Infinite Experiences | Application Preview
Infinite Experiences is seeking government funding to enhance their event planning business. The grant will enable the purchase of essential supplies such as pipe and drapes, balloons, stands, chairs, and tables. Moreover, they aim to acquire a weekend event rental space that can be transformed into an activity center for youth during weekdays.
Their business plan emphasizes the establishment of a headquarters that will serve as both a venue and storage for rental equipment, while also functioning as a youth activity center. With backgrounds in secondary education, the founders are experienced planners focused on creating engaging environments for their clients. They currently hold full-time jobs to support their venture and are committed to transitioning to full-time dedication with the additional funding.
Infinite Experiences competes with three known rivals: a mentor with 20 years of experience who often refers clients, a sorority sister specializing in weddings, and a competitor who has learned from them but offers limited services. The founders believe their close partnership, rooted in sisterhood and shared passion for party planning, provides a unique competitive advantage. They also plan to expand into interior decor, leveraging their connections with a home renovation business.
Despite the challenges faced by women of color in business, the team has thrived, even during the pandemic, and is poised for further growth with the right resources. Their goal is to not just offer party decor but to be leaders in the event planning industry.
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General Information
Business Registration Number: 851996335
Location: Norfolk, VA, United States
Length of Operation: 2
Number of Employees:
Annual Gross Income:
Annual Gross Expense:
Open to Loans: YES
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Funding Usage
This would allow us to purchase our much needed supplies and materials such as pipe and drapes, balloons, stands, chairs and tables. We would also like to put money into acquiring a space where we can use as an event rental space on weekends and an activity center during the week for the youth.
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Business Plan
Infinite Experiences is known for our ability to enhance occasions of any kind. As stated previously, we plan to acquire a headquarters. This center will serve as a venue, storage space for rentals, and activity center for youth. I have a background in secondary education. I am currently a master planner, as I do it daily preparing engaging lessons for my students and colleagues. My business partners and I all have full time jobs, which we use to support the company. We would continue to support our dream and funding would all us to attend to the business full time.
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Self Identified Competition
Our top three competitors happens to all be people that we know personally. Competitor 1 is a mentor of ours and has been in the industry for 20 years. She advises us on things that we have difficulties with, but always sends clients our way when she cannot service them. Competitor 2 is a college sorority sister, who started a year prior to us, but she specializes in weddings. She works within our referral network as well. Competitor 3 is someone who has learned from us and seems to do well in her location, but analytics prove that we would be able to exceed the services she offers with the right amount of inventory. We are more than business partners, we are sisters. We started this business due to our hobby of party planning and have not looked back since. We would like investors to know that we are more than party decor and will be diving right in to interior decor, fulled by our spouses home renovation company. We will be trailblazers despite the economic obstacles that women of color have historically. We have been very successful during the pandemic and it’s only going to get better.
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Contact Applicant
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