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Starting a party planning business: pros & cons


Planning parties is hot!

Starting a party planning business is not as glamorous as it sounds, but definitely worth it! Pinterest is full of ideas and themes that will keep every party planner happy for years to come. I often hear people say that “it really can’t be that difficult” to organize a party. True, it is not difficult to organize a party and have fun. But if you want to do it well, there is much more to it than simply booking a caterer and buying party supplies. It calls for creativity, having the right connections, and most importantly: knowing how to create an unforgettable experience.

Celebrate while working

Party planners mainly focus on social events – the fun stuff – such as birthdays, baby showers, kids parties and basically everything that needs to be celebrated. They are responsible for booking locations, sending invitations, creating themes, hiring the right vendors, enthusiastic staff and making sure everything tastes as good as it looks.

No specific education needed

You don’t need any specific training to become a party planner, but by following courses and gaining experience, you’ll be well prepared. Building a network of suppliers – from caterers and party rental companies to entertainers – is a must. This way you can always cater to your client’s needs.

Pros of starting your own party planning company

  • You can start with a small investment
  • No specific training required
  • Learn along the way
  • Run your business from home
  • Socialize while working and meet interesting people
  • Be as creative as you want
  • No two days are the same
  • You can earn a good income

Cons of starting your own party planning company

  • It’s not just balloons, confetti and champagne in the party planning business
  • You work long and irregular working hours
  • Bookings often take place on weekends and sometimes even several days
  • At every event you feel the pressure to surpass your previous event
  • It can be difficult to find your ideal clients
  • Clients can have unrealistic expectations and be unreasonable
  • You are mostly dependent on third parties you hire. If they make a mistake, your reputation is on the line

Gain more knowledge and experience

If you’re think about starting a party planning business, take the first step! I hope you have got a realistic idea about the advantages and disadvantages of starting your own party planning business. Even if you do not need specific prior education to start, it is still wise to gain experience!

Are you struggling to get your business off the ground, or would you like to start off on the right foot? Check out the courses in our Academy.