Is event planning a good idea for a business?

Yes event planning is a good idea for a business.

Being an event planner is not about bossing people around and getting stressed out. Being an event planner is about organizing yourself and others, building strong relationships with vendors, and thinking about how your guests will experience their time at the event. In that order.Perfectionists will love this job. If I'm working on a budget and my numbers are a few cents off, I will review every expense until I find the error--and the same is true for most of my colleagues. We cannot not do that. Our brains won't let us. And we don't even mind. My favorite stress-relieving task a few hours before an event is to put down tablecloths myself, in an empty event space, before the vendors arrive. I love smoothing out the wrinkles, tucking the ends under the table, and aligning all of the creases through the center to go in the same direction. More than likely, you're managing multiple events at once, with multiple clients, vendors, and guests, and everyone's expectations of you are different. Your client is your number one. The minimum you can do in being organized is what the most organized person among your clients wants of you. If you're truly organized, there's little opportunity to feel stressed.Perfectionists with big hearts will love this job even more. Your vendors are getting paid, but not much of that money is going to the work-study waiter, or the linens delivery truck driver, or the rentals company crew member who puts up and takes down 100-foot tents every day. If you employ volunteers, they're maybe getting fed and that's it. When you're consistently kind to those who provide services for you, it comes back to you tenfold. I live in Los Angeles, with more florists than I can even imagine, but I would never, ever take for granted that I like my florist, and I can rely on her, and she does beautiful work. If it just wouldn't occur to you to yell at someone who's falling behind in their work, this might be a good job for you. You have to be supportive of your vendors and all of the staff members and volunteers that make your event great for your guests. I have moved on from vendors before, but it's only because they let me know my events weren't a priority to them. (I do live in Los Angeles, with more event managers than I can even imagine.)And perfectionists with big hearts who loathe the spotlight will love this job and thrive in it. Event planning is not at all about enjoying an event for yourself, or even getting credit for it, even though you're running the show. You're usually observing the party, taking breaks only to check in on registration, catering, AV, photography, and any other event staff you've brought in. I used to be in the role of planning events and then working them as a development officer, and I found it stressful. I love being behind the scenes in my current position. I actually don't even make many creative decisions. You're not thinking about what you like--you're thinking about what your client likes. It's very rare that I've selected hors d'oeuvres and tablecloths and china patterns. It's not my money to spend. (This actually helps make the job less stressful, too--less accountability for creative decisions.) Details like this aren't even that memorable to guests. Ask yourself, what did the linens look like at the last three major events or weddings you attended? Most of what I do in the way of event design is working on event layouts--facilitating crowd movement. If that seems boring, this is definitely not the job for you.ConsWell, long hours, obviously. But my workdays in film festivals and university events are  more reasonable than when I worked in television; much more reasonable than when I worked in food and beverage; and much, much, much, much, much more reasonable than when I briefly worked in advertising. You'll typically start out as a development intern or assistant to get familiar with all aspects of fundraising, and then you can start to move into events. They're a little glamorous. It's important to spend some time learning why you're doing what you're doing first.You're not going to make a million dollars doing this for most nonprofits, either. Some event designers can make lucrative careers for themselves by starting their own companies and offering really high-end services to corporate and celebrity clients, but that is a whole other world. That said, you're not going to do poorly, either. You're looking at a comfortable living, benefits, and, best of all, job security. All pros.It would be nice to pick hors d'oeuvres and linens and china patterns sometimes, too. Opportunities to be truly creative are relatively few and far between, at least for me, but sometimes I get to arrange flowers or design programs, and I try to really linger on those projects to savor them.But I think the biggest con is that some things just aren't going to go how you planned them. That's life. And you have to move past that mistake as quickly as possible, assure everyone around you you'll learn from it, and go home and pour yourself a ten-ounce glass of Chardonnay from one of the six leftover opened bottles of wine you're 

It really depends on what you want to achieve. Do you want exposure to your brand / service or networking among existing stakeholders etc. 

The main thing is you must weigh the cost and benefit while also having a clear insight on what the goals you want to achieve post event.

Maybe.. I don't know 

I think that depends on good planning

Absolutely.  Its a great idea.. People nowadays spend more on show offs and such things rather then other things on such occasions...

If you are doing events for a company then you really need event "planning" :)