Follow business management and industry trends Keep up with the latest trends in the event planning industry. Consider joining relevant organizations, such as theWedding International Professionals Association. You can also subscribe to event planning newsletters and podcasts to learn about new developments...
The event management industry in India is a thriving market, catering to a large and diverse population with a year-round calendar of cultural events. Given the constant demand for event management services, starting your own event management business in India can be a lucrative opportunity. To h...
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Business Ideas 70 Small Business Ideas to Start in 2025 We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025. By Eve Gumpel Business News How to Write a Business Plan Learn the essential elements of writing a business plan, including ad...
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The idea is simple: The enterprise's success significantly depends on the competitive strategy which is mainly determined by the structure of the market in which the enterprise is active. The market structure of anindustrycan be attractive or not. But which forces impact this industry structure an...
Event planners also often work weekends and holidays since these are the days when most people schedule events. Many event planners have backgrounds as managers or coordinators in other industries. The events industry, both for wedding planning and other events, requires excellent communication skills....
Include a sales forecast (based on industry and market trends), expenses, sunk costs, overhead costs, anticipated break-even point, expected accounts receivable, an estimated cash flow (derived from your sales forecast and expenses) and expected profits or losses. Operational plan: Wrap up with ...
Event catering, while promising, comes with challenges like staff training, logistics and equipment requirements, all amidst managing customer expectations and ensuring food safety during transit. Success relies on a well-structured business plan, ongoing marketing efforts and effective customer relationship...
Shen Ze, 31, the general manager of Kadiya home appliance company, foresaw the importance of e-commerce to the industry of small home appliances when still in college. He took over the company after graduating in 2016. He wasted no time in building his e-commerce marketing team. Since then...