For event and leisure

START UP AN EVENT EQUIPMENT HIRE BUSINESS

STEP1. PLANNING

Initial planning checklist for individuals considering starting an event equipment hire business.

1.

Do as much research and learning about running an equipment hire business as you possibly can from a variety of business sources and literature.

2.

 

Make yourself aware of what's really involved running your own event equipment hire business, the hours involved and the type of work.

3.

Decide whether to opt for fun food and fete games equipment, traditional marquees or catering hire.

4.

 

Plan what types of equipment you will be hiring out i.e. candy floss machines, wedding marquees, portable stages, luxury seating for functions etc.

5.

 

Plan how many pieces of equipment you will need to purchase in order to get your business started.

6.

Research your local hire market, potential customers and specific customer groups who are likely to hire equipment in preference to buying.

7.

 

Plan how you will go about letting potential hirers know about your new business and hire services.

8.

 

Prepare your business plan and carefully organise your finances along with any possible borrowing.

9.

 

Plan for the impact your new business will have upon your family and your current way of life.

10.

 

Plan for the unforeseen, unexpected, seasonal variations and any what if's.

Finally for the most difficult task of the planning checklist! Every business needs a good catchy, easy to remember business name and logo. Good luck!
For more detailed information regarding any of the above points refer to the key points navigation links
 

KEY POINTS

CHECK LIST

The initial idea
Have you ever considered starting your own event or fun food equipment hire business?
Find out more

What's involved
It looks so easy, but what's it really like running your own hire business?
Find out more

Where to hire out
Plan where your customers will be and how you target that audience.
Find out more

A niche market
Fun food catering equipment and fetes games hire is a growing area.
Find out more

Business plan
Financial planning is essential for your new event hire business to work.
Find out more

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