This Event Planning & Management Business Plan Template will address your need for event planning business plan, wedding planner business plan, event management business plan, event management business proposal, event management business ideas,how to set up an event management company and start events management company.
Furthermore, I have prepared this Event Planning & Management Business Plan Template as a document that outlines the major aspects of your event planning and management business. It articulates the business profile , its objective, how it operates, its financial forecast and related feasibility analysis, the structure/segments and management of the business and other important elements.
Event Planning & Management Business Plan Template
Table of Contents
A a matter of fact, Event planning and management covers the following types of events. You are expected to choose your business ideas from here.
- Meetings, Training, and Retreats.
- Conferences and Workshops.
- Household ceremonies like naming, thanksgiving, retirement thanks giving, etc.
- Birthdays, Anniversaries, Graduations and Holidays.
- Weddings, Receptions, and Showers.
- Company picnics, banquets, and award ceremonies.
- And others.
Types of Event Planning & Management Business Plan:
- This event planning and management business plan template can be used for an upcoming, start-up, and ongoing businesses.
- This business plan could also be used for Grant Applications, NGO support services,government grants like those of Bank of Industry, Youwin and Npower programmes, Bank Loans, Proposal writing, Business Concept Note, etc.
Event Planning & Management Business Plan Template
EXECUTIVE SUMMARY
This Five-Year Business Projection/plan is for EVENT PLANNERS LIMITED.
EVENT PLANNERS LIMITED is to be located in Ikoyi, Lagos State. This business plan takes effect from 1st February, 2022.
The purpose of this operational/business projection is to:
(a) Attract new/incoming investors
(b) Seek for bank financial (loan) facilities, and
(c) To assist EVENT PLANNERSS LIMITED Management Team in the business
Administration decisions.
Four major business segments are involved in this projection.
- The first is the Event planning and management for households/individuals. These are ceremonies covering Child Naming, Thanksgiving, Retirement Thanks Giving, Birthdays, Anniversaries, Graduations, Holidays, Weddings, Receptions, and Showers.
- The second is the event planning and management for corporate organizations activities like – Meetings, Trainings, and Retreats, Conferences and Workshops,Company picnics, banquets, product launching and award ceremonies.
- The third segment of the event planning and management is for government agencies and organizations. Such activities cover Meetings, Trainings, and Retreats, Conferences and Workshops, banquets and award ceremonies.
- The fourth is the event planning and management for social organizations (NGOs). Such social organizations like political parties, religious organizations, national and international NGOs are taking care here. Social meetings, training, retreats, conferences and workshops, etc. are covered.
Furthermore, this business plan will show the expected financials and operations over the next five years. This project will require N10, 000,000 to take off. It will however need a loan capital of N7,000,000, which is required to finance both current and non-current assets which are essential to carrying out this business.
In fact, EVENT PLANNERSS LIMITED will have an authorized and fully issued and paid up share capital of 1,000,000 of N1.00 each. The directors will also introduce additional sums of N1,000,000 as venture capital to augment with the N7,000,000 to be introduced by an investor or borrowed in form of individual, corporate or bank loan facility.
The competitive edge of the business are:
- Market entry ease
- Sufficient working capital
- Use of distributive outlets
- Establishment of large showrooms
- Good location of office
- Efficient manpower
Event Planning & Management Business Plan Template
Summary of Business Activities.:
The following table shows how lucrative this business is.
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As you can see, this project is highly recommendable, because judging from the above profitability measures; the project offers good investment benefits which is found technically feasible, financially viable and economically desirable.
EVENT PLANNERS LIMITED vision is to become a household name in the Event Planning & Management Business Plan in Nigerian.
EVENT PLANNERS LIMITED PROFILE
EVENT PLANNERS LIMITED is to be incorporated on the 23rd of January, 2022 with a share capital of One million Naira. The primary object clause of the company is –
“to carry on business of Event management services, trading, marketing, sales and distribution of event management Products and services, general goods, manufacturers’ representatives, general suppliers and general contractors.”
We are to commence operation in the second half of 2022. Currently its skeletal Business operations are carried on from No.12 One-house Street, Aja, Lagos State.
The Business Office – housing all the four segments – will be located in Ikoyi, Lagos state by the second half of 2022.
Event Planning & Management Business Plan Template
EVENT PLANNERS LIMITED OBJECTIVE
The objectives of EVENT PLANNERS LIMITED are:
- The carrying out of event planning and management. services.
- The production and distribution of event planning and management services product and services across Lagos state.
- Event cost analysis
- Building and maintaining event planning services data base
- The activities as general suppliers and general contractors
- To build large customer base through customer satisfaction
- To generate sufficient cash flow to finance the activities of the company, and the future growth and development of the company.
- And, to expand the business at a rate that is both challenging and manageable, and competitively enviable.
- To maintain a Constant growth in sales at all time.
Event Planning & Management Business Plan Template
DIRECTORS
The company has an authorized share capital of N1,000,000.00 shares of N1.00 each.
The Directors/Shareholders of the company, their stake and position in the board are shown in the table below.
EQUITY SHAREHOLDING SCHEDULE
| NAME | RATIO | EQUITY VALUE | VALUE IN NAIRA | AMOUNT TO BE INTRODUCED | TOTAL COMMITMENT | POSITION |
| Agu Ibe | 60 | 600,000 | 600,000.00 | 1,000,000.00 | 1,600,000.00 | Managing Director |
| Onah Ogu | 20 | 200,000 | 200,000.00 | 1,000,000.00 | 1,200,000.00 | Director |
| Bet Iwu | 20 | 200,000 | 200,000.00 | 1,000,000.00 | 1,200,000.00 | Director |
| Total shareholding | 100 | 1,000,000 | 1,000,000.00 | 3,000,000.00 | 4,000,000.00 | |
| Expected investor | 7,000,000.00 | |||||
| Total fund desired | 11,000,000.00 |
PROFILE OF THE DIRECTORS:
Mr Agu Ibe
- Managing Director/Chief Executive
- Born in April 1990
- Has a Bachelor’s Degree in Agric Engineering .
- Served as administrative officer in BBB Ltd Abuja.
- And serves at Nigerian B & B Authority Lagos.
Mr Onah Ogu
- Director.
- Born in Nov 1960.
- Has a Bachelor of Science Degree in Economics, a member Institute of Chartered Accountants of Nigeria and Chartered institute of Taxation of Nigeria.
- Has over 30 years of accounting and administrative services work experience. Worked for Shinco Nig. Ltd as Site Accountant, in the Audit department of Current University Teaching Hospital and Head of Accounts of Industrial Consultants International Limited.
- Serves in the Management team of Now and Then Limited, Nyanya, Abuja, and
- Owns and Manages an Accounting, taxation and Business consulting firm in Abuja.
Mrs. Bet Iwu
- Director
- Born in July 1976
- Diploma in Nursing
- Worked for A – Z hospital Sokoto
- Currently A Staff Nurse in a general hospital
Event Planning & Management Business Plan Template
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THE MARKET:
Event Planning and Management:
As the desire for glamorous, colourful events grows intense, one industry that has boomed steadily is events management/planning.
Furthermore, every occasion in Nigeria is being managed/planned one way or the other today. This has made the market size reasonably large as it attracts a lot of hands into the business. The population growth, economic conditions in the country that has led to much of graduate unemployment have also fueled this sector of the economy.
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Deacon Anekperechi Nworgu, a seasoned economist who transitioned into a chartered accountant, auditor, tax practitioner, and business consultant, brings with him a wealth of industry expertise spanning over 37 years.
