Event Planning Business Plan Template [Updated 2024]

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V. Competitive Analysis

You can download our Business Plan Template (including a full, customizable financial model) to your computer here.

Direct & Indirect Competitors

Benchmark Events Company
Helping with some 5,000 events a year, Benchmark Events produces and markets the entire experience — from architectural engineering, graphic design, digital marketing, and lighting to scripting, storyboarding, and gathering an audience. It also helps with logistics staffing, financial strategy, management and pricing, and food and beverage offerings. Benchmark Event clients have included big names such as IBM, Cisco Systems, Toyota, and Life Technologies. Founded in 1914, Benchmark Events now operates nearly 30 offices worldwide.

Firefly Conventions
Firefly Conventions is an events planning company that stages thousands of conventions, corporate meetings, expositions, and trade shows every year and prepares exhibits for its clients. Its operations include event design and production, stage rigging, market research analysis, social media branding strategy, translations services, and electrical services. The company’s mobile application allows clients to track and update their freight deliveries from their mobile device or PC. Founded in 1927; the company is owned by the founding family and company employees.

Firefly annually produces 4,300 expositions and 11,000 corporate and special events from its more than 70 offices in the US, Canada, and the UK. Its diverse clientele have included 3M, Alcon, General Dynamics, Mary Kay, McDonald’s, Microsoft, and Texas Instruments.

Pinpoint Planning
Established in 1984, Pinpoint Events is an event and meeting/conference planning firm recognized for its creative work, attention to detail, and highly personalized service. With its broad range of corporate, media and not-for-profit clients, Pinpoint offers full-service meeting, destination management and special-event planning.

Pinpoint approaches each event as a unique undertaking. Hundreds of organizations and corporations have entrusted their most significant programs to their dedicated and professional team for development, management, and implementation. Some of the projects it has been involved with are non-profit fundraising events, conferences, citywide festivals for tens of thousands, and private events featuring headline entertainment.

Competitive Advantage

[Company Name] enjoys several advantages over its competitors. These advantages include:

  • Service Customization: [Company Name] offers a myriad of options and allows extensive customization based on the specific event’s needs.
  • Management: Our management team has years of experience in different areas relevant to event organizing that allows us to market and serve customers in a much more sophisticated manner than our competitors.
  • Relationships: Having lived in the community for 13 years, [Founder’s Name] knows all of the local leaders, newspapers and other influences. As such, it will be relatively easy for us to build branding and awareness of our photography business.
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