How can you start an event planning business from the comfort of your own home?
This video is brought to you by EventMB, the number 1 resource for event professionals.
What are the realities of working from home and what do you need to consider before setting up an event management company?
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Hey, this is Samantha from EventMB and today we are going to talk about starting an event management company from home.
Many event planners start out working from home. This can be a great model for setting up an event planning business as it keeps overheads down.
What are the realities of working from a home base and what do you need to consider? Here are 5 key things to think about.
1. Low Costs
An Event Planner can work from almost anywhere with a laptop, WiFi and a mobile phone. Your personality and event management skills are most important.
Working from home is the easiest choice as instead of paying expensive office rent you can focus on building your business and you can invest money into more important things - like marketing your new company.
For some of you this may be a short term solution until they are confident to afford an office space. There are loads of eventprofs that choose to always be based from home.
Depending where you are there can be perks to working at home – for example reduced business rates, tax relief and offsetting some of your household running expenditure through the business.
2. No Work Commute
Commuting to work every day can be time consuming and boring. By working from home you are not only potentially saving on your monthly travel spend but you are probably saving money on coffee, lunch, and other high street temptations.
Most importantly though you become more time rich. Spend that time working on your new business!
3. Workspace
Set up a specific workspace which can be your dedicated work area. Ideally have a room that you can close the door on at the end of the day. Keeping things separated is SO important.
You can design the space based on your work preferences. Perhaps you want to use a room with a view or perhaps staring at a brick wall would be better for your concentration. Think about what furniture you will need to work well and be organised.
One thing you may struggle with as your business grows is storage space. If boxes start taking over your lounge it is time to move to a purpose built office!
4. Discipline
Just because you are working from home doesn’t mean you should be sloppy. As well as working set office hours some people still choose to dress as if they were still going to an office job. It probably isn’t great to work in your pyjamas - but do whatever works for you!
If you are worried about getting distracted by daytime television or household chores put in place some rules for yourself. The whole point that you are WORKING from home. If you are working for yourself it means that if you don’t work, you don’t get paid! Simple.
You are likely to be busy! Organising events is time consuming and running your own business doesn’t give any time for slacking either.
You may find it is actually hard to switch off. Working from home can blur your work-life balance. Whether you struggle to focus or struggle to switch off though discipline has to be key here.
5. Client Meetings
Clients often prefer to meet at their offices. If you work from home and ever need a space to meet there are plenty of coffee shops, hotels and meeting places to meet face to face if your home office isn’t suitable.
Pick quirky places that reflect your personality.
We hope this has given you some things to consider if you are looking to start your own Event Planning Business from home.
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