Event management business plan.
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1. Event Management
Business Plan
Mohammad Anishur Rahman (MBA, ACA)
Business and Financial Advisor
PlanforStartup.com
accr u o n @g mail.com , +8801515265698
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
2. Introduction
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O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
3. Why Business Plan is so Important
for Funding
A survey Shows That
2,877 people completed the survey. Of those, 995 had completed a plan.
✓ 297 of them (36%) secured a loan
✓ 280 of them (36%) secured investment capital
✓ 499 of them (64%) had grown their business
1,556 of the 2,877 had not yet completed their plan.
✓ 222 of them (18%) secured a loan
✓ 219 of them (18%) secured investment capital
✓ 501 of them (43%) had grown their business
4. Business Plan Requirements
• For Personal, Bank and SBA Loan Purpose:
• 30+ Pages Business Plan with 15+ Pages 3/5 years
Financial Plan
• For Investor Purpose:
• 30+ Pages Business Plan with 15+ Pages 3/5 years
Financial Plan (Additionally 15+ Pages Pitch Deck)
5. Why do You need Business Plan?
Funding Through
Bank Loan or
Investment?
Attract
Investors?
Attract
Partners?
For a good
Business
Direction?
6. How to write a Bank Loan Proposal
Start your bank loan request by briefly explaining what your business does.
✓ Executive summary from your business plan.
Include essential business information.
✓ Your name, the business’s legal name, your legal form of business, business address, the year the
business was founded, annual sales, number of employees, key customers and any other indicators of
success.
Specify how much money you would like to borrow and what type of loan you are
seeking.
✓ Do you want a working capital loan to purchase inventory or a loan to buy a building for your
business?
Explain how you will use the loan proceeds to attain specific business goals.
✓ Detail the measurable results you expect the loan to have on your business, such as increasing sales
by 10% annually or doubling production capacity in six months.
List any assets and debts.
✓ State the assets you have that could be used as collateral for the loan, as well as any outstanding
business debts and when they will be paid off.
8. Executive Summery
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
9. Executive Summery
The Business
Opportunity
The Target
market
The
Competition
Mission
Statement
Vision
Statement
Objective
Company
Information
Business
Highlights
Future goals
Location
based on days
What? How? When? Where?
10. Problem & Solution
Define the Problem that you are facing in the Event Management
Market
-----------------------------------------------------------------------------------------
Assess the Problem and Give your solution through your
Organization
-----------------------------------------------------------------------------------------
11. Event Management Services
Corporate Event
Management
Trade Show &
Exhibition Organizer
Exhibition Stall
Design &
Construction
Wedding Planner
& Management
Audio & Video
Equipment
Singer & Celebrity
Booking
Professional
Photography &
Video
Equipment &
Furniture Rental
and More
13. Startup Expenses
✓ Total Fee for incorporating the Business
✓ Budget for basic insurance policy covers, permits and business license
✓ Suitable Office facility in a business district 6 months (Re – Construction of the
facility inclusive)
✓ The Cost for equipping the office (computers, software applications, printers, fax
machines, furniture, telephones, filing cabins, safety gadgets and electronics)
✓ The Cost of Launching your official Website
✓ Budget for paying at least one employees for 3 months plus utility bills
✓ Additional Expenditure (Business cards, Signage, Adverts and Promotions et al)
✓ Miscellaneous
14. Company Name, Logo
1. Find out an Easily Readable Name
2. Hire a professional designer for design
3. Make it easy to read
4. Match the design to your products and Service
5. Make a letterheaded paper with Your Logo
6. Vinyl wraps are the most popular material for wrapping your Car. Try to use your
business logo in office equipment's, merchandise official documents etc. It will
enhance Company Branding
15. Human Resource
Management
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
16. Event Management’s Staffing Needs
✓ Chief Executive Officer
✓ Event Planning Consultant
✓ Event Planning Training and
Development Consultant
✓ Wedding Planning Consultant
✓ Admin and HR Manager
✓ Business Developer
✓ Accountant
✓ Front Desk Officer
19. Event Management
Operational Plan
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
20. ✓ General: Do an outline of your business' day-to-day operations
✓ The physical plant: Describe the type, site, and location of premises for your business.
✓ Equipment: Describing the equipment necessary and how much of it you need
✓ Assets: Make a list of your assets, such as land, buildings, inventory, furniture, equipment, and vehicles.
✓ Special requirements: Special requirements, such as water or power needs, drainage, etc. ( If needed)
✓ Materials: State where you're going to get the materials you need to produce your product or service
✓ Production: Explain when and how you'll be able to start producing your product or service.
✓ Inventory and Cost: Explain how you'll keep track of inventory and Give details of product cost estimates..
Event Management Operational Plan
22. ✓ Supplier Information
✓ Name
✓ Office and factory Address
✓ Phone Number
✓ Third Party
✓ Name
✓ Office and factory Address
✓ Phone Number
Process of Your Event Management
Operation
24. Market
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
25. Research Your Target Market
• Available Areas:
• Find out an area to Establish Your Business
• Competition:
• Analyze the competition
• Local & State Regulations:
• Know the rules and regulations of the Industry
27. Target Market
Demographics
✓ Breakdown by any combination: age, gender, income, education, ethnicity, marital
status, education, household (or business), size, length of residence, type of
residence or even profession/Occupation.
Psychographics
✓ This refers to 'personality and emotions' based on behaviour, linked to purchase
choices, including attitudes, lifestyle, hobbies, risk aversion, personality and
leadership traits.
Lifestyle
✓ This refers to Hobbies, recreational pursuits, entertainment, vacations, and other
non-work time pursuits.
28. Target Market
Belief and Values
✓ Refers to Religious, political, nationalistic and cultural beliefs and values.
Life Stages
✓ Life Stages is the Chronological benchmarking of people’s lives at different stages.
Geography
✓ Drill down by Country, region, area, metropolitan or rural location, population density
or even climate.
29. Event Management Market Size
• Events Industry by Type (Music Concert, Festivals, Sports, Exhibitions &
Conferences, Corporate Events & Seminars, and Others), Revenue Source
(Ticket Sale, Sponsorship, and Others), Organizer (Corporate, Sports,
Education, Entertainment, and Others), and Age Group (Below 20 years,
21–40 years, and 41 years & Above).
• The global events industry size was valued at $1,100 billion in 2018, and is
expected to grow at a CAGR of 10.3% to reach $2,330 billion by 2026.
30. Event Management Industry Analysis
Review
available
reports
Approach
the correct
industry
Demand &
supply
scenario
Competitiv
e scenario
(Porter’s Fi
ve Forces
Model)
Recent
developme
nts
Focus on
industry
dynamics
31. S W
TO
S T R E N GT H
Describe your
Strength.
O P P O RT U N I T Y T H R E AT
W E A K N E S S
Event Management SWOT ANALYSIS
Describe your
Opportunity.
Describe your
Weakness
Describe your
Threat
32. Competitor Analysis
✓ Find Your Competitors
✓ Determine who your competitors are.
✓ Take a look of their pricing
✓ Determine what products your competitors offer.
✓ Research your competitors sales tactics and results.
✓ Analyze how your competitors market their products.
✓ Take note of your competition's content strategy.
✓ Analyze the level of engagement on your competitor's
✓ Observe how they promote their marketing content.
33. Sales &
Marketing Plan
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
34. Marketing Objectives
✓ To Design and Implement Marketing Control
✓ Increase customer lifetime value
✓ Engaged audience
✓ Increased brand awareness
✓ Positive product reviews
✓ Launch product or service in a new market
✓ Increase profitability and Improve ROI
✓ To Know Market Costs and Profits
✓ Grow Digital Presence
35. Marketing Strategy
Step 1: Take a snapshot of your company’s current situation.
Step 2: Define who your target audience is.
Step 3: Make a list of your marketing goals.
Step 4: Research marketing tactics
Step 5: Set your marketing budget.
36. Offline Marketing Plan
✓ Engage Local Media
✓ Rent Billboard Space
✓ Talk to the Press
✓ Create Branded Merchandise
✓ Network All the Time
✓ Run Cross-Promotions
✓ Connect with Your Community
✓ Distribute Printed Materials
✓ Hand Out Business Cards
✓ Talk to Customers
✓ Send Actual Mail
37. Online Marketing Plan
✓ Facebook Advertising
✓ Google My Business
✓ Content Marketing
✓ Organic Social Media
✓ Email Marketing
✓ Webinars
✓ Promote A Free Consultation
✓ Speak At Events
38. Marketing Budgets
✓ Yellow Pages = $$
✓ Sales letter mailing to prospects = $$
✓ Clerical help on mailing list = $$
✓ Advertising in local business magazine = $$
✓ Advertising in newspaper business section = $$
✓ Brochure design and copywriting = $$
✓ Brochure printing = $$
✓ Registration for business exhibitions = $$
✓ Attend training session = $$
✓ Purchase new mailing label software = $$
39. Financial Plan
and
Forecast
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
40. Financial Plan and Forecast
✓ Startup Expenses
✓ Sales Projections
✓ Payroll Sheet
✓ 3/5 Years Monthly Cost Estimation
✓ 3/5 Years Break Even Analysis
✓ 3/5 Years Financial Ratio Analysis
✓ 3/5 Years Profit & loss Statement
✓ 3/5 Years Cash flow Projections
✓ 3/5 Years Balance Sheet
✓ Ratio Analysis
54. Appendix
✓ Copy of Business Registration Certificate ( If any)
✓ Copy of License ( If any)
✓ Employer Identification Number (EIN) ( If any)
✓ Bank Statement ( If any)
55. 5 Weapons Needed for Event
Management Success
✓ Know Your Rules & Regulations
✓ Get Creative with Service Providing
✓ Build – and Maintain – Your Brand
✓ Don’t Compromise about quality of Service
✓ Think About Branding NOT Profit
56. Why Event Management Fails
✓ Not knowing your audience
✓ Lack of Leadership & Hard Work
✓ Not Knowing Your Target Market
✓ Taking Sponsorship Seriously? Not Nearly Enough.
✓ Social Media Pitfalls
✓ On-site Execution
✓ Location, location, location
✓ Pricing Strategies
57. Business Exit Strategy
✓ Merger & Acquisition (M&A)
✓ Initial Public Offering (IPO).
✓ Sell to a friendly individual.
✓ Make it your cash cow.
✓ Liquidation and close
58. Sample Business Plan
Here is a Sample Business Plan that I have prepared for one of my clients who is looking for $2 Million
59. Industry I worked with
o Transport Industry
o Accommodation Industry
o Ambulatory Health Care Services
o Arts, Entertainment, and
Recreation
o Beverage and Tobacco Product
Manufacturing
o Building Material, Garden
Equipment and Supplies Dealers
o Clothing and Clothing Accessories
Stores
o Food Manufacturing
o Furniture and Related Product
Manufacturing
o Health and Personal Care Stores
o Mining, Quarrying, and Oil and
Gas Extraction
o Motor Vehicle and Parts Dealers
o Nursing and Residential Care
Facilities
o Personal and Laundry Services
o Plastics and Rubber Products
Manufacturing
o Professional and Business
Services
o Real Estate, Rental and Leasing
o Warehousing and Storage
o Waste Management and
Remediation Services
o Wholesale Trade
o Chemical Industry
o Computer Industry
o Agriculture industry
o Construction Industry
o Education Industry
o Pharmaceutical Industry
o Health care Industry
o Hospitality Industry
o Entertainment Industry
o News Media Industry
o Energy Industry
o Manufacturing Industry
o Music Industry
o Electronics Industry
o Retail Industry
o Fashion Industry
o SAAS, APP Industry
o Robotics
o Travel & Tourism Industry
o Restaurant Industry
o e-commerce Industry
o Personal Service Industry
o Finance Industry
o Relationship App, Site
o Motion Picture and Sound
Recording Industries
o Professional, Scientific, and
Technical Services
60. Testimonial
Fo r m o r e i n f o : w w w. p l a n f o r s t a r t u p . c o m , a c c r u o n @ g m a i l . c o m
O r d e r Yo u r B u s i n e s s P l a n : www.f iv err.co m/businessfixx x
61. Thank You
For More Details
My Blog: www.planforstartup.com
E-Mail: accruon@gmail.com
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