Many think owning their own business would be the best thing since sliced bread. However, much of the time, they have this mindset only until reality kicks in. The event planning business that many people have is similar to owning another type of small business. However, there are many different things that one needs to pay attention to if one wants to succeed with their event planning business. So, before you are all gung-ho about creating your very own event-planning business, you must think about some essential things beforehand. Some of these things include:
Other Commitments
Are there any other full-time or part-time commitments that require your attention? If you want to start your own event planning business, it will take up much of your time anyway, so knowing the time commitment of an event planning business is crucial before actually creating one. One good way to determine how much time an event coordinator uses is to spend the day or a period as an event planner's assistant. When spending time as an assistant for another event planner, you can see just how busy the day can get.
The Skills
Do you have the skills required to have your own event-planning business? Once again, many people think their personality would match an event planner. Still, once they get into the position of power, they might cringe or crumble after all the pressure and heat start to kick in. Some of the personality characteristics that a person should have for their event planning business include being outgoing and friendly, as well as always having a smile on their face. Furthermore, being direct and forceful are other characteristics that should be deemed necessary!
The Financial Requirement
Even though you may have previously thought that all you would have to do is show up to be an event planner. Everyone else would pay you to do all the work. A significant financial requirement would be involved with your event planning business. For starters, some event planners pay for the whole event themselves and then only make a little bit of the purchasing price back with all their fees.
Of course, these are just some things that must be considered when deciding whether or not you want to start your own event-planning business. Even though the experience of having and owning your own business can look good on any resume that you hand in, chances are that you may be surprised at everything that is required of a person to start and keep an event planning business! On the other hand, you may be well and good with everything needed, but nevertheless, these are some of the essential considerations that must be considered beforehand anyway!
Check out Mike Acker's new book on Public Speaking: Speak with Confidence, published by WILEY.
A breakthrough to develop confidence in speaking, leadership, and life. A follow-up book to his best-selling book, Speak with No Fear.