Business PlanExecutive SummaryExtravaganza is a full service company providing comprehensive party planning services for weddings, bridal showers, baby showers, sweet 16s and anniversaries. 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 an enjoyable and memorable experience. This is why we offer a series of packages and services specifically designed for the needs of each person. Our goal is to meet the needs of each customer and make them understand that there can be a convenient and stress-free way to organize a party.2. Business SummaryExtravaganza is a small business specifically aimed at the “blue collar” working class world. We will be headquartered in Jersey City, NJ with plans to expand to other areas of New Jersey in the future. Extravaganza is a "first class" party planning company with an affordable "coach" price point. We will specialize in weddings, baby showers, Sweet Sixteen, Quinceneras (Sweet 15), bridal showers and reunions. The reason I decided to start this type of business is because Jersey City is growing rapidly. From my experience, people in this area don't particularly care about using a party planner due to the cost. They would rather spend less and stress out more. Extravaganza will show them that at a reasonable cost they can throw the party they've always wanted. Extravaganza will offer lower prices and flexibility than others. Our staff will be multicultural and will be able to meet everyone's needs, regardless of your nationality. We will build......half of the document......t Accounts Payable Liabilities $0 Loan $2,000 Current Liabilities $2,000 Critical Risk Factors As an event planner, it is important to take a moment to think about policies and to potential problems and emergency situations that could affect your event. Management Risks - We may be understaffed for larger groups Marketing Risks - Lack of marketing our services to the target group Operational Risks - Vendors/suppliers canceling at the last minute Financial Risks -. Not having sufficient funds or not being approved for some 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