An Event Planning Business in Singapore Will Surely Boom Your Net Worth
Singapore is the perfect place to start an event planning business. But at starting, you will have to face obvious problems. Well, you do not need to worry. You will be happy to know that if you want to know that we have compiled everything about how to start an event planning business in Singapore.
To being, first of all, you must ask yourself you really want to do start or not. If the answer is positive then congratulations- you are halfway into starting it.
What is Event Planning?
First of all, you have to understand actually what is event planning. Event planning doesn’t limit itself to preparing a stage for a special occasion. Well, these are the things that you need to prepare as an event planner:
- Research
- Design and Decorations
- Food
- Entertainment
- Logistics (planning transportation)
- Accommodations
- Personnel Coordination
- Website Design and Site Management
- Event Evaluation
- The package of activities depends on the type and size of the event. There are four main types of event purposes:
- Promotions
- Education
- Celebrations
- Commemorations
Of course, depending on the nature of the job, you can have more responsibilities.
Why Do People Hire Event Planners?
After understanding what is event planning, now you need to know why do people hire them. Normally, people can hire a charlatan also. But the answer is in only one word- its all about the experience. Nobody escapes from failure. The person with a strong knowledge base, huge experience in the field, proven achievements and inspiring success stories is closer to the goal than most.
What are the Crucial Points Which Make a Great Event Planner?
A good planner is a good manager. There are four management functions known as POLC (plan, organize, lead, control). These are the qualities that you find in every successful event planners:
- Multitasker
- Cunning communicator and nifty negotiator
- Enthusiast
- Self-starter
- Responsible
- Team player
- Time Management Professional
- Strong verbal and written communicator
- Leader, visionary and inspirer
- Realist and a dreamer at the same time
As you can see, only the ones with a positive attitude can make it as a wedding planner. Also, you will need to be willing to work hard and keep on improving.
How to Start an Event Planning Business in Singapore?
Here are the requirements you need to satisfy:
Legal Needs
This is very important. You must register your company’s name to start. Remember that your company name should be unique. Also, it can’t be too similar to other businesses in the market. Take into consideration that you have to have general liability insurance and compensation insurance for your workers. Besides that, you might need a license.
Certification
Get a declaration or degree from a nearby college in administration or occasion arranging. This will let you become recognized as a CMP (Certified Meeting Planner) or CSEP (Certified Special Events Professional). These assignments are given out by Meeting Professionals International (MPI) and International Special Events Society (ISES) separately.
Marketing
Advance yourself. Make a Facebook fan page, find the intensity of Instagram, utilize Twitter, and then some more. Including that, having your own website gives you access to more people and thus, brings you more profit. If interested, you should also consider becoming very active in direct messaging platforms, such as Viber and Telegram which will let you keep a positive relationship with your clients.
Other Important Points
In addition to the previous tips, having a clear idea about these things will prove to be very useful for your venture.
- Determine Your Event Planning Market
- The Corporate Market
- The Social Market
- Develop a Business Plan
- Define Your Event Planning Services
- Staffing
Conclusion
We hope that you have understood well. So what are you waiting for? Start your business in Singapore without any tension. Wish you all the best for your startup!!!
