How I made my first £Im: ‘I started with £200 – now I plan parties for Prince William’

This is a new Telegraph Money series looking at how ordinary people made their fortune and how others can follow in their footsteps. It will be published on Mondays at 6am. You can read last week’s article here.

She is a party planner to royalty and the stars – organising birthdays, weddings and charity functions for the likes of Prince William, Gary Barlow and Robbie Williams.

But for Liz Taylor, 63, this is a world away from her first steps into business. In 1984, aged 28, she gave up her day job in fashion retail to take the gamble of a lifetime, attempting to turn her party planning hobby into a career.

With just £200 in the bank, Ms Taylor started organising events for friends and local…