Event planning is the whole process of arranging an event. The event planner usually handles the preparation of finding a reception (researching the best place for the event); date of the event, budgeting, coordinating of transportation, arranging of food, decoration and entertainment, planning event activities and any needed support relative to the approved contract.

There are many possible market opportunities for the business. Those who are celebrating weddings, reunions, birthdays and anniversaries, conferences, meetings, graduations, fashions shows, memorials, civic events and any occasions that be needing the service of a professional event planner.

Ways to set-up event planning service:

1. Attend workshops and seminars, these will help you enhance your talent, capabilities and be updated with the business trends.

2. Choose the best business name; it will represent your company to the industry, think something that can register to the mind of the customers

3. Set-up your office and secure any required business permits; be prepare with your basic office equipments, specifically computer, printer, landline, fax, scanner etc.

4. Finalized what are the services included in your company, it is good that before you start the transaction, both parties understood what are the scope and limitations of your service.

5. Manage your costing and pricing, if it is hourly, flat or per project, per person and the terms of payment.

6. Planning and tracking your financial capability, inclusive of start up and future expenses

7. Research and maintain contacts with the following professionals: hotels, restaurants, caterer, florists, printing companies, giveaways maker, video maker, photographers, musicians and sound-system rental companies. Regular contacts with them may also help you to get some referrals.

8. Start promoting your business, think of different ways to promote your business, you can register your company name to yellow pages, online directory, posters etc.

9. Conceptualize your promotional materials. Be creative and resourceful.

The line of business considered as a fast paced, that is why it is stressful. It is a very demanding job, event planners are meeting different clients at the same time and usually do have the same date of deadline. Focus and good time management are some of the requirements by those who are planning to set-up the Event planning service.

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Franchising is a method wherein the franchisee is practicing a business philosophy of a franchisor. They agreed and signed a MOA (memorandum of agreement), wherein the franchisor grants other people to distribute their products, usage of trademarks and techniques in exchange of royalty fee and a percentage of monthly gross sales. Other supports from franchisor are the products training, marketing strategy, and staff uniform (applicable for restaurant or fast food business).

Franchising, according to some people is advisable to those people who wants to have their own business, but clueless or do not have any idea to the business protocol. It is a safe way of running a business, for when you buy a franchise, all the necessary trainings and supports are going to provide by the Franchisor.

Numerous companies are often and practicing franchising. Nevertheless, before awarding the franchise title, there are many things to consider and needed to check to the franchisee, such as the background specifically in the financial and personal capability of the person, the management ability of the franchisee and the area or location of declared responsibility. This process is a way of protecting both parties to any problems that may occur.

In granting a franchise, franchisor still need to study which type of methods are they going to utilize, for there are several franchising methods and it is very necessary to know which one is going to apply before starting the business operation.

Methods of franchising:

1. Single-unit franchising – this is the most popular among them. One franchisee to one area
2. Sequential franchising – If the franchisee shows good record in his/her first franchise, the franchisor may allow them to get or have another franchise to other location.
3. Sub-franchising – the franchisee has the go signal or the right to approve another franchisee under his or her supervision.
4. Area development - A variation on sequential franchising

5. Area representation – also called as the master franchisee. He or she is the representative of the assigned region.

One of the disadvantages of franchising is that the franchisee has no license to neither change nor add anything to the business without the approval of the franchisor. Anything about the business philosophy is under the control of the company owner or the franchisor.

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Marketing strategy is a part of business plan in every organization. This is one of the most important in running a business. In our time, many are using MLM or Multi-level Marketing as their strategy.

MLM also called as network marketing is a way of marketing in which the product and company is promoted directly to the consumers. The purpose is to create sales force that will perform as a distributor and generate income not only by producing sales but also by referring the product/company to the other people. Members of a MLM are earning income by commission based of their total independent sales plus the agreed percentage from the sales commission of their downline (recruit members).

Here are the reasons why many companies are using MLM or Multi-level Marketing as their marketing strategy.

1. Low-cost ways to promote company

2. Less workers or regular employee, meaning there is no need to hire salespersons and pay regular salary and other privileges of a regular employee.

3. No need to pay for big television advertisement

4. Salesperson has the high possibility to generate sales because they are earning by commission, they are more eager to gain sales than the regular employee

5. Easy to recruit members, many persons are interested to join for the following reasons:

a. The members success will be based on individual’s effort

b. Personal freedom

c. They have enough time to spend with their family

d. An opportunity to earn unlimited income

MLM companies are escalating, even in the web; they call each member as an affiliate partner. The process is the same; the only difference is as an affiliate partner to an online company, the task is to market the product online, either by sending emails or by putting the ads banner of the merchant to your own website.

I have here 10 lists of Multi-level Marketing companies (not in-order). They are successful in the field and you might at interest to know their background.

1. Forever living products
2. Herbalife
3. Mary Kay
4. Avon Products
5. Cobra group
6. Freelife
7. Nu skin Enterprises
8. Usana Health sciences
9. Amway
10. Kleeneze

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Online Survey is the process of collecting information using web from a very large number of People to analyze different topics using statistical techniques. Many companies are willing to pay to get the necessary information. In fact, there are websites gathering different sites that are conducting online surveys.

Hundreds of websites are paying some people just to answer questions. The process is simple, register to the website with your email address and username, verify the registration and answer questionnaires containing your interests and product or service preference. They will just email you survey questionnaires that are in line with your preference and interest. The forms of payments are either in cash or by earning points, the earned points can exchange in to merchandise. Few People do it for a part time, others as a regular job; they usually joined numerous online survey sites and focus to the job to earn cash.

Advantages of Online Survey:

1. It gives a very fast result
2. The process is not too expensive to run unlike phone and house to house survey
3. The result is easy to modify
4. Can be used in large range industries
5. It is a well-organized way of conducting survey
6. Online survey saves time and manpower

Disadvantages of Online Survey:

1. Some People do not want to finish the entire questions
2. People have a tendency not to give an accurate answer
3. Some of the responses misunderstood the question and gave inappropriate answers
4. No probing and clarification to the responses

Websites who offer online surveys is very free to join. Those who requires payment are considered SPAM or not legal. Do not be fascinated with the big amount offered in exchange with the paid registration. The highest pay in accordance with my research is $5 us dollars per set of questions.

Here are the few lists of online survey sites in which gives payment in exchange to your opinion.

1. Global test market (http://www.globaltestmarket.com/)
2. Survey spree (http://www.surveyspree.co)
3. Global opinion panels (https://www.globalopinionpanels.com)
4. Survey savvy (https://www.surveysavvy.com)

5. Test spin (http://www.testspin.com/)

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The Better Business Bureau has urged consumers to have a clear understanding of the various debt relief options so that even if the companies offering debt solution try to take you for a ride, they will not be able to do so. Debt counseling has assumed greater importance following the financial catastrophe that has struck United States. It has sent ripples to all the major economies of the world.

On approaching a debt counselor also referred to as a credit counselor, your financial condition is assessed. The amount you earn every month and the amount you have to shell out every month as your expenses are taken into account. The debt counselor will make note of your other financial obligations.

Generally, the credit counselor will prepare a budget for you and ask you to abide by the same. On assessing your financial obligations, the debt counselor will suggest the options that will be best for your current financial position. It may be a debt consolidation program, debt settlement program or a debt management plan. In majority of the cases, debtors prefer to get out of debt with the help of these debt solutions. Often it has been observed that the aforesaid debt relief options may not be able to bail you out of the debt trap. Under such circumstances, you have to file bankruptcy.

As per the new federal bankruptcy laws, credit counseling has been made mandatory. If you are planning to file bankruptcy, you will be required to take “pre bankruptcy briefing”. If you are left with bankruptcy as the only option to a debt free life, seek assistance of an attorney who will guide you through the legal proceedings and suggest whether Chapter 7 or Chapter 13 will meet your requirements.

Contributed by Debt Community

Debt counseling has been made mandatory as per the new federal bankruptcy laws. Check out how a credit counselor can help you to get out of debt.

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