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Event Planning Business Plan In Nigeria Feasibility Study


EVENT PLANNING BUSINESS PLAN IN NIGERIA FEASIBILITY STUDY PDF/DOC

Table of content for event planning business plan in Nigeria

PART I

1.0  EXECUTIVE SUMMARY  1

1.1  OBJECTIVES  1

1.2  MISSION 1 

1.3  KEYS TO SUCCESS 

2

PART II COMPANY SUMMARY for event planning / management Biz plan

2.0  COMPANY SUMMARY  3

2.1  COMPANY OWNERSHIP 3 

2.2  START-UP SUMMARY 4

2.3  COMPANY LOCATIONS AND FACILITIES 4 

PART III: PRODUCTS AND SERVICES

3.0  PRODUCTS AND SERVICES  3

3.1  COMPETITIVE COMPARISON 3 

PART IV: MARKET ANALYSIS SUMMARY of event management business plan

4.0  MARKET ANALYSIS SUMMARY 8 

4.1  MARKET SEGMENTATION  8

PART V

5.1 SALES FORECAST  10

5.2  MILESTONES 10

PART VI: MANAGEMENT SUMMARY

6.0  MANAGEMENT SUMMARY  11

6.1  ORGANIZATIONAL STRUCTURE 11 

6.2  PERSONNEL PLAN  12

PART VII: FINANCIAL PLAN

7.0  FINANCIAL PLAN  13

7.2  KEY FINANCIAL INDICATORS 13 

7.3  BREAK-EVEN ANALYSIS  14

7.4  PROJECTED PROFIT AND LOSS 14 

7.5  PROJECTED CASH FLOW 16 

7.6  PROJECTED BALANCE SHEET 16 

7.7  BUSINESS PROFITABILITY RATIOS 19 

PART VIII

8.0  RISK ANALYSIS, CONTINGENCY PLANNING AND EXIT STRATEGY 21

8.1  RISK ANALYSIS AND MITIGANTS 21

8.2  SWOT ANALYSIS 21

8.3  EXIT STRATEGY 22

PART IX

9.0 OTHER CONSIDERATIONS, CONCLUSION/RECOMMENDATION 23

9.1  ECONOMIC JUSTIFICATION 23

9.2  CONCLUSION 23

9.4  RECOMMENDATION

PART I 1.0 Executive Summary of Event Planning Business Plan In Nigeria

Welcome to the future of event planning! BEN Nig Ltd, the Event Planning Specialists, brings to the community of ENUGU a new breath of air in the event planning market. By combining old fashioned values, going the extra mile, and using cutting edge event-planning designer software, BEN Nig Ltd will lead the market, providing the same quality results, every time. BEN Nig Ltd is an equal opportunity business making its expertise and its products available to help its customers plan their own events. Party Packs (complete kits for their event), make hosting party a snap, right down to the refreshments. The event planning designer software brings interactive event planning as close as their personal computer. Through these and other affordable products and services, BEN Nig Ltd aims to be the number one resource for any event. 1.1 Objectives BEN Nig Ltd is a small business aimed at the big time. In order to reach its lofty goals, BEN Nig Ltd must focus on the mission behind the vision. It will take all the employees, owners, founders, and vendors daily living the vision that BEN Nig Ltd represents. The vision manifests itself in three ways: 1. Be one of the top three event planning specialists in Enugu States. 2. Justly compensate the employees, owners, and founders of BEN Nig Ltd. 3. Produce the same quality results, every time to satisfy our clients 1.2 Mission In an ever changing, fast-paced world, success is determined by good choices for lasting effects. Communication is essential. BEN Nig Ltd strives to be the best choice of clients by helping to ease their event planning burden. Through consistent, predictable professionalism, BEN Nig Ltd will ensure a worry and hassle-free event at a reasonable price. But, not all our clients will be external. BEN Nig Ltd has internal clients to serve. BEN Nig Ltd will strive to provide the same predictable and professional working environment to its employees and contracted vendors, justly compensating them for their services. It is also a priority to make a comfortable living wage for its owners, founders, full-time staff, and their families. Keeping in tune with the needs of the market, utilizing the latest technology and trends, all while ensuring the client receives the individual attention they deserve, is the vision and daily mission of BEN Nig Ltd; The Event Planning Specialists. 1.3 Keys to Success Our keys to success include the commitment to quality by every person who is part of the team. Each of us will be responsible to push ourselves to a higher level of professionalism in three areas: 1. Consistent, accurate fulfillment of the client’s wishes. 2. Competitive pricing for the quality of services offered. 3. Significant profit made on each event planned. PART II COMPANY SUMMARY of event planning business plan / proposal

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2.0 Company Summary Founded in 2008 on a part-time basis, BEN Nig Ltd is a small business designed to meet the needs of the ever changing social world. Enugu is the current home with plans to expand to branch offices within four years. BEN Nig Ltd’ staff of two, with numerous contract vendors, plans events, writes event-planning products, and trains area students in the art of event planning. BEN Nig Ltd is invested in the community it resides in. BEN Nig Ltd is, in part, the answer to demands of the social world, on the working family, heavily-burdened office, out-of-town business, or special occasion in need of special recognition. As a business, we understand the needs of public and private organizations. As parents and family members, we understand the needs of setting special time apart from other events in our lives. BEN Nig Ltd strives to accomplish these goals, in Enugu and eventually other areas of the Nigerian states. 2.1 Company Ownership BEN Nig Ltd is established as a sole proprietorship with the intention of selling the business when it is established to one of the employees invested in the vision of event planning. All aspects of the business will be documented to ensure that clients can count on the same results every time. It is these documents that will become the basis of ownership. The sole proprietor will use his or her name as the guarantor of each service. Therefore, the sole proprietor must embody the vision and mission of BEN Nig Ltd. 

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2.2 Start-up Summary Through careful planning on the part of the founders, the start up costs for BEN Nig Ltd are minimal. It began as a home-based business with little overhead, and it continues to demand fewer outlay of funds as a service-based business. The start-up cost investment funds were assets saved from prior earnings by the owners who did event planning on a part-time basis before establishing themselves as a business. It is the wish of the founders to remain a debt-free establishment. However, recognizing that in reality not all variables are controllable, outside financing is a viable option. Both founders own homes and have a perfect credit rating. Start-Up BEN Nig Ltd expects to raise N230,000 of its own capital, and to borrow N230,000 guaranteed by the UBA as a ten-year loan 2.3 Company Locations and Facilities BEN Nig Ltd is located inside the city limits of Enugu. It is a home-based business. Most meetings with clients are conducted in social settings, such as restaurants, coffee houses, the client’s home, facilities wishing to be used for the event, or over the phone. Although the demand has not yet reached its peak, BEN Nig Ltd will eventually move from its home base into a small office complex, also within the city limits of Independence layout, Enugu. When the company has reached its finished point, BEN Nig Ltd will have branch offices in Lagos, Portharcourt, Abuja ands Owerri. The company will maintain a high degree of professionalism. All offices are equipped with the latest in business technology, such as telephone systems, computers, fax machines, email, duplicators, printers, and software. Each location will have a secure storage area for supplies and equipment used in events, such as walkie-talkies, cellular phones, portable fax machines, laptops and furnitures.

PART III

PRODUCTS AND SERVICES of event planning business proposal / feasibility study

3.0 Products and Services 

Although BEN Nig Ltd is primarily a service business, we also offer products to aid our customers in planning the event themselves. The following products are tools used inside our operation for the best possible results: 

1. Party Pack – The Party Pack is a complete kit for any party. It includes decorations, lighting effects guide, disposable theme cameras, cutlery, plates, napkins, cups, punch mix (or recipe), snack supplies (or recipe), tablecloths, theme music (where applicable), invitations, thank-you cards, and a step-by-step guide to planning, putting together, and hosting the event. 

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2. Step-by-Step Guides – These booklets include a calendar to map out the event, a step-by-step guide on what is needed for and how to put together a successful, worry-free event, resource information, popular refreshments with recipes, games, and tips to put their event in the record books. The events available include birthdays for all ages, meetings, retreats, parties, vacations, and special occasion celebrations such as graduations, holidays, showers, weddings, and receptions. 

3. Event Planning Software Due to be released June 2017, this cutting-edge tool will allow the client all the resources and visual aids for their event planning. They will be able to play with decoration themes, listen to theme music, design invitations, thank-you cards, and RSVP cards, use the interactive planning calendar, and much more. This software will bring their event into the millennium with cutting edge technology that is designed to save time and money. 

TO GET THE COMPLETE EVENT PLANNING / MANAGEMENT BUSINESS PLAN & FEASIBILITY REPORT (INCLUDING THE FINANCIAL PROJECTIONS AND ALL). Pay N10,000 to

GTBank (Guaranty Trust Bank)

Account Name – Chudi-Oji Chukwuka

Account No – 0044157183

After payment text your names, your e-mail address and what you paid for to 08060565721 and you’ll receive your EVENT PLANNING BUSINESS PLAN FEASIBILITY STUDY PROPOSAL.

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