Event Management Company Business Plan

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He attributes the industry's good health to several factors, including the improved economy and the trend of corporate America to outsource their meeting-planning functions.

Since you're not some tech startup bidding for programmers, you can get started without a lot of money. Generally speaking, special events occur for the following purposes: This list isn't an exhaustive one, but as the examples illustrate, special events may be business related, purely social or somewhere in between.

Just a few years ago, Goldblatt says, the average profit margin for an event planning entrepreneur was around 15 percent.

His most recent studies, however, show profit margins can be as much as 40 percent.

This question has a simple answer: Individuals often find they lack the expertise and time to plan events themselves.

Independent planners can step in and give these special events the attention they deserve.

Editor's note: This article was excerpted from Start Your Own Event Planning Business (Entrepreneur Press, 2015).

The special events industry has grown enormously in the past decade. Joe Goldblatt, CSEP (Certified Special Events Professional), spending for special events worldwide is 0 billion annually.

Also consider working to become a CSEP (Certified Special Events Professional) or CMP (Certified Meeting Planner).

These designations are given out by ISES and MPI, respectively.

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