business. This name stays with you forever so research is essential.
- Whether the experience is paid, or not, it’s good to get a lot of experience at event planning long before you attempt to start your own business.
- You’ll want to suss out the best marketing tools for your trade and develop a marketing research strategy and plan.
- Better success is probable if you tailor your passions and expertise to a particular niche within your business choice.
“Although 80% of businesses survive the first year, almost half no longer exist after five years and only one-third make it past their tenth anniversary.”