Personal Event Planning Business Plan
Opportunity
Problem
Because of the fast pace of life, there is little time to plan parties, events, or social gatherings. The demand for this service can only increase considering the rise in incomes, population, and need for interpersonal relations in the workplace.
Solution
Occasionsis equal opportunity business. It offers its expertise and products to help customers plan their events. Party packs (complete sets for an event) make hosting parties easy, down to the beverages. The event planning software lets users plan events interactively from the comfort of their home. Occasions aims to be your number one resource for all events through these and other affordable services.
Market
The market for event planners is broken down into many distinct segments. Our services are demanded by individuals and companies alike. We have broken down the market segments into public and private organizations and age groups to ensure that we provide the most comprehensive information.
Concurrence
Occasions finds itself in a unique situation of competition. We compete against hotels with conference rooms, conference centers and other event planners. There is little to no comparison between the benefits and drawbacks offered by each competitor and our services.
Why Us
Occasions primarily operates as a service company, but we also offer products that help our customers plan the event. Our customers have access to our contacts and expertise to plan the perfect party at a perfect price.
Expectations
Forecast
Information on tax rates is provided. These rates would not impact our loan burden. Occasions are hit the hardest, but not as hard as other service companies. The 24% tax rate is almost one-quarter of total sales. These numbers will become more of a reference than influence as Occasions grows.
Financial Highlights by Year
Financing Required
Owners will contribute $25,000 to cover startup costs and salary for this part-time business.