My wife and I are interested buying some land and building a building to be used at host family reunions, banguets, and weddings. The city where we live doesn't have such a business. The only question is that we don,t know where to start at. Would you please give me some advice as to where to start?
I own an event planning business. One thing to be aware of is that, unless
you live in a warm climate, the events industry is quite seasonal. Most
events occur in summer when school is out. The first thing you will need is a
comprehensive business plan that includes financial projections. If you are
not comfortable researching and writing it, you may want to visit with a
counselor at a small business development center or a SCORE office in your
area. Their services are free.
You may want to visit similar facilities in nearby cities to find out what
their facility includes. You will need things like a well-appointed kitchen
(it doesn't have to be a commercial one), dressing rooms, outdoor patio area,
built-in broadband and other a/v services. Once you commit to building the
facility, you will need to market it constantly. Consider networking at
chamber of commerce events, trade shows, wedding shows, and with local event
planners and business owners. Building such a facility will be expensive, but
the rewards can be considerable if you enjoy helping people.
BizResearcher | Window Shopper | 4/11/2012 - 12:20 pm
you live in a warm climate, the events industry is quite seasonal. Most
events occur in summer when school is out. The first thing you will need is a
comprehensive business plan that includes financial projections. If you are
not comfortable researching and writing it, you may want to visit with a
counselor at a small business development center or a SCORE office in your
area. Their services are free.
You may want to visit similar facilities in nearby cities to find out what
their facility includes. You will need things like a well-appointed kitchen
(it doesn't have to be a commercial one), dressing rooms, outdoor patio area,
built-in broadband and other a/v services. Once you commit to building the
facility, you will need to market it constantly. Consider networking at
chamber of commerce events, trade shows, wedding shows, and with local event
planners and business owners. Building such a facility will be expensive, but
the rewards can be considerable if you enjoy helping people.
Join The Discussion
You must be logged in to join the discussion. If you already have an SBA Community account, Log In to join the discussion.
New users, Register for a new account and join the conversation today!