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2-3 Final Project Milestone One2-3 Final Project Milestone OneChampagne MaddoxSouthern New Hampshire UniversityOL-320: Entrepreneurship1
2-3 Final Project Milestone OneBrief IntroductionThe event planning industry has grown in the past decade. Having someone to plan your event has become a thing. Planning events can be stressful, so the need of someone outside to do the planning is very ideal. Event planning business take care of events such as, birthday parties, dinner parties, graduations, weddings, bridal showers, business dinners, business parties and more. Champagne Dreams Events was created to offer a full-service event planning for people that is budget friendly. People want to throw events that offer the wild factor for their guest but does not break the bank. Description of Industry/Economic SectorAccording to research conducted by Dr. Joe Goldblatt, spending for special events worldwide is $500 billion annually. ("How to Start an Event Planning Service", 2001) Event planning industry was valued at roughly 1.1 billion dollars in 2018 and is expected to reach 2.3 billion by 2026. People are turning to event planning business to plan all most of their parties.