3 Corporate Event Business Success Stories [2024]

Pat Walls

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Updated: December 9th, 2023

Start A Corporate Event Business

A corporate event planning business involves conceptualizing, organizing, and executing special events for company clients.

This includes conferences, galas, retreats, trade shows, and celebrations that bring brands to life.

As an entrepreneurial event planner, you handle all event logistics while introducing creative concepts that leave lasting impressions on attendees.

Building a corporate event firm allows you to combine an eye for detail with business strategy to cement your role in the fast-growing multi-billion industry.

Here are some real life success stories of starting a corporate event business:

1. PartySpace ($800K/year)

Yurii Filipchuk, CEO and founder of Party.Space, came up with the idea for his business when the COVID-19 pandemic started and corporate accounts began rethinking how they used their workplaces for meetings. Yurii realized there was a need for a fun and easy-to-use video chat platform, so he and his co-founders created Party.Space. They quickly found their first big client, and with an average attendee engagement level 5x higher than traditional Zoom meetings, Party.Space is on track to book $1 million in revenue this year.

How much they make: $800K/year
How much did it cost to start: $200K
Current team size: 33

How We Make $800K/Year Throwing Corporate Events In The Metaverse

Party.Space, a B2B metaverse platform that helps remote teams from big/mid-sized tech companies, Fortune500s, universities, and Web3 DAO/guilds host engaging & immersive events in a browser, has accumulated over 130 customers and more than 30K visitors, boasts revenue bookings growing x3 QoQ, and plans to book $1m this year.

About

Yurii started PartySpace almost 4 years ago

Revenue

Yurii grew the business to $66.7K/month

Costs

It cost Yurii $200000 to start the business

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2. Corporate Caterers

At Corporate Caterers, our delicious catering menu is matched only by our exceptional service. We cater to groups of 10 or more and that always includes delivery, buffet-style setup, cleaning and even packing up what’s left over (if anything).

Where they're located: Miami, Florida, USA

3. PartySpace

Host stunning virtual parties, custom corportate celebrations & virtual events in metaverse for your team. Any scale 3D space for any kind of event!

How much they make: $800K/year
Where they're located: Redwood City, CA, USA
How much did it cost to start: $200K
Current team size: 33