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There are other associations out there, but most are geared more toward large conventions, so they might not be best for entrepreneurs who are starting small.

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These professional groups can provide data on the industry, information on becoming a certified planner, mentoring programs and the opportunity to network with other professionals that have started their own event spaces. You also need an understanding of the economics of starting your event space.Īs a first step, reach out to professional trade associations, such as the National Association for Catering and Events and the Wedding International Professionals Association. The information you gather will also help you develop a business plan, a must if you’ll be seeking financing. Research is a critical step, as you’ll need to determine the viability and requirements of starting an event space in your desired location. If you’re convinced you have what it takes to start your own event space, you’ll need to prepare an action plan to guide you through the journey of turning this dream into a reality.

Owning an events business takes guts and dedication.

Do I have (or can I develop) the business acumen necessary to start and run a business?.

Am I ready to accept the risks and sacrifices of starting my own business?.

Will I be able to weather the challenges of owning a business?.

It’s a good idea to ask yourself some important business-related questions before you start: Bureau of Labor Statistics has forecast event business growth of 7% through 2028, faster than the average growth rate for all other occupations.īut starting an event venue business requires much more than the key skills you may already have - being super organized, a problem-solver, a people person with great communication skills and a great vision, in addition to an eye for detail.

Starting an event venue business in 6 steps.

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