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is it Good to Invest Money in Event Management Business?

Discussion in 'General Business Forum' started by Khawar Jordan, Sep 10, 2020.

  1. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    Hi Folks, is it a good idea to invest money in the event management business in London, is this worthy? Please give your opinion
     
    Last edited: Sep 10, 2020
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #1
  2. Ian J

    Ian J Factoring Specialist Full Member - Verified Business

    6,188 2,045
    Are you talking about event management in Pakistan or the UK where almost all events are currently banned
     
    Posted: Sep 10, 2020 By: Ian J Member since: Nov 6, 2004
    #2
  3. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    in Uk London,,,,
     
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #3
  4. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    Sir in London, yeah I know events are banned in the UK due to Covid-19 but the gyms are open
     
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #4
  5. Jass T

    Jass T UKBF Contributor Free Member

    58 7
    Haven't you really answered your own question in that statement ?
     
    Posted: Sep 10, 2020 By: Jass T Member since: Apr 22, 2019
    #5
  6. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    4,935 1,923
    On the basis you are asking random people on a form, for you I'd suggest it's a definite 'no'.
     
    Posted: Sep 10, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #6
  7. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    you are right sir because I want to gain more knowledge about investment in different businesses
     
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #7
  8. Socio South West

    Socio South West UKBF Enthusiast Free Member

    990 256
    As long as the events are either for less than 6 people or in a COVID managed situation there's no reason not to go for it.... but I'm not sure there will be much of a target market just at the moment.

    I would advise you to spend 18 months planning and learning and being ready to launch around Spring 2022.
     
    Posted: Sep 10, 2020 By: Socio South West Member since: Mar 24, 2013
    #8
  9. The Byre

    The Byre UKBF Legend Full Member

    10,348 4,328
    Two London events companies went bust this week. The few remaining are beginning to lose contracts now for 2021, i.e. the business might be back to normal by 2022 - that hardly sounds like an opportunity to me!
     
    Posted: Sep 10, 2020 By: The Byre Member since: Aug 13, 2013
    #9
  10. Alison Moore

    Alison Moore UKBF Enthusiast Full Member

    632 120
    It definitely not the right time to be investing in event management... Who knows how long these restrictions will go on for.
     
    Posted: Sep 10, 2020 By: Alison Moore Member since: Aug 4, 2016
    #10
  11. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    yes, you are right, few days ago I had a contact with an event management company Ems-Events
     
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #11
  12. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    4,935 1,923
    Ands as a professional business analyst, what part of their accounts made you view them as a potential investment?
     
    Posted: Sep 10, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #12
  13. Root 66 Woodshop

    Root 66 Woodshop UKBF Big Shot Free Member

    5,115 1,379
    [​IMG] OK! o_O
     
    Posted: Sep 10, 2020 By: Root 66 Woodshop Member since: Nov 22, 2011
    #13
  14. paulears

    paulears UKBF Big Shot Full Member

    4,514 1,190
    I organise and manage events and my diary cleared in March in just three days, the entire years work evaporated. A number of my suppliers have liquidated and another has just let the ten staff go and is now simply design, not design and build. The events industry is always using income from one project to fund the next. This companies that spend millions on new kit for the forthcoming events, festival and pantomime seasons in the UK owe the banks for the kit that is now out of guarantee in the stores. I had the last delivery of Line Array PA systems arrive two days before the plug got pulled. They have never been powered up other than plugged into my phone to test when they arrived. A big entertainment centre near me had roughly 60 production and performance staff on salaries. They are now open, but covid friendly and that 60 has become 15.

    Events are dead, and as the Byre says - even early 2021 bookings that remained on the books are now starting to cancel. My first one was mid January and I think it's about to be scrapped. The Government seem to believe you just say "OK chaps, you can open theatres next week" and it will happen, but then they change their mind, after you just spent the last of your cash on advance purchases. Just madness to even think of investing in the events industry unless you want to risk buying an ailing company for the inventory?
     
    Posted: Sep 10, 2020 By: paulears Member since: Jan 7, 2015
    #14
  15. Khawar Jordan

    Khawar Jordan UKBF Newcomer Free Member

    7 0
    Amidst the pandemic, most businesses contacted EMS Events for live/web streaming services. Industries like health care, educational institutes and many others got facilitated and still are being provided with. Following the regularities, they have proven out to give the best of their services at the shortest call out time.
     
    Posted: Sep 10, 2020 By: Khawar Jordan Member since: Sep 8, 2020
    #15
  16. paulears

    paulears UKBF Big Shot Full Member

    4,514 1,190
    I’ve absolutely no idea who EMS events are and I don’t understand what you’re saying? This wouldn’t be a terrible kind of advertising for them by any chance?
     
    Posted: Sep 10, 2020 By: paulears Member since: Jan 7, 2015
    #16
  17. billybob99

    billybob99 UKBF Regular Free Member

    1,774 595
    They think they're doing clever marketing.
     
    Posted: Sep 10, 2020 By: billybob99 Member since: Apr 23, 2013
    #17
  18. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    4,935 1,923
    ‘clever’ you say?
     
    Posted: Sep 10, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #18
  19. Mark T Jones

    Mark T Jones UKBF Big Shot Free Member

    4,935 1,923
    they’re a piss-pot events company, Phoenixed from one that failed a few years ago
     
    Posted: Sep 10, 2020 By: Mark T Jones Member since: Nov 4, 2015
    #19
  20. paulears

    paulears UKBF Big Shot Full Member

    4,514 1,190
    Looks like phoenixed twice with same directors. Going under once happens, twice suggest incompetence or deliberation but trying a third time just sounds dodgy. Thanks for starting this topic. One to add to my list of do not work for companies. I’ve also always though that by reusing the key word in a name you create a sense of untrustworthiness.
     
    Posted: Sep 10, 2020 By: paulears Member since: Jan 7, 2015
    #20