Hi ddorraine! That is a very vague question which is going to get you some very vague answers! The exact cost of starting any business is subjective and can vary greatly depending on what you have and what you need, location and other expenditures. The legalities involved also can vary from state to state as some states require certifications and documentations others may not based on state law and regulations.
Are you talking strictly event planning or do you intend to also offer things such as supply rentals (tables, chairs, tablecloths, dishes, etc.) for the event, catering, DJ/band services or any other services outside of the actual planning of the event? Do you have a specific type of event you specialize in or just general event planning?
In general, special events occur for the following purposes:
- Celebrations (fairs, parades, weddings, reunions, birthdays, anniversaries)
- Education (conferences, meetings, graduations)
- Promotions (product launches, political rallies, fashion shows)
- Commemorations (memorials, civic events)
Planners of an event may handle any or all of the following tasks related to that event:
- Conducting research
- Creating an event design
- Finding a site
- Arranging for food, decor and entertainment
- Planning transportation to and from the event
- Sending invitations to attendees
- Arranging any necessary accommodations for attendees
- Coordinating the activities of event personnel
- Supervising at the site
- Conducting evaluations of the event
Once you give the community a little more detail about the kind of event planning business you wish to start and where, you will find that you will get more helpful and detailed information!
Best of luck to you in your research and endeavours!
"How to Start an Event Planning Service" Entrepreneur; Feb 22, 2001
That is a hard question to answer as a lot depends on where you are at, how big you want to start, what it will cost to acquire each customer. This is why business plans are so important. You can research all these questions through your business plan and adjust them for your specific needs.
I suggest this: There is a member on this forum that goes by 'thesologuide' - his name is Doug. Doug can help you research answers to these questions.
Just know that what it takes to get a certain business started in one location for one person will not be the same for all locations and all people.
I also sugges that you search for free sample business plans on the web. Find as many as you can and read them over - don't try to copy them (remember my statement above). But, by readding these over will give you a good idea on what you might need to figure out for your own business.