Professional Documents
Culture Documents
Tempting Events
Submitted by
Shaheena Hafeez
S141BBAH001
LaraibJaved
S141BBAH004
Sana Azhar
S141BBAH002
ShahzaibAftab
S141ABBH034
BBA 3
Foundation University Rawalpindi campus
Tempting Events
Certificate
I have supervised the business project Event management (Tempting Events) by Shaheena
Hafeez, Laraib Javed, Sana Azhar and Shahzaib Aftab, BSBBA graduates of Foundation
University Institute of Engineering and Management Sciences (FUIEMS), Rwp. The work is
worth presenting for evaluation.
_________________________________
Signature/name/designation of supervisor
Acknowledgements
We are very grateful to Almighty Allah (the compassionate and the merciful) who blessed us
with the dedication and insight to do this research. We acknowledge with thanks and appreciation
to our faculty member; Mr Ahsan Javed whose supportive guidance made it possible for us to
complete our research.
Lastly we would like to thank our parents and siblings for the encouragement and support that
they provided us and patiently bore with us through the whole study. Without their help we
would not have been able to see our project completed.
me
smarizing
Hepnatizing
Table of contents
Executive summary ...... 5
Chapter 1 Introduction......................................................................................................5
Objective..............................................................................................................................5
Vision...................................................................................................................................5
Mission Statement................................................................................................................5
Business Profile...................................................................................................................6
Key personnel.6
Business Goals.....................................................................................................................6
Company Location...............................................................................................................6
Chapter 2:Maket Analysis of Tempting Events...............................................................7
Chapter 3:Research Methodology..7
............................................................................................................................................11
..12
............................................................................................................................................13
............................................................................................................................................13
............................................................................................................................................13
............................................................................................................................................13
............................................................................................................................................13
............................................................................................................................................13
Chapter 4: Data collection and analysis.........................................................................14
Chapter 5: Conclusion.....................................................................................................20
Conclusion ..21
Recommendation...............................................................................................................23
Bibliography...............................................................................................................
...................24
Appendix...........................................................................................................................25
5
Executive summary
Welcome to the future of event planning! Tempting Events brings to the community of Pakistan
a new breath of air in the event planning market. By combining old fashioned values, going the
extra mile, and using cutting edge event-planning software tempting events will lead the market,
providing the same quality results, every time. Tempting Events is an equal opportunity
business making its expertise and its products available to help its customers plan their own
events. Party Packs (complete kits for their event), make hosting a party a snap, right down to the
refreshments. The event planning software brings interactive event planning as close as their
personal computer. Through these and other affordable products and services,
Tempting Events aims to be the number one resource for any event.
CHapter
#1
INTRODUCTION
Tempting Events (Event management planners) brings to the community of Pakistan a new fresh
breath of air in the event planning market. By joining old fashioned values and using cutting
planning software, Tempting Events will lead the market, providing best quality events every
time by understanding the desires of their customers.
Objective:
In ever fast moving world, success is intended by good choices of lasting effects.
Vision
(The business idea)
We will distinguish ourselves in event management market by managing, producing and
supporting outstanding events that exceed customers expectations in terms of value, service and
innovation.
Mission statement
To accomplish the hurricane of desires and to make each second memorable and applaundable
join your hands with us and get the real pleasure joy and everything.
Business profile
Business details
Company name:
TEMPTING EVENTS (EVENT MANAGEMENT COMPANY pvt.ltd)
Address:
Office#19, first floor, Zaki plaza, I-8 Markaz Islamabad, Pakistan
Telephone number:
+92-51-2553642
+92-51-2556789
Legal status:
Limited Company
The business will:
We are the planners of best and organized events.
Our services
Wedding and General Event Services
Makeup artists
Health and safety including crowd management
Key personnel
Details of owner(s):
9
Business goals
We are committed to undivided attention to every detail of service with the highest
quality.
We provide our guests with superior services and always to provide better than our
competitors.
10
We are dedicated to the pursuit of attaining financial success of our company, our
partners, and team members.
Packages
Party pack
The Party Pack is a complete kit for any party. It includes decorations, lighting effects guide,
disposable theme cameras, cutlery, plates, napkins, cups, punch mix (or recipe), snack supplies
(or recipe), tablecloths theme music (where applicable), invitations, thank-you cards, and a stepby-step guide to planning, putting together, and hosting the event.
Step-by-Step Guides
These booklets include a calendar to map out the event, a step-by-step guide on what is needed
for and how to put together a successful, stress-free event, resource information, popular
refreshments with recipes, games, and tips to put their event in the record books. The events
available include birthdays for all ages, meetings, retreats, parties, vacations, and special
occasion celebrations such as graduations, holidays, showers, weddings, and receptions.
Event Planning Software
This cutting-edge tool will allow the client all the resources and visual aids for their event
planning. They will be able to play with decoration themes, listen to theme music, design
invitations, thank-you cards, and RSVP cards, use the interactive planning calendar, and much
more. This software will bring their event into the millennium with cutting edge technology that
is designed to save time and money.
Resources Manual
This valuable guide acts as a review for all the resources located in the surrounding area. A
ranking is given to the various services, such as caterers, decorators, disc jockeys, bands, and
facilities. This manual gives the client the freedom of making a choice based on experience.
Free Event Planners Training for High School and College Students
As a member of the Punjab community, it is our mission to support our community. Ten hours
each month will be devoted to training area students in event planning. This will aid them in
planning proms, graduation parties, river clean-ups, homecoming, and other important events.
This is a priority of Tempting Events. It will not be cut back as the business grows.
Tempting Events provides event planning in a wide range of applications. We guarantee
satisfaction in the areas of appearance, performance, and taste. The following is sampling of the
types of events we plan every year:
Startup Requirements
Startup Expenses
Particulars
Amount
200
Stationery etc
300
Brochures
185
Consultants
200
Insurance
145
Rent
150
Ment
Expensed Equipment
1985
Other
200
3365
Amount
13
2300
Start up inventory
Other assets
2300
Total assets
2300
Total requirements
5665
Funding
Particulars
Amount
Investment
3400
Other
265
Total investment
3665
Current Liabilities
Account payable
Current borrowing
2000
2000
14
300
CHapter
#2
Market Analysis of Tempting Events
The following sections describe the market segmentation, strategies, and industry analysis.
Market Segmentation
The breakdown of the market for event planning falls in a wide, very diverse grouping.
Individuals as well as organizations demand the services we provide. In order to provide the
15
greatest depth of information, the market segments have been broken down into private and
public organizations, and age groups.
Private Organizations and Businesses
Private organizations make up the single largest portion of Tempting Events client base. Private
organizations such as businesses, corporations, and political parties host the most events on the
largest scales; therefore, these events generate larger revenues per event. The majority of larger
scale holiday functions will fall under this segment.
Public Organizations
Government agencies host many events every year. Tempting Events hopes to all alleviate the
pressure of event planning for public employees. The second single largest segment, the public
sector, can save money and give back to its community at the same time. These events are
moderate in scale with middle to low revenues generated. Emphasis is placed on the visibility of
the event for public viewing. The majority of organizational family functions will fall under this
segment.
Age Breakdowns
Under 24:
Persons under the age of twenty-four (24) using an event planner are rare at best. We hope to tap
the early college graduates who have begun their professional careers but have not yet started
their families. These events will focus mainly on themes with moderate to high energy appeal.
The revenues generated will range from moderate to high, depending on the event. The majority
of weddings will fall into this segment.
Ages 25-55:
The persons that fall into this age group are employed, middle to upper-middle class families.
The reason they choose event planners is they are too busy to do it themselves. Therefore,
Tempting Events will be on hand for questions, contact will be moderate in length but occur
regularly so as not to disturb the daily life of the families. These events will generate moderate
revenues, with a few generating low revenues. The majority of special occasion planning will
occur in this market segment.
Persons over the age of 55 have reached the turning point of life. Many are retiring, others are
celebrating anniversaries of significant years, and still others are seeing that their children's
special events are taken care of. These events will generate moderate to high revenues depending
16
upon the income level of the family (direct correlation to social status). Most holiday parties, and
other special occasions, such as wedding receptions and reunions, will occur in this market
segment.
Other
This segment has no direct information to compile for a description. It consists of any event
planned that does not fit into one of the above categories.
17
Profiling customers
The customer groups we will be selling to are:
We are providing our services to all persons of our country but our main customers are:
1. Grass roots( pvt.ltd CO)
2. Multisoft corporation
Our customer research has shown what your customers want is:
1. Fantastically organised events
3. One stop shop
4. Security
Reason
1. Having conducted research groups
5. Personal experience
Promotion
Promotion and advertising
Almost in every city and district through:
Print media
Social media excellent presence on face book and twitter
Radio & possibly TV
Gaining the trust of our customers through excellent service
Local Newspaper and flyers
Bill boards
18
Major Reasons:
1. television is still one of the Pakistans leading national advertising media, which is very
beneficial to us
6. Daily and weekly newspapers continue to determine local advertising.
7. Average household owns five radios including those in cars and in cell phones.
8. Magazines include consumer publications and business trade journals.
9. Outdoor advertising transit stations, stores, airports and sport stations.
10. Internet advertising and marketing now surpass sales from print media.
11. Sponsorship is one of the hottest trends in promotion offers marketers the ability to
integrate several elements of the promotion mix.
Pricing
Price is calculated by adding the following
Actual of cost item and services plus industry specific margin (suggested 15%)
Our price(s)
Transportation
Venue finding
Boutique offer
Dcor
Invitation cards
Lighting
Catering service
Accommodation
Total Actual cost
Rs.27,000
Rs.0
Rs.33,000
Rs.20,000
Rs.17,000
Rs.15,000
55,000
45,000
212000
Range of competitor
prices (per unit)
Rs.26,000
Rs.6,000
Rs.30,000
Rs.23,000
Rs.20,000
Rs.13,000
50,000
40,000
208000
Better negotiated terms with suppliers (better prices to us lead better prices to customers)
Strengths
Organized staff
TRIPLE E
THE GUL-EBAHAR
Security features
are quick
Weaknesses
Time cycle is
weak
Legal
requirement are
not extra efficient
Rating are very
high and features
are not
outstanding
20
SEMS
Well decorated
events
Transportation
facility is not
good
If we ever get a chance to improve their offer we will always focus on:
1. Cost
2. Security features
3. Time management
4. Transport service
SWOT Analysis of Tempting Events
Internal
Strengths
experienced team,
high motivation,
excellent PR
External
Opportunities
Support from the
local authorities
Weakness
Social loafing,
lack of funds,
lack of corporate
and social
contacts
Threats
Poor
infrastructure,
Bad weather,
Unavailability of
proper raw
material
included in these packets to ensure the client is being served as they deem appropriate. Thankyou cards will follow each individual event.
Sales Forecast
By beginning on a smaller scale, Tempting Events has the foresight to grow at a rapid pace to
keep up with demand. We wish to maintain a steady rate of sales growth; however, we
understand that sales of products and services will vary in different months. As noted in the
graph and chart, rapid increases during the holiday season will boost sales, then allow that
growth to level off at a steady rate.
Management Summary
Information and expense details are presented in subtopics Organizational Structure and
Personnel Plan.
Organizational Structure
The management team within Tempting Events will be small in the beginning. The primary
employee is the founder, who plans events, then contracts with caterers, decorators, disc jockeys,
and bands to fill out the event. A contract labour site manager will be on hand to work the events
as a liaison and vendor coordinator. Thus, there are two main employees with various levels of
vendors. When Tempting Events reaches its expansion goals, each office will have one to two
event planners, an office assistant, two to three site managers for the events, and a product and
marketing specialist. This team will function as one with constant communication through
weekly staff meetings, email, and message boards. All jobs are interrelated. The performance of
one affects the performance of the others; therefore, each team member expects nothing but the
best from each other. As it functions currently, we see no gaps in the management of this
organization. Should Tempting Events grow beyond its estimated size; more positions in
specialized areas will need to be added as well as additional site support and office assistance. To
fill these positions, Tempting Events is looking for energetic, teachable, detail-oriented persons
who want the potential to grow and improve their skills within the organization. Tempting
Events wants to be the best; therefore, they will hire those who want to succeed.
Financial Plan
Service-based businesses require little funds to start up, and as they grow and expand, less funds
to maintain. The charts and graphs that follow will show that investment upfront allows
Tempting Events to function debt-free with little overhead. This gives Tempting Events a
quicker break-even point and increased profit margins from the start. As Tempting Events
grows, the debt-free philosophy will be maintained until it is impossible to function during
growth periods without financial assistance.
Important Assumptions
Tax rates are noted for information. We carry no loan burden that would be affected by these
rates. What hits Tempting Events the hardest (but not nearly are bad as other service
businesses), is the tax rate of 23.5%, which is nearly one quarter of the total sales. As Tempting
Events continues to grow these numbers will be reference rather than influence.
23
Current Assets
Year1
Year2
Year3
Cash
119,063
437,376
809,335
Inventory
109
121
148
Account receivable
24,798
34,736
38,956
143,970
472,233
848,440
Accumulated
Depreciation
110
212
308
(110)
(212)
(308)
Total assets
143,860
472,233
848,440
Year1
Year2
Year3
24
Account payable
15146
8704
9850
Current borrowings
3200
4280
5360
18346
12984
15210
Total liabilities
18346
12984
15210
Paid in Capital
21265
36015
51015
Retained Earnings
(3365)
104249
423022
Earnings
107614
318773
358885
Total Capital
125514
459037
832922
143860
472021
848132
Net Worth
125514
459037
832922
Other Current
liabilities
Subtotal current
liabilities
Long term liabilities
Year1
Year2
Year3
Sales
353149
494670
554779
Direct Costs of
Goods
654
727
890
Others
196
203
221
850
930
1111
Gross Margin
352,299
493740
553668
Expenses:
25
Payroll
56044
63310
66560
CHapter
#3
RESEARCH METHODOLOGY
Research type:
The research type the researchers selected for their report is quantitative type.
By quantitative the researchers meant that researchers have adapted a certain format in order to
get the correct facts and figures for their research topic.
Tool of the data collection:
26
Tool of data collection researchers selected is questionnaire this tool helped the researchers to
get the opinion of the samples about their research topic.
It contained twelve close ended questions and one open ended questions for the samples
and the nine questions were specified for the existing Marketers.
Data collection:
Primary and secondary both sources of data collection has been utilized.
Primary source includes questionnaires
Secondary sources include
o Internet
Sampling type will be generalized
Scale:
We adopted four to five point scale and different scale according to the type of the questionnaires
for samples and another two point scale (yes, no) for others in our study because it made it easier
for us to apply tests.
27
All the data was gathered from both these sources i.e. Primary and secondary was converted into
quantitative data which made it easier for us apply tests on them. All this quantification and
converting our data into charts made it easier for the perceiver to grab things and understand the
research.
CHapter
#4
DATA COLLECTION AND ANALYSIS
The main objective of conducting this research was to determine and analyze the factors that had a part to
play in Event quality and then because of this stress, effects on the Events. Primary data was gathered by
distributing self-administered questionnaires. 20 questionnaires were distributed among the customers of
different brands.
After the completion of data collection, data was then analyzed using Microsoft excel
28
The analysis for this statement shows that 75% of people know the importance of event
organizing whereas 25% havent organized events.
2) What kind of event was it?
a.
b.
c.
d.
e.
f.
g.
h.
i.
29
The analysis for this statement shows that 25% of people have organized a wedding, 13% theme
party and home event, 4% anniversary, 12% New Year eve, and 4% of people have organized
rest of all events.
3) Who did you call to organize?
a.
b.
c.
d.
I organized it myself
Family
Friends
A company
30
The analysis for this statement shows that 50% of people said that they have organized the
events by their own, 40% of people hired an event management company and 10% of people
that their events are organized by their friends,
4) In general. Where does the event take place?
a. Outside
b. Garden
c. Hotel
d. Home
e. At friends house
f. In a venue hired for the occasion
The analysis for this statement shows that 45% of people have organized event at a venue
20% outside, 10% in a hotel, 15% in a garden and 20% at a friends house
5) What was your allocated budget?
a.
b.
c.
d.
100000
200000
400000
300000
31
The analysis for this statement shows that 40% of people marked option d, 13% 100000
option a, 27% option c, and 20% option b.
6) Last you had an event organized for had organized for you were you satisfied?
a.
b.
c.
d.
e.
f.
g.
Availability of venue
Originality of event
Quality of event
decoration
management
All of the above
None of the above
32
The analysis for this statement shows that 34% of people were satisfied with all of the above
mentioned options and 4% with none of the above.
7) Do you know any event agencies?
a. Yes please specify
b. No
The analysis for this statement shows that 45 % of people dont know about any event agencies,
30% know Eventoxs, 15% Sems, and 10% know about Triple E.
33
The analysis for this statement shows that 60% had security issues, 5% have privacy, and
35% were agreed.
9) What maximum budget you are willing to pay?
a.
b.
c.
d.
1.5 lac
2 lac
2.5 lac
3 lac
The analysis for this statement is that 40% of people were to pay 3 lac, 5% 4 lac, 15% 2.5 lac
and 40% of people were agreed to pay 2 lac.
10) For what kind of services would like to hire an event manager?
a. Events manager for a full day
34
b. Car rental
c. Look for and choose a caterer
d. Look for to hire venue
The analysis for this statement is that 29% like to hire a manager for full day, 20% look for to
hire a venue, 27% look for and choose a caterer and 24% like to use car rental facility.
Chapter
#5
CONCLUSION
35
The investigation of this research helped in understanding what is basically event management
and why is so much importance given to it in the developed nations of the world. Event quality is
an element without which Event management companies cannot survive in the ever changing
environment of globalization. If these firms are not flexible enough, are not able to incorporate a
knowledgeable and information based culture, they will not be here for the long run.
Main objective was to design a service that will help to satisfy our customers and they will be to
enjoy stress free and our task is to get their all burden of work in organizing events.
Second objective was to investigate the opinion of the population about the importance of
organizing an event. It was found that people here do enjoy going to attend and organize events,
as it offers a different taste and culture but due to high prices they cannot afford it on regular
basis.
BIBLIOGRAPHY
www.slideshare.net/aiesec_india/event-management-15783575?related=1, 2015.
Retrieved on Saturday, April 25th, 2015
36
http://www.webcrawler.com/info.wbcrwl.305.12/search/web?
q=what+is+event+management&cid=185531599&ad.network=g&ad.keyword=wh
at%20is%20event
%20management&ad.creative=42411824479&ad.position=1t1&ad.placement=&ad
.matchtype=b&ad.aceid=&ad.ismobile=&ad.device=c&ad.devicemodel=&ad.segm
ent=info.wbcrwl.305.12&gclid=CPif8MeB1sUCFWbKtAodRzUA9w, 2015. Retrieved
on Tuesday, April 30th, 2015
http://www.eventbusinessacademy.com/why-events/what-is-event-management,
2015. Retrieved on Friday, May 22nd, 2015
www.quotations.com , 2015. Retrieved on Saturday, May23rd, 2015
APPENDIX A
Questionnaire
37
38