Cite Contribution
Community Manager
Manju M N
Leadership Excellence & Recruiting

Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
Dear learned friends,
I would like to start up a events management company .Please can you help me with the budget plan for the company in general with a capital of 50lakhs .also the staffing structure and salary approximate .projection for six months minimum

Dear Manju,

I met Ketan Dossa , founder Masala Dossa

Did ask him if was boot strapped or funded and how did he take it from ground zero to the profitable company that he is now?

He said all he started was with a laptop and a mobile and went cash positive with his second event.

His firm grossed with 40 lacs as a profit in the last financial year.

Event management is more about the connections you build. Try and include founders and not hire beyond that. There are free lancers whom you can include for their skills, to keep your team size small.

He said something very important, that is, he didn't start his business before he found his first few clients. Once a steady flow of business was set, the rest followed. The founders in his firms are experts at the roles they deliver. The equipments they use are from the people they know since a long time, so get the best rates from them.

Till date, they have minimum investment into the business. Its the money that the client pay, they deliver the event with it.

So please avoid making any investment from your side. Do not pay at the events , rather begin the work only once the payments are made. Any recurring payments will go into the loop, so avoid it at every cost!

I can connect you to him, if you may wish to take this further.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™