Corporate event management business

Small and medium businesses, industry associations, not-for-profits and larger companies that outsource events to save time.

A project management fee or a mark-up on supplier costs, often with a retainer for clients who run events through the year.

• Project management and budgeting
• Supplier negotiation
• Professional client relationships
• Problem solving on the day

• Public liability insurance, and ask whether professional indemnity cover suits your work
• Large clients may want to see insurance certificates and have you on a supplier list before paying
• Payment terms can be 30 days or more, so manage your cash flow
• Check which permits, security or safety requirements apply for each venue and event size with the venue and local council
• Workers compensation insurance once you hire staff, which varies by state or territory
• Registering for GST once you reach the turnover threshold

Startup costs are estimated at typically around $2,000 to $10,000, depending on your equipment, website, insurance and how you present your services to business clients. Many owners work from home at the start.

Monthly revenue is estimated at typically around $2,000 to $10,000, depending on the number and size of events you manage and the clients you win. Payment terms can be 30 days or more, so plan your cash flow.

Check public liability insurance and whether professional indemnity cover suits your work, as large clients may want insurance certificates. Also check permits, security or safety requirements with each venue and the local council, workers compensation once you hire staff, and GST registration.