The Practical Step by step Guide on How to Start Event Planning Business In Nigeria will be our focus on this thread. Many of our readers would like to get into event planning and management, but don’t know where to start.
We felt it would be helpful to provide this information. Please continue to read to learn more about it.
Business of Event Planning in Nigeria: An Overview
Events are planned by event planners or managers. Events need funding, timeliness, venue selection, permits, food preparation, coordination of transportation, the development of a theme, the coordination of activities, the coordination of equipment and facilities, risk management, and contingency planning.
Organizing meetings and conventions, from speakers and meeting locations to printed materials and audio-visual equipment, is another aspect of event management. The first step in event planning is to determine what the sponsor hopes to accomplish. Choreographing people and events is an energizing art form that produces lasting memories for a lifetime.
In order to organize the activity of many different groups of individuals at the same time, planners typically multitask on multiple different tasks at once. As well as attending meetings and seeing potential meeting venues, event organizers may travel extensively.
They are well-versed in the physical activity of standing and walking for extended periods of time, etc., and they make sure that everything is in order and that an event runs well.
Wedding ceremonies/receptions, housewarming parties, birthday parties, fundraising events, end-of-year celebrations, business conferences, music concerts, and festivals are among the most common events that require a planner in Nigeria today.
A professional event planner is needed to effectively organize and execute all of these events. In addition to organizing and paying attention to details, the ideal event manager should be able to successfully communicate and manage people.
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HOW TO START EVENT PLANNING BUSINESS IN NIGERIA: STEP-BY-STEP PROCESSES
How to establish an event planning firm in Nigeria in 2022 is outlined below.
ACQUIRE THE EVENT PLANNING EXPERIENCE REQUIRED
Prior to starting a career in event planning/management, it is important that you have the appropriate experience.
Any respectable event planning company, in any area of the country, will allow you to develop your abilities in this selected career path. Being trained for at least six months to a year should be of paramount significance to you.
SEEK OUT AND CREATE PARTNERSHIPS WITH PEOPLE WHO WORK IN THE INDUSTRY
As many service providers as possible in the events sector should be partnered with you. In order to grow your business in the long term, you should be willing to work with decorators, DJs, and caterers as well as MCs, photographers, and escorts.
Prices can be reduced as a result of such agreements with service providers in exchange for bringing them frequent business.
Unless, of course, you don’t need them and plan to include all of these services into your own event planning firm when you do start, the discounts they provide will help you save costs.
YOUR EVENT PLANNING NICHE IS WAITING FOR YOU
Discovering your specialty is crucial when deciding whether or not you want to establish an event planning business in Nigeria. You should choose a specialization in event planning or event management that you are particularly excellent at.
Make a decision on what type of event you’d want to organize – such as a carnival or a wedding or a show or a corporate event or a seminar. Trying to juggle everything may cause you to become overwhelmed.
YOUR EVENT MANAGEMENT STAFF SHOULD BE HIRED AND TRAINED
When you first start out, you can manage your event planning firm on your own, but as time goes on, you’ll need more support, so it’s important to employ and train skilled individuals who can assist you in running your business efficiently.
An experienced manager, accountant, and marketing professional can help you reach the next level in your organization.
YOUR EVENT PLANNING BUSINESS NEEDS CAPITAL TO GET STARTED
If you are new to the event planning company, you will need a relatively little amount of cash to get started. This business may be run from home, saving you money on office space and other expenditures.
As time goes on, though, you’ll need more money to fund your company venture. It is possible to do this by requiring your clients to pay a certain proportion upfront, and then paying you the remainder at the end of the project.
ADVERTISEMENT OF YOUR EVENT PLANNING COMPANY
Advertise your business on social media and online using Google Ads, for example. You may also utilize word-of-mouth marketing and print media to get the word out about your event planning firm.
You may be reluctant to start right away, perhaps owing to the fact that you do not know how to start or where to start. Now that we have given you the premium information you needed to have to start your own business, then there is nothing stopping you from achieving this goal.
Also, be in the know that, the first year you start your business may not be too good in every aspect, but be very sure, your business is not in the same position as when you started it, always monitor and grow your business on a daily basis so as to get to your desire stage for the business.
So, we have provided you with vital information you needed to know about starting up an event planning business and the necessary steps needed to start, if you have further questions or clarification, kindly drop via the comment section.