Review the various accounting, financial planning, and risk  management practices in this week’s readings. In a two- to three-page  paper (not including the title and reference pages), describe th

Event Management Business

Joshua Rodgers

Instructor Baskette

Ashford University

SRV 425 Event, Meeting, & Conference Management

Corporate Events Facilitation Business

One of the most important factors that an entrepreneur needs to consider when starting any business is the market; a business opportunity will be of no value if there are no consumers for the goods and services being offered by the business. According to my study in the business sector of the economy, I have noted that large companies and small businesses have embraced corporate events for their organizations and prefer it to normal employees and stakeholders’ meetings in the premises (Getz & Page, 2016). This is the reason why I have some passion and want to start a corporate event facilitation business, a company which will be planning, organizing and presiding over various businesses corporate events all over the country for a start the stretch to cross border operations.

Our company will be working with the various business organizations to help them plan for the events to ensure everything works out smoothly, organize the venue and make it set for the particular event and make sure it gets to the expectations of the clients. The business will be dealing mainly with business organization events, so we will employ some professional facilitators who are well knowledgeable on the business and economic matters to run these events (Macias, Rau, & Stouraitis, 2016). The client in this case the business organization which has the event will give us their program and then we will do the budgeting and planning and review the program with the business before the D-day to ensure that their expectation is met. For any business to succeed in its operations, the customers’ needs should be given the first priority and ensure that they are satisfied, we will also come up with a system of getting the customers feedback so that we can get to know the areas we are not performing well according to the customers’ opinions so that we can improve on them.

Anyone who starts a business company normally have that dream of making some good profit and grow financially and economically by serving the customers the right way. The main reason why am interested in starting this company is because of the opportunity that I have seen in the market, corporate events businesses are working quite well for those few companies who have invested in that area of the economy, so I also want to be a partaker of the benefits (Lloyd & Dicken, 2018). The other reason is that I have personal interest in events organizations and specifically ones that have to do with business; it opens the understanding of an individual and make him or her think differently on the economic issues.

References

Getz, D., & Page, S. (2016). Event studies: Theory, research and policy for planned events. Routledge.

Macias, A. J., Rau, P. R., & Stouraitis, A. (2016). An analysis of the characteristics of firms conducting corporate events inside and outside waves.

Lloyd, P. E., & Dicken, P. (2018). The components of change in metropolitan areas: events in their corporate context. In The urban and regional transformation of Britain (pp. 51-70). Routledge.