In Progress Application for business license and permit: Roles and Responsibilities Chief Executive Office: Completed Generating part of the start — up capital from the founder: In progress Purchase of various sizes of standard tents and other party rentals items: In Progress Conducting Feasibility Studies: Completed Opening Online Payment Platforms: Please note that the above projection might be lower and at the same time it might be higher.
Completed Purchase of All form of Insurance for the Business: As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of six years or more.
Co-ordinates the general assembling and dismantling of tents and ensure that they are safely transported to and fro event venues. Caroline Packer and his immediate family members.
These are the areas we intend generating our start — up capital; Generate part of the start — up capital from personal savings Source for soft loans from family members and friends Apply for loan from my Bank N.
Follows proper purchasing and requisitioning procedures. Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Sustainability and Expansion Strategy The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. We are coming into the industry with a business concept that will enable us work with the highly placed people and companies in the country and at the same with the lowly placed people and smaller businesses.
As an all — round tent rental and event planning outfit, we are ready to take advantage of any opportunity that comes our way. This means that the start-up can either be low or high depending on your goals, vision and aspirations for your business.
This, we have at the back of our minds always. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for the party rental items.
This is so because such a business will find it difficult to maintain its overhead and operational cost or generate enough income needed for business expansion.A Sample Party Rental Business Plan Template Business Overview The party supply rental business are basically involved in renting out tables, chairs, flatware, linens, centerpieces, stages, tents, canopies, public address system, red carpet, drums, plates, glasses, cutleries and other items for public and private parties and events.
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