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How to Throw a Grand Opening Party for Your Business. A grand opening party is a great
way to get the word out about your new business. You will need A budget A timeline Staff Food
Drinks Creativity and a guest list. Step 1. Make a budget for the party, and spend wisely.
A grand opening party is important, but you don't want it to precede a "going bankrupt"
party. Step 2. Plan the party a year ahead, and organize a timeline that includes when
to start sending invitations. Schedule a staff for the party as far in advance as possible.
Begin operation of the business before the grand opening to get the employees in the
swing of working at the business. Step 3. Provide food and drinks. Look into getting
other businesses to co-sponsor the party and provide food or entertainment. Step 4. Get
creative with the space and the party -- offer games, contests, and a celebrity appearance.
Give people a reason to attend, but make sure the party is compatible with your business.
Step 5. Invite your target audience, which includes the suppliers your business will
use, potential customers, and the media. Did you know According to the U.S. Department
of Commerce, 627,200 new businesses opened in 2008.