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reflection on risk management as event manager
reflection on risk management as event manager
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When starting up your own Business in Events many factors need to be taken into consideration beforehand. This includes what skills you already have, considering the risk of self employment, research into the current demand for events, what type of events do you want to manage, do you have the determination, How are you planning to finance the venture and all the legal requirements. Firstly what skills do you posses that will help? Do you have enough knowledge in Employment law, Can you manage your finances, and do you know the necessary aspects of health and safety that are required? Communication skills are essential as you need to be able to clearly put across your ideas to your client in a concise and confident manner. It is also vital you are comfortable in managing others and delegation. When you employ internal staff you need to be able to motivate, encourage effective teamwork, with strong leadership skills and be able to develop your own successful sense and style of management. Being able to grasp conceptual ability (being able to deal with complex and difficult situations with assertive decision making and the drive to meet your own business objectives. This also includes being able to handle great responsibility and dealing with the uncertainty and the element of surprise). Taking the step to become self employed is a total lifestyle change, it is a lot more flexible however there is the inconsistency of regular incoming work in the early stages of a new business. Self motivation is needed to be able to overcome the risk entailed with self employment. You have sole responsibility for your finances, staff, reputation and so much more. You need to be confident enough to make your business a success. It is always good t... ... middle of paper ... ... Finally in your line of work you will be responsible for others at events and insurance will be needed. As a new business its best that you get insured per event as you don’t know how many events you will be organising annually to purchase it yearly. Insurance will protect you for all unforeseen damages and accidents, Public Liability Insurance (PLI) should cover most problems. You can get extra cover for other things as problems with your staff, a change in weather conditions, cancellation or even loss of money. It is best that you seek the help of a Insurance Broker they will find you the best deal around and tailor to the needs of each individual event. Overall many things need to be taken into consideration and each needed to be thoroughly looked into and researched and thought about. Starting a business in events is not a decision to make lightly.
They have to make sure that the price their charging for their festival is a reasonable price for the customers willing to come and have to make sure the location of the festival is in a safe area for customers travelling to the festival. Lastly, because the event is in outdoor event the parklife organisers should have all the equipped requirements to deal with any problems with the weather indoor. Facilities should be available to customers at the festival to keep them dry for customers coming to the parklife festival they will feel like they have paid a reasonable price to go to the parklife festival if services like this are possible during unpredictable
event yet he chose to put his business first. This should be a part in
The main concept that we want to change is the participation and the reseveration of the event, we would like to widen the scope of the participates to the event. If we are able to grow and allow the community to compete then with that it will allow the venue to change as
The key elements of business success are the people involved, the location, the supplies that are available, the plan that’s made as well as cost.
Proficient in computer programs such as Microsoft Office, Excel, Word and PowerPoint. Solid oral and written communication skills including business writing, proper grammar and spelling. Good organization skills including the ability to prioritize work and manage conflicting deadlines. The ability to work well with others. The ability to handle conflicts with diplomacy and tact. The ability to listen and evaluate objectively.
In the business world you need to have the ability to adapt with the skills listed below. This would include listening skills, assertiveness, negotiable skills, ability to handle criticism or feedback both good and bad. The ability to persuade and interview potential clients, customers, partners & employees.
After researching the impacts events have on regional development I have come to agree with the statement ‘The events industry is an effective and appropriate vehicle for facilitation of regional development’. The significance of this thesis is to critically discuss and demonstrate an understanding of the relationship between the events industry and regional development while also providing an understanding of the history of events and the increasing significance of the event industry in contemporary society. Real life examples from around the world are used to recognize and justify the event industry as part of the tourism sector and explore specific implications to event management. Various sectors of the events industry are identified and discussed to support the theoretical discussion on how the events industry is an effective and appropriate vehicle for facilitation of regional development.
So, furthermore, it is quite easy to enter and exit the market however, brand loyalty can influence how well your event planning does in the industry. Thus, consumers tend to look at the level of knowledge, expertise, and experience many event planning businesses entails in order to differentiate one from other competitors. Therefore, you tend to see that many consumers generally base their decisions and choices on if they have utilized the services previously, does the company have a great reputation, is the company known for exceptional services and events, and does other consumers speak highly about the business. All these factors contribute to how well a company excels over its competitors in the market. Moreover, these attributes and qualities brings forth and bridge brand loyalty among its consumers and potential consumers looking for quality services and companies within the event planning business and causes many event planning businesses to stand out and reign supreme over others. All the more making it harder for other incoming event planning business to excel due to others in the industry have the upper hand when it comes to knowledge and expertise according to many
You have decided on a location, and now it is time to make a list of the people who will be attending. Make a list of everyone you want to attend and do not forget their family members who may come with them. You may want to allow everyone to bring a friend if they are single, or you suspect they will come alone. Fill out your invitations and get them in the mail at least two weeks before your event. Now you are ready to get down to the details of the part...
Owning Your Own Business There are many advantages and disadvantages when owning your own business. When you own your own business, it’s known as a sole proprietorship. But with any type of business, there will always be advantages and disadvantages. Five advantages to owning your own business are: 1) The owner receives all profits, meaning that all earnings go to the sole proprietor, or the owner, and isn’t shared with anyone else.
Also, you must decide the number of guests you would like to entertain. A good idea is to create a list of your guests. Organization plays an important factor is planning a successful ...
From business conferences to weddings, there are events going on all around us, and where there are events there are event planners constructing it, putting it all together, while making everything run effectively. Event planning is always unpredictable and you need to be always ready for any problematic situation that may occur. When starting out there is a great chance that problems will occur that one will not prepared to face, but this is all a part of the improvement process. These situations should be looked at as a learning experience and should give you some ideas of how to improve one’s event planning skills and one’s own business. Because of all the hospitality, craziness, and personal gratification, I have chosen to become an event planner.
It would take time before I could build the necessary relationships with the venues, photographers, linen and design companies, entertainment businesses, and so many others. I would be able to organize and budget for all of the different vendors I would hire, but I do not have any relationships with them being inexperienced in this industry. If I were to start in the event planning industry tomorrow, I would need to utilize as many resources as I can in order to build the key relationships with vendors in the Peoria
Of course the impact depends on the goals, but most of the companies want events to be more than just an advertisement for their brand. If done well, events have the power for creating a powerful and lasting impression of all that the company can deliver. By allowing the people to get experience and interact with the company, product or service while participating in an event, you will be connected to potential buyers.
The local culture and customs might attract the businessmen who are attending a conference in the city and give them a favorable experience, and then they are likely to establish their business operations there in the future. Thus business tourism can stimulate future investments for the destination.