{"id":6017,"date":"2016-10-12T09:10:55","date_gmt":"2016-10-12T07:10:55","guid":{"rendered":"http:\/\/blog.invoiceberry.com\/?p=6017"},"modified":"2025-12-05T13:38:36","modified_gmt":"2025-12-05T12:38:36","slug":"break-event-planning-market-succeed","status":"publish","type":"post","link":"https:\/\/www.invoiceberry.com\/blog\/break-event-planning-market-succeed\/","title":{"rendered":"How to Break Into the Event Planning Market & Succeed"},"content":{"rendered":"

The event planning industry is very healthy\u2014a<\/span> $5 billion a year industry in the US<\/span><\/a> to be exact. It also has amazing prospects. Through 2024, event planning is set to<\/span> grow by 10%<\/span><\/a>, a much larger growth than the average for other industries.<\/span><\/p>\n

However, because it is a discretionary service (meaning that people can live without it, or severely cut back on spending), it was deeply affected by the global recession. <\/span><\/p>\n

As a \u2018want\u2019 industry, it is sensitive to corporate profits, the unemployment rate, and the average consumer\u2019s disposable income.\u00a0<\/span>Nonetheless, because of that dip from the Great Recession, event planning has bounced back quite healthily.<\/span><\/p>\n

Rather than getting lost in the organization and execution of the event, and therefore missing it completely, companies and individuals prefer to enjoy the event and have someone else plan it for them.<\/div>
\n

As disposable income and corporate profits continue to rise, along with a stable and growing unemployment level, the industry is set for strong growth. Rather than getting lost in the organization and execution of the event, and therefore missing it completely, companies and individuals prefer to enjoy the event and have someone else plan it for them.<\/span><\/p>\n

Companies will need event planners to organize their annual or quarterly events, their office parties, product launches, conferences and such.<\/span><\/p>\n

Consumers will need event planners to organize their weddings, birthdays, retirement parties, and all other important events.<\/span><\/p>\n

They will need quality, organized event planners to help them plan and execute the perfect evening, weekend or week for their events. If you\u2019ve ever considered getting into your own event planning business, now is the best time to get involved.<\/span><\/p>\n

But as with most people starting any business, there are a few important questions to consider:<\/span><\/p>\n