There's money to be made in good times. Party and event planning makes a highly adaptable business for retired couples. Great organization skills, a love of parties and a sparkling personality are the primary requirements. You should organize a few serious bashes before you plunge in to this field. Offering to put together theme parties for family members or friends is a good way to test the waters.
Most party planners pick a specialty area. Maybe its children's parties -- always popular. Or you could focus on birthdays, family reunions, corporate meetings, fund raisers or awards events.
You'll need to pick up a lot of knowledge quickly to make your business thrive. You'll need to foster relationships with vendors of food, beverages, flowers and decorations. You'll need to develop a go-to roster of entertainers -- musicians, clowns, deejays or Elvis impersonators. You'll have to come up with inventive themes beyond the standard Hawaiian luau or Texas barbecue. Unless you stick to parties in clients' homes, you'll also need to track down a list of suitable venues.
Organizing parties is not all fun and games. The hours may be demanding and can often entail weekend work. The job can get hectic when glitches develop. At least one partner needs above-average communication skills in order to work smoothly with your clients.