How to Start a Multi service Business in 2025

Start your multi service business in 2025

If you enjoy planning events, whether formal or informal, a diploma in event planning may be what you're looking for. 

While it is true that the events industry has changed due to the current situation in the world, it continues to function strongly. 

Many events have gone virtual and parties are smaller, but that doesn't mean more gatherings aren't happening. 2020 has become an opportunity to innovate and start a profitable business, despite the current limitations, if this is what you are passionate about, we offer you some business opportunities so you can start your venture in the world of planning events. 

Business opportunities in event organization

Talking about areas of opportunity and job opportunities in the organization of events is an extensive topic since in the industry you can find different approaches and professional plans. Entrepreneurship in events is the most desired option, since it can be much more profitable and offer a greater variety of approaches.

Business opportunities in event organisation

The average salary for an event organizer or planner in 2019 was $50,600 per year and $24.33 per hour. According to the US Bureau of Labor Statistics, over the next decade event planning will be driven by continued strong demand, compared to other occupations. 

This is an important factor if you want to start an event planning business, of course, anticipating the restoration of many operations and social events that were postponed due to the COVID-19 pandemic. 

How to start a business from home if you like organizing events

If you feel like event planning is the direction your new venture should take, take the following steps before you start talking to your new clients:

1: Acquire the knowledge and experience in organizing events

Studying an event planning course and having experience in the industry will be key to long-term success. When starting a planning business, you should focus all your attention on the fluidity you offer your client when managing their celebration. There are some soft skills that you should strengthen along the way, these are:

assertive communication, both written and verbal , organization and time management , budget negotiation and management ,creativity, marketing, public relations, and more. 

When starting your professional path as an event organizer, it is recommended that you take some time to gain experience, learn how situations are handled within planning, establish contact with suppliers, and meet people in the field, among other important factors that you should know before undertaking. 

Experience and contacts will allow you to offer a complete and quality service. Define a target industry and the types of events you want to specialize in, and find out all the costs and budgets before you start planning the event.

– Study the organization of events to undertake

Although to work as an event organizer in many countries you do not require a professional degree, it is important that you increase your knowledge of the correct management and planning techniques and practices, which will allow you to position yourself in the sector. 

It is recommended that you take an event organization course, either online or in person, that allows you to access the tools that will make it possible for you to join the world of work independently.  

Organizing events is a highly valued occupation in the United States, and if you additionally receive complete training, you will be able to provide comprehensive care that meets the needs of customers.

2: Forge a remarkable profile 

To be an event organizer you must have a series of characteristics and skills that will help you generate an excellent service, these will allow you to make yourself known and attract more customers. Some of them are:

coordination, you must know how to work and lead teams to align efforts;

you must have excellent communication skills, to express yourself appropriately with suppliers, customers, and staff;

attention to detail, since it will allow you to be more thorough and adequately attend to each aspect of the event, from the front of the invitations, o the type of salad to serve, you must be an expert in problem-solving and assertive in expressing the needs that may arise from the position;

Interpersonal skills are also key since they are the ones that will allow you to establish connections and relationships of trust with clients and suppliers, facilitating treatment and future benefits;

ability to work under pressure and analyze tense situations that require resolution, skills to evaluate, negotiate, plan and control accounts, among others.

3: Determine your event organization market

If you already have experience in some type of event organization, it is recommended that you focus your business on these types of meetings, since the experience will provide you with the strengths for your new venture. 

Initially define your strengths or, if you lack the experience, identify the type of event you would like to organize in the future.

 A common mistake many planners make when starting a business is an unwillingness to coordinate all kinds of events, including corporate meetings, weddings, and more. 

As you grow you can expand your offer, but when you start it is better that you define the type of market you want to target. It is important that you offer variety in your services, always maintaining the main objective of your company.

4: Develop your business plan

This plan is essential when starting a business, as it will allow you to know the viability of your idea, set goals, track your progress as you progress and much more; You can also use it to attract investors and determine if you are on the right track. 

5: Determine a structure for your business

The structure is one of the most important steps, as it allows you to define the levels of importance and ensure what type of business entity works best for your new venture. For this, we suggest that you have tax advice from your country.

6: Create your provider network 

If you already have experience, it's time to consider building a network of suppliers for your new business. Remember that event organizers often work hand in hand with various providers depending on the needs of the event. 

7: Establish a fee structure for your event business service

Taking into account the services you will offer, determine the value of your rates. Many independent event planning businesses need to be aware of the various ways to cover their expenses and make a reasonable profit from it, charging properly will help you survive for years to come. Take into account the following types of payment: 

flat rate;

percentage of expenses;

hourly rate;

percentage of expenses plus hourly rate, and commissionable rate. 

8: Identify and create financing strategies 

Funds to start a business are not essential; however, in the case of organizing events, you will need to have some money to start. 

Most businesses require a budget and it will be important to have access to a cash base while setting up the business. 

Multi business service business

While it is possible to start a business with limited funds, you need to have enough money to start it and cover your living expenses. 

You can set marketing and business development strategies that accelerate this step, if you understand your services, and your model and have a definite idea of ​​how much to charge for service, you can design ways to reach your client. 

Later, you will be able to choose a name for your business and continue working on both brand and strategic business development.