How to start an event planning business

The events industry is a dynamic and exhilarating field that offers various opportunities for career growth.

One of those fulfilling and exciting career paths is event planning, which offers a wide range of opportunities for creativity and problem-solving.

Starting an event planning service can be a fulfilling and profitable career choice as there’s a growing demand for skilled professionals.

But it has its challenges too. Here we’ll explain everything you need to know about starting an event planning business. (Klonopin)


What is event planning?

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Event planning involves organizing, coordinating, and delivering different types of events such as weddings, parties, festivals, conferences, and other gatherings.

You’ll be responsible for budgeting, venue selection, vendor management, decor, catering, entertainment, and more.

Event planning aims to create an enjoyable and memorable experience for attendees while ensuring that the event runs smoothly and efficiently.

Kick-start your career in event planning

Learn everything you need to know about event management and gain real-world experience for a successful career in event planning.

What does an event planner do?

An event planner runs every aspect of events from start to finish. Key tasks and responsibilities of an event planner include:

  • Meeting with clients to understand their requirements and goals
  • Developing and managing budgets
  • Selecting and reserving venues
  • Hiring and dealing with vendors, including caterers, florists, photographers, and entertainment and leisure providers
  • Coordinating event logistics, including transportation, accommodation, and signage
  • Designing and setting up event decorations and layouts
  • Overseeing event setup and ensuring all necessary equipment and supplies are in place
  • Managing event timelines and ensuring the schedule runs smoothly and on time
  • Handling any unexpected issues or problems that arise
  • Evaluating the success of the event and making recommendations for future events

Is a project manager similar to an event planner?

So, what does a project manager do, and is it similar to an event planner?

Project managers are typically focused on managing a wide range of projects, including construction projects and product launches, and are tasked with ensuring the project is completed on time, within budget, and to the required quality standards.

Event planners and event managers are specifically focused on planning and executing events such as weddings, corporate events, and festivals.


What skills does every good event planner need?

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Having a good balance of hard and soft event planning skills enables you to plan and project manage engaging events, communicate effectively with clients and vendors and quickly identify and solve problems.

Hard skills

Here are some of the key hard skills in event planning:

Project management

Good event planners have excellent project management skills, including managing budgets, and ensuring events run smoothly and on schedule.

They must have strong organizational skills, be able to manage multiple tasks and deadlines, and have the ability to think ahead and anticipate potential challenges.

Budget management

Creating and managing event budgets is a crucial aspect of event planning.

Event planners must be able to create realistic budgets, negotiate with vendors to get good prices and ensure the event stays within budget constraints.

Vendor management

Selecting and managing vendors is a significant part of providing an event planning service.

Event planners must be able to identify, contract, and manage various vendors, such as photographers, entertainment providers, caterers, and florists.

They need strong negotiation skills to get competitive deals.

Marketing and promotions

Event planners must understand marketing and promotional strategies to attract attendees and generate buzz for events.

This includes knowledge of social media, email marketing, and other promotional tactics.

Event technology

Event planning software and tools can streamline event management tasks and increase efficiency.

Event planners should understand event technology well, including event management software, online ticketing platforms, and mobile apps.

Legal and safety regulations

Events must comply with various laws and regulations, including liquor licensing and fire safety codes.

Event planners must understand these regulations well to ensure that events are safe and compliant.

Design and décor

Creating visually appealing and memorable events requires knowledge of design, lighting, and décor.

Event planners require the ability to create event concepts that are both aesthetically pleasing and functional.

Soft skills

Here are some of the key soft skills required:


Effective communication is crucial for event planners.

They need to communicate effectively with clients, vendors, and team members to ensure events are executed as planned.

Good listening skills, strong negotiation skills, and conveying information clearly are essential.


The event planning industry is fast-paced and unpredictable, and event planners must be able to adapt to changing circumstances and handle unexpected situations.

They must be flexible, open-minded, and able to think fast.


Event planning often involves complex logistics and unexpected challenges, and event planners must have strong problem-solving skills.

They need to quickly identify and resolve problems to ensure events run smoothly.


Event planners require strong organizational skills and the ability to manage multiple tasks and deadlines.

They must be able to prioritize tasks and ensure that all aspects of the event are properly planned and executed.

Team management

Event planners must be able to manage a team, delegate tasks, and ensure effective teamwork.

Good leadership skills, the ability to motivate others, and strong interpersonal skills are essential.

Customer service

Event planners must be able to provide excellent customer service and ensure clients’ satisfaction.

They must be able to listen to client needs, address concerns, and provide solutions to problems.


Event planners must have a flair for design, devise memorable event concepts, and think outside the box.


Event planning requires juggling multiple tasks and deadlines while managing time and prioritizing tasks effectively.

Event planners need strong multi-tasking skills.


Event planning involves paying attention to detail, and event planners must pay attention to every aspect of an event.

Good event planners are meticulous, organized, and focused.

Calm under pressure

Event planning can be stressful and challenging, and event planners must be able to stay calm under pressure.

They need to respond to the unexpected with poise and professionalism.


What qualifications does an event planner need?

Many event planners and event managers have a hospitality degree, like a Bachelor’s in Hospitality Management or an MBA in hospitality from Les Roches.

Which explores what hospitality management is and equips you with the know-how, skills, and real-world practical experience needed for event planning.

Meanwhile, a bachelor’s degree in hospitality management combines event planning with the skills and knowledge to succeed in the hospitality industry.

This program covers event design and production, hospitality management, customer service, marketing, and budgeting.

You’ll also learn about the latest trends and best practices in event management and gain hands-on experience through internships.


Getting started with event planning

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You’ll need to take several steps to get started with an event planning business.

Assessing the event planning business

Consider market demand, competition, target audience, your unique selling points, and financial viability.

Conduct market research to understand the event planning industry and identify potential opportunities and challenges.

Analyze the competition to see what they offer and how you can differentiate yourself.

Define your target audience and understand their needs and preferences.

Define your offering, and create a realistic budget and financial plan to ensure the sustainability and profitability of your business.

Research the event planning industry

Explore industry trends, regulations, and market demand. Read trade publications, attend events and industry conferences, and network with people in the industry.

Conduct surveys and focus groups with potential clients to understand their needs. Use social media to research competition and identify their strengths and weaknesses.

Identify a specific niche

Consider your skills, interests, and areas of expertise.

Use research on the demand for events such as weddings, launches, and fundraisers to look for gaps in the market and identify under-served areas.

Choose a niche you’re passionate about that aligns with your strengths and skills.

Make sure there is enough demand in the market for what you want to specialize in.

Understand your target market and competition

Research the industry and your niche. Identify your target audience and understand their needs, preferences, and budget.

Use research on your competition to differentiate your business and stand out in the market.

Continuously monitor the industry and market trends to stay competitive and meet the evolving needs of your target market.

Master the knowledge and skills you need to accelerate your hospitality career.

This intensive postgraduate program builds a strong foundation of industry knowledge.

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