Many people out there assume they need tons of money to start an event planning business. This is a common excuse that’s stopping many budding entrepreneurs from realizing their dreams. Starting an event planning business with little or no money is possible. An event planning business is not about renting fancy office space or sinking cash into top-end furniture. If you have the passion, coupled with a great idea and resolute determination, you can get an event planning business up and running.  In this article, we’re going to show how easy it is to start an event planning business without money.

Develop a plan for your business

This is the first thing you need to do before anything else. Build a persuasive business plan based on your research. Ensure you capture all essential details so that lenders and investors can find your business idea to be compelling. At the minimum, your business plan should include industry analysis, target market, competition, operations plan, marketing plan, pricing, and logistics.