Business planning of management bihar

Event management company

*Business Name:* "

1. Event Planning

2. Event Designing

3. Venue Selection

4. Catering Services

5. Entertainment Management

6. Decorations

7. Photography/Videography

8. Logistics Management

*Target Market:*

1. Corporate Events (Conferences, Seminars, Product Launches)

2. Social Events (Weddings, Birthday Parties, Anniversaries)

3. Cultural Events (Music Concerts, Dance Performances, Art Exhibitions)

*Unique Selling Point (USP):*

1. Personalized Event Planning

2. Innovative Event Concepts

3. Attention to Detail

4. Competitive Pricing

5. Excellent Customer Service

*Marketing Strategy:*

1. Social Media Marketing (Facebook, Instagram, Twitter)

2. Email Marketing

3. Networking (Event Associations, Chambers of Commerce)

4. Referral Marketing

5. Online Advertising (Google Ads, Facebook Ads)

*Revenue Model:*

1. Event Planning Fees (10%-20% of total event budget)

2. Commission-based Services (Catering, Decorations, Entertainment)

3. Sponsorship Opportunities

*Initial Investment:*

1. Business Registration

2. Marketing Materials (Brochures, Business Cards)

3. Website Development

4. Initial Staffing (Event Coordinators, Designers)

5. Office Setup

*Growth Plan:*

1. Expand Services to New Markets (Destination Weddings, International Events)

2. Partner with Other Event Companies

3. Develop Strategic Alliances (Hotels, Venues, Suppliers)

4. Invest in Technology (Event Management Software)

5. Increase Staff and Infrastructure

*Financial Projections:*

1. First Year Revenue: ₹50 Lakhs

2. Second Year Revenue: ₹1 Crore

3. Third Year Revenue: ₹2 Crores

*Team:*

1. Event Manager

2. Event Coordinator

3. Designer

4. Marketing Manager

5. Operations Manager

*Key Partnerships:*

1. Venues

2. Catering Services

3. Entertainment Companies

4. Decorators

5. Photographers/Videographers

Host or Publisher SM engineering