WEDDING PLANNER BUSINESS PLAN GUIDE
This article is important to those about starting a wedding planning business. Wedding planning business is a business that deals with helping prospective couples to organize their wedding ceremonies to make it an interesting and less stressful one.
It involves some series of organizations on both the side of the couples and the organizers. It begins with booking an appointment with the prospective couples at our offices and signing of some important documents.
Here is a sample business plan for starting a wedding consultant business.
BUSINESS NAME: LarGarry wedding planner company
- Executive Summary
- Our product and Services
- Vision statement
- Mission Statement
- Business Statement
- Market Analysis
- Sales and Marketing Strategy
- Financial Plan
- Competitive Advantage
LarGarry wedding planner is a wedding planning company which has fulfilled all the legal requirements for starting a business in Florida, United State of America. The business will do all in his ability to fulfill all its obligations and provide good service for prospective customers.
Nelson Larry and Newman Garret will both be the owner and manager of the company which will be located in Florida, United State. They have been able to secure a total of $300,000 from their savings and sales of some of their assets to contribute to the start-up capital which amounts to $500,000.
A bank loan will be used to complete the remaining fund which is $200,000 and plan has been in place to complete the fund as soon as possible.
Our Product and Services
LarGarry wedding planner has gone into the wedding planning business to provide prospective couples with the best planning for both before during and even after their wedding ceremony all over the world, and not limited to United State alone. We are poised to provide required equipment that is very good which includes;
The headquarter will be in Florida, United State. Our services include setting up of tents, reception ground, cake production, and other needed supplies as specified on our contract.
Our vision in the planning industry is to attain the height of the best wedding planner in the world that is offering the best service.
Our mission is to be able to build a standard wedding planning firm, which will organize some of the best wedding events ever. Our secret would be working hand in hand with the organizers, and considering their situation to make our service suit them well.
Due to the intense and strong competition in the market and the importance of a wedding program, LarGarry will only be employing individuals with high experience, talented ones, very hardworking ones, and those with a mature reputation.
Organizing and planning a wedding requires great skill, commitment, and preparations to be able to prepare a perfect occasion for the couples. There are thousand or probably hundreds of wedding events happening each week and either directly or indirectly wedding planners are involved in the events.
Our target market is people getting married. Since marriage is a thing of joy, prospective couples may not be able to make do with the preparations alone. This is why you are needed.
Sales and Marketing Strategy
We would make sure the services our customers received are top-notched and as such tell others about all. We will also make use of all available media to advertise our company amongst which we will use;
- Extensively use the Radio
- Television services will also be used.
- Billboard would be placed at different open locations.
- Internet (online advertisement)
- Social media using the like of Facebook, Instagram advertisements
Source of Startup Capital
A minimum startup capital which amounts to $500,000 will be needed for the purchase of the required equipment for the required business registration. As at present we have been able to raise a total sum of $300,000 from our savings and we are expecting to raise the remaining $200,000 from a bank loan.
LarGarry wedding planner is new to the industry, this is not a limitation to us as we have and still making the required advanced preparation. With a team filled with a first-class experience and the willingness to work, we are sure to succeed in the business.
Above is a simple and standard wedding planning business plan sample with the name LarGarry wedding planner.
This business will be co-owned by Nelson Larry and Newman Garret both of whom have been friends and have been involved in so many successful business dealings.
As stated earlier both Nelson Larry and Newman Garret will produce the startup fund and secure the remaining fund from their banks.
How to Become a Wedding Planner Step by Step
Wedding planning is a career path that has attracted a lot of attention lately. This is understandable due to its huge potential for financial rewards as well as the fulfillment it provides. However, before finding fulfillment and reaping financial rewards in this line of work, you must be driven by real passion and interest.
If this is lacking, then you will barely make an impact. This article seeks to provide basic details of things required as well as steps to take to become a wedding planner.
As a wedding planner, you are involved in a delicate line of work where you are required to relieve couples the stress of having to plan every detail of their wedding. Your job is to ensure that they experience a perfect day, knowing that this will be one of the most significant and memorable days in their lives.
Getting it right will mean a world of difference to your clients, their guests, and even to you. This is where deep satisfaction comes from.
Features of a Good Wedding Planner
To be a good wedding planner, there are certain character traits you cannot do without. These include having the capacity to persevere, being diligent, must be a person that pays attention to details, as well as loving to solve problems or tackle challenges.
Others include having the ability to network, being good at budgeting, being a good organizer and planner as well as having effective time management skills. In addition to these, your sense of style and color will be of significant help.
This is one important requirement you cannot do without. Being the most significant day of their lives, your clients can become very emotional during the planning process.
As a wedding planner, you are expected to play several roles, part of which includes being a psychologist, mediator, and confident. You will be heavily relied upon to calm frayed nerves as well as give assurances that everything will go on fine. This requires that you are not emotionally unstable.
Your ability to maintain a calm and reassuring demeanor is an asset that you will need if you will go far.
How Does Wedding Planning Fit into Your Lifestyle?
Your work schedule as a wedding planner is usually different from the standard work schedule. This is because your weekends will likely be spent at work as most weddings fall on Saturdays (a few on Sundays). This means that you cannot spend quality time with friends and family as you should during these periods.
In addition to these, your clients will likely be at work from 9 to 5, leaving evenings as the only window of opportunity during the workweek you can meet to prepare for their special day. With this type of unusual work schedule, you will have to make out time to rest by taking a day or two off. Before going into this career path, you need to ask yourself if you can cope with these demands as well as knowing if it fits your lifestyle.
On a typical wedding day, you will be on your feet for extended periods. This can be from 10 to 15 hours. This is where perseverance comes to play. During these times you will be involved with a lot of activity that ranges from receiving deliveries, supervising the arrangement and installation of equipment, and several others. This can be both physically and mentally draining. During such periods, you would have to be at your optimal best and constantly on the lookout to ensure everything is carried out according to plan.
Requirements for Being a Wedding Planner
There are no specific requirements for being a wedding planner. Also, there are no licensing or certification requirements.
However, in setting up a wedding planning business, you will have to follow all the steps for setting up a business which includes business registration and obtaining relevant licensing. The easiest way to become a wedding planner is to utilize related experiences or leverage on skills you have to enter into this career path. The skills that will be most beneficial for this line of business are organizational and problem-solving.
What is Your Driving Force?
Knowing what drives your interests can make a whole world of difference. People are either driven by the right reasons or the wrong ones.
For some, they see wedding planning as an avenue to make a lot of money. This group of people will hardly make headway. Becoming a wedding planner requires a passion for the job. This is a necessary quality that will keep you afloat during trying times. Passion enables you to give in your best even when there are no incentives.
By building a good reputation in the business, the rewards are enormous as you will hardly lack patronage.
Getting the Experience
Getting the required experiences is very important in your quest to become a wedding planner. By working with a wedding planner, you are exposed to the realities of the job. This enables you to handle any challenges that may arise when you start your own business. This is better than going into the business without prior experience.
The field of wedding planning is one with several opportunities as well as challenges. We have seen that the demands of the job on you can be physically and emotionally draining. This is in addition to working at odd times and having odd work schedules.
Although it presents a unique opportunity for building a thriving career, you need to ask yourself how prepared you are for this.