12 Feb 10 Expanding Your Meeting Planning Business
If you are a self-employed meeting planner, you may be dreaming of the day when you will have so many clients that you will have to expand, or you might be dreading it. Either way, there will likely come a time when you no longer want to work seven days a week, 16 hours a day, or when you simply cannot finish all of your work, regardless of the hours that you put in. Of course, you may also start thinking about expanding before this, but it can be difficult to determine the right time for adding an employee to your meeting planning business.
Part of the problem is that you first need to have enough clients and enough money coming in to justify – and to cover – the additional expenses associated with having an employee. However, in true catch-22 fashion, in order to take on more clients or plan more events for your existing clients, you need more help.
Here are three steps you can take towards comfortably taking on a full-time employee:
1. Start by outsourcing – Yes, outsourcing is going to cost you a bit more than if you simply did everything yourself, but it will also allow you to free up some of your time, which can then be dedicated to increasing your client base.
2. Hire a part-time employee – Once your outsourcing has allowed you to begin to bring in more money and take on a few new clients, it may be time to hire a part-time employee.
3. Move her up to full-time, or hire a second part-timer – Once step 2 begins to pay off, it is time to re-evaluate and consider making your current part-time employee a full-time staff member, or taking on more part-time help.
Tags: Catch 22, Current, Dreaming Of The Day, Employee Outsourcing, Enough Money, Fashion, Full Time, Meeting Planner, Meeting Planning, Part Time, Part Timer, Right Time, Self Employed, Seven Days, Staff Member, Step 2, Three Steps, Time Employee, Time Staff
23 Dec 09 When Las Vegas Fails, You Win!
Have you noticed that your company is no longer sending you to Las Vegas, Nevada for conventions, business meetings, or stress-break weekends? Las Vegas has noticed.
- During the first three-quarters of year 2009, the Las Vegas visitor head-counts are down 3.9% that they are aware of. All visitors to the area are not counted individually in this estimate.
- During the first three-quarters of year 2009, unemployment is registering at 13.9% for the unemployed that are still able to get unemployment benefits.
- During November 2009, the city of Las Vegas ranked number 5 in the United States for housing foreclosures. This number is down from their rankings of the number one city for foreclosures almost every month since year 2007.
- The Las Vegas school system is cracking. As unemployed people turn to colleges for new skills, the colleges cannot handle the overloads. Classes overfill quickly then become unavailable. As families leave to keep their student funding, foreclosures continue, and elementary school registration drops.
What does this mean for company who is planning their next business meeting? GO!
The greater Las Vegas area is offering wonderful incentives to business travelers all over town, in all types of industries. Great efforts are being made to attract enough money to ride-out this economic disaster. Consumer services everywhere are upgraded as the old minimum-wage employees are replaced by unemployed college graduates. There has never been a better time for business travelers to host a meeting in the Las Vegas area; economic disasters breed great service and bargains.
Tags: Bargains, Better Time, Business Meeting, Business Meetings, Business Travelers, City Of Las Vegas, Conventions, Economic Disaster, Economic Disasters, Enough Money, Foreclosures, Incentives, Minimum Wage Employees, School Registration, Three Quarters, Unemployed College Graduates, Unemployment Benefits, Vegas Area, Vegas Nevada, Vegas Visitor
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