How to Start an Event Planning Business from Home, While Working Your 9-5

1. How to Start an Event Planning Business from Home, While Working You’re 9-5. Do you love to make things beautiful and memorable for others? Do you like to shop around for themes and run the show? Do you enjoy meeting new people daily and don't mind signing plenty of contracts? Do you like to bring visions to life and be responsible if anything goes off? If so, an event planner may be your new best friend. In this blog post, I will tell you basic things you should know if you want to start an event planning business from home while working 9-5. We will ensure you have the main ingredients so your business doesn't get shut down or sued. Let's rock. 7 Steps To become an Event Planner? Before we got started, I was part owner of a Venue. We rented out our space mainly for birthday parties and pop-up events for local entrepreneurs. Before you get excited about the pretty things you know you can create, let's make sure all of your Business Credentials are up to par. Below are seven critical steps that can make and break your business. We will go over each step and why it is essential that you take these actions to keep that Mula rolling in because this can be a lucrative business depending on your location, your marketing abilities, and how you carry yourself as a CEO/Entrepreneur.

2. 1.What type of Event planner will you be. Will you host just birthday parties, private parties, corporate parties, weddings, etc.? Knowing what kind of business you will run is very important. Once you know what type of events you will decide to plan, you will then figure out what you will be spending on products and your overhead cost. 2.What's your business name? This is very important because you will need this information soon. Your business name is essential now because you will need to put your business name on your legal structure and business accounts. 3.Business plan. This right here is so important. Talking it aloud will not do the job, especially if you have a partner or partners. A business plan is a must. You want to know your hours of operation, who is in charge of what, overhead cost, marketing strategies, your overall goal, and much more; for a step-by-step guide on writing a business plan, click here. 4.You need to decide on a legal structure. Will you be an S-Corp, LLC (limited liability company), C-Corp, etc.? You can always check with a reliable tax agent for more assistance. You will need someone to help you with your books as well. Your business structure affects how much you pay in taxes, your ability to raise money, the paperwork you need to file, and your liability. You'll need to choose a business structure before registering your business with the state. 5.Apply for an EIN (Employee Identification Number). You will need this for banking, getting products at cheaper/discounted prices, and tax purposes. The EIN is used to open any business account, business credit card, products, and net 30 accounts. You can benefit well from having an EIN attached to your business name. 6.Apply for a Business account: You have to secure your funds and keep your business and personal finances separate. As easy as this may seem, many business owners fail, slip up, and cross-use their business and personal accounts. This includes mixing any business with pleasure, especially people. We will discuss the mindset later. 7.Get Insurance for business: Lastly, Insurance is a must if you do not want everything you own taken from you. Insurance in your business name is a must. You do not want to be held liable for any accident. Affordable business insurance is Next insurance. Chicago Minded LLC is Amazon Associate and may receive a commission if you click and purchase anything off this content. So please help yourself. What Do I Do Next?

3. ***Later, I will give you some of the best places to outsource and have someone else do what they specialize in doing; I will provide you some of the best places to outsource and have someone else do what they specialize in. Yes, you can pay for marketing strategies, and you can pay someone to write your business plan for you.

4. Since you still work a regular job, it's a good idea to spend a little money to outsource that time. Let's talk about creating time and having someone else do the work while you focus on more important things. Becoming a successful business owner/Entrepreneur is quite simple; you just got to have the tools in place to see the success. By Yourself More Time And Outsource Check out Fiverr for many of your business needs. The prices are affordable; look around before picking the person to do your project. Many gigs start at just $5. From getting someone to make you a logo, write a book, edit videos, virtual assistant, register your business plan, and so much more. It's time to chin-check yourself. It's a blessing and curse to be able to be your boss. You got to be on point with your finances and especially yourself.

5. Remember I said we would talk about the mindset. This is huge and something that can't be discussed in one post. I will give you one book, psycho cybernetics. You can download your Free audible trial right here.

6. This book is a life-changer. Be sure to get the free trial. I do not care how much money you make as an event planner; everything will fall if you do not have your mind right. The money is easy to get; the secret is knowing how to keep it coming in. Who are you around? Will you be able to grow your business in this type of environment? Once again, I can not go over everything in one reading. So if you are interested in this type of content, please drop me a message below; let’s get it in. TIP: You do not want to use your Government name for anything. The business is in control of you. You are just the "Watcher" to ensure nothing goes wrong. Let's Get This Business/Party Started!

7. When it comes to event planning, the first step is to choose a venue. This can be tricky, especially if you're working with a limited budget. But don't despair! There are plenty of affordable venues out there. You need to know where to look. Once you've found a few potential venues, it's time to start thinking about your guest list. How many people do you want to invite?

8. What kind of atmosphere are you going for? These are critical essential questions to answer before you start booking anything. Once you have a venue and a guest list, it's time to start creating a timeline for your event. This is where things can start to get overwhelming. But again, don't worry! Take it one step at a time, and you'll be fine. Start by picking a date and then start working backward. Figure out when you need to send invitations, book vendors, contracts, etc. Creating a timeline will help you stay organized and on track. The last step is to promote your event. This can be done through social media, word of mouth, or even flyers and posters. Whatever method you choose, ensure you give people enough time to save the date! Conclusion: You no longer have to put your dreams of running your business on the backburner. Even with a full-time job, you can still create time to get your Event planning business off the ground. Think about it; most events take place on HOLIDAYS and weekends. Tip: Stay aware of the latest decor, chairs, themes, etc. Join social media groups. Networking is a must. Trends change, she what your competitors are doing. It has to do with whom you know and what you know and outsourcing to create as much time as possible. Do you get it? Drop a message below if you are feeling this post. Let me know what type of event you plan to create. What kind of creativity do you have in you. You can create a business in less than 24 hours and pay less than $1000 to start. Articles of organizations can run you anywhere between $800 a year if you decide to get an entity established in California and as low as $45 a year if you get an entity in Arkansas. Check with your local state to see all your fees. Articles of organizations are the most important legal documents needed to create your business/ entity/corporation.

9. Event planning doesn't have to be stressful. Just follow these simple tips. Sign up to the mailing list to get your free event planning checklist and an editable contract, and you're sure to throw a successful event! Thanks for reading! We hope this was helpful! Do you have any other tips for event planning? Let us know in the comments.