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Entertainment & Events

Event and Party Planner

If you have a knack for planning and parties, this could be the biz for you.

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Business At A Glance

Event and Party Planner

Startup Costs: $2,000 – $10,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

If you love to plan and host parties and special events, then startingan event and party planning service will be right up your alley. Eventand party planners share common personality traits; they aredetail-oriented, well-organized, good communicators and very creative. In a nutshell, event and party planners are responsible for organizingand hosting special events such as wedding anniversaries, birthdays,graduations and award ceremonies for their clients.

Duties can includecreating and sending out invitations, selecting event locations,decorations, arranging for entertainers and speakers, selectingcaterers and menus and just about everything else that is required topull a special event together and put it on without a hitch, includingarranging to get everything cleaned up after all the guests have left.

Networking, networking and more networking will be your main marketingtool for attracting and keeping new business, peppered liberally withadvertising in newspapers, the Yellow Pages and direct-mail fliers. Youwill also need to build a reliable team of contractors; businesses andindividuals who you can call on and rely on to supply products andservices required for hosting events on time and on budget. The morereliable your team is, the more successful and profitable your eventand party planning service will be.

The Market

Businesses and individuals who are planning special occasions and events.

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Entertainment & Events

Houseboat Rentals

Renting out your luxury liner is how you can make your business your escape and your escape your houseboat.

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Business At A Glance

Houseboat Rentals

Startup Costs: $2,000 – $10,000
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

There are numerous options available to youin terms of starting a houseboat rental service. The first option is topurchase the houseboats ($20,000 to $30,000 each secondhand). Thesecond, and more viable option is to locate houseboat owners and see ifthey are prepared to enter their boats into a rental pool that ismanaged and operated by your service.

Houseboat rental rates are in therange of $750 to $1,000 per week and the person who is renting the boatmust pay for additional operating costs such as gas and insurance. Inexchange for the boat owner allowing their houseboat to be used in therental pool, they would receive 50 percent of the rental revenue andpay no moorage or maintenance fees for their boats. You would keep 50percent of the rental fee and maintain the houseboat for the owner.Including operating overheads, boat maintenance, and moorage, a pretaxnet of 20 percent of the total rental fees per year should be theprofit. Providing you have at least ten houseboats in the rental poolthat were rented for an average of 25 weeks each per year, this examplewould leave you a profit of $50,000. The business can be started forless than $10,000 providing you are not intending to purchase thehouseboats.

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Entertainment & Events

Party Entertainer

Always been the life of the party? Start a party entertaining business.

Entrepreneur

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Business At A Glance

Party Entertainer

Startup Costs: Under $2,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

There are a couple of options available in terms of starting a partyentertaining service. You can work as an agency, representingentertainers for parties.

Or, if you have the skills, you can be anentertainer yourself. The different types of entertainers forchildren’s parties include clowns, magicians, trained pet shows,singers and skit plays. You can also gear your act to adults and offeryour services for corporate events as a magician or karaoke deejay.This is a relatively low-investment business to start and operate, andthe profit potential is very good. I contacted four different agenciesand found the average rate for party entertainers was $50 per hour,with a minimum charge for 1-1/2 hours including travel. An agencyrepresenting entertainers for parties or being an entertainer yourselfis a good home based business that allows for flexible hours, goodincome potential and loads of fun.

The Market

Your customers are parents who are giving their children parties, andbusinesses who are planning anniversary, holiday or summer events fortheir employees. While you can advertise in the Yellow Pages and sendfliers to local businesses, your best marketing tool will beword-of-mouth. Be sure to bring brochures or business cards to everygig you get.

Needed Equipment

Your area of expertise will dictate the tools of your trade. You will also need reliable transportation.

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Entertainment & Events

Musical Festival Promoter

Combine music and devotion to a cause as a music festival promoter.

Entrepreneur

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Business At A Glance

Musical Festival Promoter

Startup Costs: $10,000 – $50,000
Home Based: Can be operated from home.
Part Time: Can be operated part-time.
Online Operation? No

Business Overview

Music festivals are extremely popularentertainment events across North America, and becoming a musicfestival promoter is an outstanding opportunity for the entrepreneurthat is seeking to start a part-time business. The business concept isbasic and you can get started by first deciding what type of musicfestival or festivals you want to promote; country and western, jazz,rock, or folk. The choices are unlimited, as different music stylesappeal to everybody. Consider the following six-step process toestablishing the business.

  1. Secure a suitable location for the musicfestival, such as a park, beach, outdoor arena, or farmland.
  2. Applyfor and secure all required permits from local government agencies.
  3. Secure performers and vendors for the festival.
  4. Build alliances withco-sponsors for the event, such as TV and radio stations.
  5. Assemble avolunteer workforce to assist in operating the event. This can usuallybe accomplished by joining forces with a local charity that receives aportion of the admission sales.
  6. Print and sell tickets. There is agreat amount of research and planning required to organize and host amusic festival; however, once established the festival can be heldannually and even expanded to additional communities.

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