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The Requirement to Start an Event Company in South Africa
How do I start a new event company?
Start with the right event tools for your business
- Set a marketing budget and use a PR company when possible.
- Clearly define your scope of work, mission and goals for your event business.
- Have your elevator speech ready.
- Do your market research.
- Spend some time learning tax laws and business filing in your area.
How do event companies make money?
Most event planners price their fees-for-service (the total cost to the client) using a “cost plus” method. They contract out the labor, supplies and materials involved in producing an event and charge their clients anywhere from 10 to 20 percent of the total cost of the event, with 15 percent being a rough average.
How much do events make in South Africa?
The average event planner salary in South Africa is R 390 000 per year or R 200 per hour.
How do I start my own event management business from home?
How to start an event planning business in South Africa
- Learn the Event Planning skills.
- Research Your Market.
- Outline your business plan.
- Name your event planning business.
- Register your event planning business.
- Hire An Accountant.
- Decide the event services you will be offering.
- Prepare your Event Planning Fees structure.
