BUSINESS MODEL ENHANCEMENT

CALAMBA, GONO, JACOBE, HALILI – ELE EM A1-3

Key Partners
 Different Event Locations around the Metro
 Catering Services
 Lights and Sounds
 Photo and Video Services
 Photobooths
 Mobile Bars
 Souvenirs
 Equipment Providers
 Logistics

These key partners are like the lifeline of the business. Without them, the event would not work
perfectly, and without one of it, it would feel like as if it is incomplete. That is why these key partners
are really important for every business that we do. It is because the success of the event also depends
on them. So if something happens that is not good with one of them, there is a chance that everything
could fall apart. So in Elite Events we enrich our communication and we always build good relationship
with them, so that we would avoid conflicts internally, and we would be able to make your event a
memorable one.
 
Key Activities:
 Constant Coordination with Clients
 Purchasings of Designs for the Setup
 Coordinating with Service Partners
 Internal Meeting for Elite Events
 Meetings with Clients
 Event Orientations
 Event Preparation
 Making a Memorable Event
 The activities we do just describes how we are going to execute with the perfect event by the
communication among everyone that is involved. We really believe that to avoid misunderstanding, we
must learn how to talk to our clients and staffs in a way that is respectful, mannered, but at the same
time, professional. These activities are vital for the business because this helps making an event not just
fair but satisfactory for the clients.

 
Key Resources:

Physical Resources

These resources are vital to our business for these are the tangible things that will satisfy the
needs and demands of our clients and at the same time create value with them. The physical resources
that we offer have a variety of choices that would allow our clients to personalize the setup of the event
we are building for them. 

 Tables and Chairs

 Decorations
 Lights and Sound System
 Ceiling 
 Stage Setup

Human Resources

No event organizing team will be working without its support personnel staffs. Employees are
often the most important and yet the most easily overlooked assets of an organization. Elite Events have
well trained and intellectual staffs that will provide assurance of a successful and smooth-sailing event. 

 Event Staffs
 Host/s
 Waiter
Intellectual Resources

These are the intangible resources of Elite Events, in order for us to provide the utmost needs of
our clients we keep in contact with our trusted suppliers for us to build relationship with them and gain
their loyalty. Elite Events also has a data storage system that keeps all the records and transactions that
we incurred with our previous clients. 

 Contact of Suppliers
 Previous Client’s Database

Financial Resources

Elite Events have their render money always ready to pay for the things that will be needed to
satisfy the demands of our clients in the event we are building for them, before they actually pay for
the service we rendered them. 

 Render Money

 
Value Proposition: 
 
Elite Events is an event organizing team that provides our clients all the services needed to put
up a successful and memorable event. Our Services particularly includes Catering Services, Equipment,
Venue, Lights and Sounds, Photo and Video, Photobooths, Mobile Bars, Souvenirs, and Logistics. We are
also client-focused, we help our clients develop a clear vision of what they wish to achieve, and to create
and execute a complete solution that brings their vision into reality.
 
Customer Relationships:

 Long - term
 Personal Assistance
  Dedicated Personal Assistance
 Co-creator

Our business, Elite Events, aims to establish very strong, personal and valuable relationships
with our clients. In the events industry, it is very important to build a good relationship with your clients
in order to gain customer loyalty. Given the terms of cost and the format of the business, Elite Events
will be very precise and will prioritize the utmost needs and concerns of the clients in order to build trust
and loyalty with the relationship. 
 
Channels: 

 Website
 Email
 Number 

With the rapid increase of technology in our generation, the best channel to reach our clients
would be through the use of the internet. Specifically through our websites, email and also our cell
phone number for easier transactions. These channels are also convenient for the people who handle
the business since the channels are easily accessible. People nowadays incorporate technology with
their everyday routines. Having said that, it would be easy for us to assimilate our channels with the
routine of our clients. 

Customer Segments: 

 People who are employed and too busy to organize an event

 People who are preoccupied with work 

Our business focuses on the events industry. It caters to the people who are too busy to handle
events by themselves. Thus, our main target market for our business are the people who are
preoccupied with their work and who are too busy to organize an event. Our business aims to give them
convenience since we will be offering our quality service to them to ensure them a memorable event. 
 
Cost Structure:

 Wages for Service Providers (includes bonus and commission)

 Planning and Organization Costs
 Permits and Licenses Fees
 Low OPEX

One of the most important aspects of a service business is the salary and wage it pays. In our
business, Elite Events, wage and salary expenses are included in the cost structure since it is one of the
incentives given by the agency to its service providers. This line item may also include bonuses and
commissions. Moreover, in an event management agency, planning and organization costs are
inevitable. Included here are travel costs and communication fees. Before Elite Events can also legally
begin to operate its business, permits and licenses are mandatory and need to be in place. That is why it
is included in the cost structure. Lastly, the business has only low OPEX since store and rent expenses
are not required.

Revenue Streams: 

 % from provision of service

 Usage Fee
 
One of the major sources of revenue of Elite Events will be based on the percentage from the
provision of its service. Once a deal has been finalized, Elite Events is obliged to provide its services to
another party and will receive the payment afterwards. Also, the amount to be paid will be depending
on its usage. Elite Events will be charging depending on what package the customer wants - rates would
be different from a garden event that is very aesthetic to a well-arranged indoor event.