Party Planners Small Business Idea
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![Page 1: Party Planners Small Business Idea](https://reader035.fdocuments.us/reader035/viewer/2022070323/5596470f1a28ab7e368b478e/html5/thumbnails/1.jpg)
Perfect parties
Andzhela Nikolova
Deivydas Petrauskas
Amran Mann
![Page 2: Party Planners Small Business Idea](https://reader035.fdocuments.us/reader035/viewer/2022070323/5596470f1a28ab7e368b478e/html5/thumbnails/2.jpg)
Introduction
For our small business idea we have decided to promote themed parties for children and have named ourselves Perfect Parties. We feel this is a catchy name to sell our services. We could organise your party at your choice of venue, whenever you want.
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male female
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Gender
What is your gender?
MARKET RESEARCH
This chart shows that we did get 12 males and 16 females to fill out the questionnaire.
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1.-5 6.-11 12.-17
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Age
How old is/are your child/children?
MARKET RESEARCH
This chart shows the majority of parents’ children were aged between 6 to 11.
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MARKET RESEARCH
This chart shows that the most preferred parties are Pirate, Face painting, Princess/Prince and Film characters parties, so on base of our research we are going to offer these parties.
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Parties
Which of the following parties would you chose?
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party?
MARKET RESEARCH
This chart shows that most of the people would consider a party planner to organise their party
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Monday/Friday Daytime Evening Weekend
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Time
When would you like your party to be organized?
MARKET RESEARCH
This chart shows that most of the people would consider a party planner to organise their party at the weekend
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£2 per child £3 per child £4 per child
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Amount
How much are you willing to pay?
MARKET RESEARCH
This chart shows that the most preferred amount of money per child is £4 to organise party activities.
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Yes No
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leWould you like a party bag for each child?
MARKET RESEARCH
This chart shows that 27 of 29 people would like a party bag for each child.
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£2 per bag £3 per bag £4 per bag
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Amount
How much are you willing to pay for a party bag?
MARKET RESEARCH
This chart shows that most of the people would pay £3 or £4 for a party bag, so our price for a party bag is going to be £3.50
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Target MarketWe are aiming at parents with children
between the ages of 1 to 17 but we mainly want to attract customers with
children aged 3-11
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Source of finance
We are going to get the money for our small business from our parents and once when we start to earn a profit we are going to pay them back
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WHAT WE ARE OFFERING
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WHAT WE ARE OFFERING
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• Bubbles – 24pack £3• Toy car/doll 99p• Crème egg – 50p• Party bag – £1.20 • Total – £3
Pirate - £6.95Dinosaur – £12.99Princess/prince - £11.99Animal masks – 99pSuper man – £10.20
Face Paints – £3.99Paint brushes £1.50
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£4 per child- to organise party activities.
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Costs
• Pirate costume= £6.95 (6.95x3=20.85)
• Dinosaur costume= £12.99 (12.99x3=38.97)
• Princess/prince costume= £11.99 (11.99x3=35.97)
• Animal masks – 99p
• Super man costume= £10.20 (10.20x3=30.60)
In red colour we calculated the total price per each costume for 3 people.
Face paintingFace Paints – £3.99Paint brushes £1.50
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Total Costs• Total cost for all costumes is going to be:
£106.53
• Total cost for the Face Painting is going to be: £5.49
• Total cost for party bag will cost £3 for child, for example for 10 children it’s going to be £30
The total amount of money that we need to start our small business is: £112.02 + £3 for party bag for each child
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Selling Prices
Our selling price per child is £8 (including the party bag)
Our terms and conditions are:
We organise our parties for ONE hour and minimum number of 10 children.
We offer an extra ‘Face painting’ for each theme you choose and it is only £4 per child