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About Startup CostsThe startup costs provided in this database include an approximate financial investment that will be needed to start the business. This is generalized information and should only be used as a yardstick to determine business startup costs. Your investment will vary based on factors such as equipment, transportation, licensing and permits, operating location, working capital and initial marketing and advertising budgets. Remember a successful entrepreneur is one who carefully researches and plans every aspect of a new business venture, including the financial investment needed to start a business and the working capital required to achieve positive cash flow.![]() Make a business out of giving parties the Hollywood treatment. Red carpets, valet service and emcees are just some ideas for this event planning service. Business OverviewA red carpet service includes individual services such as valet parking, ushers, event planning, and professional emcees all wrapped up into one service for clients. The market for a red carpet service is huge in every city across North America, and clients can include event and wedding planners, business owners hosting special events, seminar and trade show companies, and even political and sports organizations for award ceremonies. Once established, this is the type of business that will be kept very busy by way of repeat clients and word-of-mouth referrals. As there are numerous variables, the profit potential for the business will fluctuate. However, even on a part-time basis the business is capable of $20,000+ per year.Related Business IdeasRelated ArticlesHiring Your First EmployeeLooking to bring your first employee on board? We'll help you understand the legal requirements of hiring staff so you don't hit any rough waters down the line. How to Name Your Business What's in a business name? Plenty. Not only must your name reflect your brand and be memorable, there are also a host of legal issues to consider. Here's how to choose a name that'll best suit your business. The Basics of Money Management Before you start making money, you've got to figure out how you're going to accept payments, establish payment and credit terms, and manage your finances. This how-to will help.
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