Business Plan
Executive Summary
Extravaganza is a full service company that provides complete party planning services for weddings, bridal shower, baby showers, Sweet 16 and anniversaries. Our staff is experienced and dedicated professionals with many years of party planning experience. Extravaganza listens to the customers’ needs and works with them to create the event of their dreams. We want every detail of their event to be both a pleasurable and a memorable experience. Therefore we offer a host of packages and services specifically tailored to the needs of each person. Our goal is to satisfy ever customer’s needs and let them realize that there can be a stress-free & affordable way to plan a party.
2. The Business Summary
Extravaganza is a small business specifically aimed at the working class “blue collar” world. It is going to be home-based in Jersey City, NJ and with plans to branch off to other areas in New Jersey in the future. Extravaganza is a “first class” party planning company with “coach” type affordability. We will specialize in weddings, baby showers, Sweet Sixteen, Quinceneras (Sweet 15), bridal showers, and reunions. The reason why I decided to start up this type of business is because Jersey City is rapidly growing. From my experience people in this area do not particularly care too much about using a party planner because of the cost. They would rather spend less and stress more. Extravaganza will show them that at a reasonable cost they can have the party they always wanted.
Extravaganza will be offering lower prices and flexibility compared to others. Our staff will be multi-cultural and will be able to cater to everyone’s needs no matter what your nationality might be. We will build ...
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...t Liabilities
Account payable $0
Borrowing $2,000
Current liabilities $2,000
Critical Risk Factors
As an event planner, it is important to take a moment to think about policies as well as potential problems and emergency situations that may affect your event.
Management Risks- We might be under staffed for larger parties
Marketing Risks- Lack of marketing our services to the targeted group
Operating Risks- Vendors/Suppliers canceling at the last minute
Financial Risks-. Not having enough funds or not being approved for certain loans
Bibliography
1. http://www.bplans.com/sample_business_plans/Wedding_and_Event_Planning_Business_Plans/Personal_Event_Planning_Business_Plan/executive_summary_fc.cfm
2. http://www.entrepreneur.com/startingabusiness/businessideas/startupkits/article37892.html
3. http://www.wisegeek.com/what-is-event-planning.htm
this celebration. She has to pick a partner which is known as an escort, along
The first major item must be the spectacular, gorgeous, amazing dress. Take caution that the dress must be chosen first, because the quinceanera is centered around the colors of the chosen dress. For instance, the decorations, the theme, and other things are centered around the specific dress. When picking the dress, take into account your personality, your favorite colors, how you want the dress to be. Together with the dress, the theme should be chosen for the party. The theme could be from butterflies, to masquerade, or any other category. In the same fashion choose your decorations, imagine how your Quinceanera will look like with each option. Additionally, entertainment is a key factor in your Quinceanera and should be chosen depending on the guest. Equally important is the music that will be played, and if a band or dj is to perform. Moreover the venue should be chosen depending on how many guest were invited, what is the better price, and what you find more appealing. Finally choose an invitation that matches with the theme, however choose wisely for the invitation will represent your
They have to make sure that the price their charging for their festival is a reasonable price for the customers willing to come and have to make sure the location of the festival is in a safe area for customers travelling to the festival. Lastly, because the event is in outdoor event the parklife organisers should have all the equipped requirements to deal with any problems with the weather indoor. Facilities should be available to customers at the festival to keep them dry for customers coming to the parklife festival they will feel like they have paid a reasonable price to go to the parklife festival if services like this are possible during unpredictable
This cultural event also had a religious meaning and ceremony that went along with it. Like traditional ways, the birthday girl has to attend a special Mass that includes her close friends a...
Throughout the years, our qualified and dedicated team has successfully completed projects for various individual and business clients. Our extensively trained, skilled, and experienced professionals ca...
A planning committee of school staff member’s needs be put into place for planning family engagement events. Committee members need to keep in mind the culture, ethnic, socioeconomics, family work schedules, and transportation options. Engagement events should vary in its time of day, and cost (if there is one) through the year to allow families to attend that may not have the typical work hours or income to patriciate in events that would have a cost.
Based on our business level strategy, the category we plan to be in will be a luxury, five-star hotel targeted towards international businesspeople. The name of the hotel will be ‘Namaste International Hotel.’ Namaste is a common greeting that originates from India and is used to acknowledge the divine spirit or soul of an individual (Geno). The greeting can be used by individuals of all ages. In Sanskrit, the term translates to “I bow to you” (Geno). Namaste has a spiritual connotation used to recognize that we are all one. It is one of the few Sanskrit words that are commonly recognized by non-Hindi speakers (Geno). The term Namaste in written notation is commonly used as a closing remark, very similar to “sincerely” or “regards.” The term was selected to represent our welcoming to guests from around the world. In this greeting, we signify our commitment to our clientele as well as our emphasis on providing guests with invaluable service and an unmatched level of luxury.
The barriers of entry that could possibly affect the market in which my event planning business operates is brand loyalty and economies of scale.
I had to plan fun events, but also make them very inexpensive. This was an
First step to planning a party, is to decide on a date, time, and location. You will need to make sure that the date, time and location is convenient for the person, you are throwing the party for. You also need to make sure that it is a day that people are off of work, more like a weekend and not a Sunday. That is the beginning of the week for some people.
To provide appealing, cost effective and user friendly calendar products to the student, faculty, and supporters of Z University and the general population
Planning a Party The process of planning a party takes a lot of time and focus to get every detail covered. First of all, you must decide where you will have the party, maybe a club house or your own home. When you have that decided, then there are several other steps you must take in order for your party to be successful. You have decided on a location, and now it is time to make a list of the people who will be attending.
Also, you must decide the number of guests you would like to entertain. A good idea is to create a list of your guests. Organization plays an important factor is planning a successful ...
...eing Involved in Extracurricular Activities in High School.” Everyday Life. Global Post, 2014. Web. 04 Feb. 2014.
These instructions are a sure way to provide a marvelous dinner party to celebrate life, as stated before, there are many ways to plan a party but this is a sophisticated and fairly simple way to plan and host a gathering either for yourself or a loved one. I hope these instructions gave you help and clarity in your party planning endeavors, good luck on your next