Business PlanSummaryExtravaganza is a full service company that provides complete party planning services for Weddings, Bridal Showers, Baby Showers, Sweet 16 and birthdays. Our staff is made up of experienced and dedicated professionals with many years of party planning experience. Extravaganza listens to clients' needs and works with them to create the event of their dreams. We want every detail of their event to be both an enjoyable and memorable experience. This is why we offer a multitude of packages and services specifically adapted to everyone's needs. Our goal is to satisfy the needs of all customers and make them understand that there can be a stress-free and affordable way to plan a party.2. Summary of the activityExtravaganza is a small company specifically aimed at the “blue-collar” working world. It will be based in Jersey City, New Jersey, and plans to expand to other areas of New Jersey in the future. Extravaganza is a “first class” party planning company with affordable “coach” pricing. We will specialize in Weddings, Baby Showers, Sweet Sixteens, Quinceneras (Sweet 15), Bridal Showers and Reunions. The reason I decided to start this type of business is because Jersey City is growing rapidly. In my experience, people in this field don't particularly care about hiring a party planner because of the cost. They prefer to spend less and stress more. Extravaganza will show them that at a reasonable cost, they can throw the party they've always dreamed of. Extravaganza will offer lower prices and flexibility compared to others. Our staff will be multicultural and will be able to meet everyone's needs, regardless of your nationality. We will build...... middle of paper ......t Liabilities Account Payable $0 Borrow $2,000 Current Liabilities $2,000 Critical Risk Factors As an event organizer, it is important to take a moment to think about policies as well as potential problems and emergencies that may affect your event. Management Risks - We may be understaffed for large parties Marketing Risks - Failure to market our services to of the targeted groupOperational risks - Suppliers/suppliers canceling at the last minuteFinancial risks-. Not having enough funds or not being approved for certain loansBibliography1. http://www.bplans.com/sample_business_plans/Wedding_and_Event_Planning_Business_Plans/Personal_Event_Planning_Business_Plan/executive_summary_fc.cfm2. http://www.entrepreneur.com/startingabusiness/businessideas/startupkits/article37892.html3. http://www.wisegeek.com/what-is-event-planning.htm