This document provides guidance on starting an event management company or startup in India with a low budget. It outlines the types of events an event management company could plan, the necessary registrations and licenses required, essential skills for event management like time management, problem solving, and sales, basics of event planning like determining costs and services, and other factors to consider like creativity, accounting, and computer skills. The document recommends analyzing competitors and creating a business plan before determining operating costs, company name and logo, premises, recruitment, and marketing strategy.
How to Start an Event Management Company on a Low Budget
1. How to Start a Event Management
Company or a Startup in India
with very low Budget
From Team Startup Scratch
9971504105
www.startupscratch.com
2.
3. To Whom this Content is Focused at
• The Startups teams who wish to start Event management
Startups, Event Management Planners, Event Management Company,
Event Management Managers, Business Events, Corporate Events,
Network Events, Product Launch Party event organizers, Holiday
Parties event organizers, Seminars planners, Trade Shows planners,
Charity Functions organizers, Company or Organization ceremonies,
Board Meetings and Shareholder Meetings organisers,Sports events,
Business Dinners, Press Conferences, Incentive Travel events, Opening
Ceremonies, Theme Parties, VIP Events, Trade Fairs, Award
Ceremonies, Incentive Events, Executive Retreats, Weddings Planners
events, Birthdays, Wedding Anniversaries, Family Events.
4.
5. Registrations & Licenses
• Structure of Company Private Limited or LLP.
• Trade license.
• Entertainment license
• Legal permissions
• Fire NOC
• No Objection Certificate
• IPRS : The Indian Performing Right Society India
• PPL: Phonographic Performance Ltd
• GSTN
• Agreements with the vendors and clients.
6.
7. Registrations & Licenses
• Loud Speaker License from your local police station
• Premises License
• Performance License
• NOC from the Traffic Department
• NOC from the Fire Brigade Department
• NOC from the electrical inspector
• NOC from the Health Department
• NOC from the Collector (if there is ticket selling or charity show)
• NOC from the Rangabhumi Parinirikshan Mandal
• Certificate regarding fitness of the machinery (in case of amusement rides)
8.
9. Essentials of Great Event Management
• Manage people effectively to get the job done.
• Time management and prioritization of tasks.
• You should have problem-solving techniques.
• You will have to evaluate your options and then decide.
• You should have the ability to close the sales by interacting with the clients.
• Ability to sell the ideas and market the services.
• You should have sufficient knowledge in cash flows and monetary
transactions
• You should have leadership qualities.
• Ability to motivate yourself and others.
• You should have the capacity to analyze in detail
10.
11. Basics of Events Planning
• Decide which services you wish to sell
• Competitors’ Analysis
• Prepare Business Plan For Your Event Management Company
• Determine The Operating Cost
• Decide Name And Logo of Your Company And Its Status
• Premises, Recruitment, Marketing your business.
12.
13. Other Factors to consider
• Creativity skills. For Event Design
• Accounting skills. For Budgeting
• Control skills. For logistics
• Risk Management skills. For security purposes.
• Computer Skills. For ad materials (eg. Brochures, Flyers) and online
production (websites)
• Marketing Skills. For pricing, promotion and event delivery
• Selling Skills. To find new clients.