Event Management: A Booming New Sector

Rob Lancit

Date

Oct 07, 2019

Event management is a booming new sector, one which can be capitalized upon by entrepreneurial franchisees. Event management encompasses a great many industries. Various businesses use event management professionals for internal and external events. But, as with many types of businesses that are relatively new and unorthodox, it can be difficult to know how to get into the event management business. Even with an educational certification in event management, some people often struggle to find enough clients to be successful. Some are able to work as in-house event managers, but many businesses turn to third parties to help plan their events for them. That is why, for many, the best way to get in on this booming new sector is with an event management franchise.

Event Management

In the past 15 years or so the special events and event management industry has experienced significant growth. Some estimates place spending for special events at $500 billion a year (USD) globally. Now you know what we mean when we describe event management as a “booming new sector”. Event management franchises are seizing on this opportunity and are growing this sector even bigger. Event management is not a uniform process. Different businesses and people require different types of events and event management franchises can run several different services. There is plenty of diversity of work in event management and plenty of room to grow an event management franchise. With all this growth there are many event management franchises looking for qualified franchisees to own and operate their franchises.

Event Management Franchises

For over ten years now we have seen a trend of corporations, companies, and businesses deciding how to outsource their meeting and planning functions. This has created a great demand for event management franchises. And of course, there are social and personal events that require planning as well. Event management franchises can plan a lot of different events for different people and businesses. Such events include:

  • Business conferences and corporate retreats
  • Educational conferences and meetings as well as graduation ceremonies
  • Celebrations, festivals, weddings, birthdays, anniversaries, parades, etc.
  • Municipal events and county and state fairs
  • Promotional events such as; product launches, fashion shows, political rallies, etc.
  • Commemorations, memorials, and civic events
  • And more!

There is a lot that goes into planning an event and an event management franchise might have to do all of it; everything from location scouting and procurement, arranging for the transportation and accommodation of all the guests and attendees, sending out invitations, supervising events, and arranging for any necessary catering and entertainment.

What You Need To Know About Event Management Franchise

There’s a lot of opportunity in the event management industry.  However, that doesn’t mean that you can just buy any franchise related to event management and expect to make a profit. You have to choose the event management franchise that is right for you. Ask yourself what do you really want to be doing for most of your time. Do you want to buy an event management franchise that specializes in corporate events? Social event planning? Or do you want some variety and the ability to dabble in both?

Be The Boss

To learn more about event management franchises and to see if there are any event management franchise opportunities available in your area, please contact Be The Boss.

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