Start Your Own Event Planning Business: Your Step-By-Step Guide to Success (StartUp Series) by Cheryl Kimball

Author:Cheryl Kimball [Kimball, Cheryl]
Language: eng
Format: azw3
ISBN: 9781613083062
Publisher: Entrepreneur Press
Published: 2015-04-19T16:00:00+00:00

Before you hire any vendors, make sure they carry the proper insurance (see Chapter 4) and meet any other legal requirements. A valet-parking service, for instance, needs to be insured, and perhaps bonded, in case a valet damages a car while he or she parks it. A caterer needs a food-handling permit and insurance. Even entertainers may need to carry insurance.

Before you hire a vendor for the first time, find out all you can about the company’s history. Ask for letters of reference, too. Or, ask if you can attend an event at which the vendor is providing a service. Once you are satisfied, make sure you have a document indicating what the company will do for your event. Vendor proposals should include the following elements:

•Complete description of service

•Description of equipment vendor will provide

•Listing of additional services vendor will provide, if any

•Description of costs and payment terms

•Scheduling information

•Proof of insurance, bonding, and other risk-management practices

•List of vendor requirements (water, electricity, etc.)

In addition, make sure these details all appear in the vendor agreement (see Chapter 4).

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