81580299_Business model plan for EVENT PLANNER SERVICE

81580299_Business model plan for EVENT PLANNER SERVICE -...

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Business model/ plan for Event planner Services 1 Business Model/ Plan for Event Planner Services Student’s Name University/College
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Business model/ plan for Event planner Services 2 Summary The business plan seeks to detail the strategies that can be applied to an event planning business. The business is a new player in the industry, and would leverage its competitiveness due to the skills and experience of the personnel. The business plan considers the operation of the business within a ten-year period, where it is expected to achieve profitability. The company will offer high-quality services while minimizing the costs. The business will become economically sustainable, and will be a major player in the industry by proving unique services. The financing provided by the company will prove beneficial as it seeks to achieve its goals. The business plan will also consider the components of the business model canvas to detail how it will achieve its level of viability.
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Business model/ plan for Event planner Services 3 1.0 Executive Summary The business model will be profitable in the context of the event planner service. The business, called Vikings events, will cater to the needs of a social landscape that is diverse and ever changing. The business intends to expand to cater to the needs of a broad clientele within the next ten years. It is important to understand the needs of both the private and public organizations. It would comprise the largest number of clients being serviced by the service. The vision of the company is to meet the needs of these clients while maintaining a high retention rate among clients. The business will first begin as a home based establishment. The meeting with the potential clients will be carried out within social settings such as in coffee houses, restaurants, and hotels [Sha11] . The meetings will also be conducted in facilities where the events will be carried out. It will provide a valuable opportunity to understand the specific needs of the client, and the suitability of the location for the event. 1.1 Services Vikings will be profitable by considering the demands of the market and targeting this market. Marketing will be an integral aspect. The business will provide services for events both carried out by corporates and families. It will also plan for social events such as parties, holiday events, and special meetings. The market prefers an event provider that offers quality at the best price. It will be an important strategy for the company. The company will collect vital information from the customer before carrying out an event [Jud091] . It will involve specific information such as the needs of the customers, the challenges that could arise and the current circumstances of the client. It will allow the company to understand how to meet the needs of the client fully.
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Business model/ plan for Event planner Services 4 2.0 Marketing plan Once the organization has been able to meet the needs of more clients, the company will move to an office complex with more workers. Additionally, the company will consider the
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