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Sample Business Plans for Wedding Consultants


Quotable

"If one is lucky, a solitary fantasy can totally transform one million realities."
Maya Angelou, poet
  

 
SAMPLE BUSINESS PLANS FOR WEDDING CONSULTANTS

Sample business plans for wedding consultants recognize that this is a very personalized business.  

KEY CONSIDERATION

The younger you are, the harder it will be to get funding to start a wedding planning business.  Young people have, for the most part, not yet acquired the extensive contacts needed to make this business successful.

STRONGEST ADVANTAGE

No matter what the economy, there will be weddings.  The weddings may not be as big and as lavish as they are in good years, but there will always be weddings.

STRONGEST DISADVANTAGE

Because this is such a personal service type of business, it is difficult to build the business to be "big", as in the sense of hiring a lot of employees and expanding to other areas.  It will likely remain a small, service oriented business for as long as you own it.

OVERCOMING THE DISADVANTAGE WITH SAMPLE BUSINESS PLANS FOR WEDDING CONSULTANTS

Prove that you have the experience to make the business successful.

The list of people needed to make a wedding happen seems endless.  The bigger the wedding, the more people get involved.  There are, of course, caterers, bridal gown designers, floral designers, cake makers, decorators, party specialists, wedding invitation creators, personal shoppers for bridal registries, musicians, religious leaders.  The list truly goes on and on.

If you are serious about getting funding to get your business going, go in with lists and lists of people that you personally know and will recommend your services.  Knock the finance people on the head with the fact that you are experienced, and you know what you are doing.  This will really be the key to your business plan presentation.

Prove that you have the marketing background and skill to make the business successful.

There are two essential elements to hiring your services:

  • Weddings, and
  • Money to pay for fancy weddings.

Devote a minimum of 5-8 pages of your sample business plans for wedding consultants to setting out your marketing plan.  

Identify your core service area by age, sex and financial status.  

Have some initial ads or promotions developed to demonstrate your skill in this area.  Although a great deal of your business will be through personal recommendation, having an active promotional campaign yourself is always a good idea.

If you have any endorsements, flaunt it. Show photos of weddings you have coordinated.  Bring thank you letters from the families.

OTHER PLUSSES FROM SAMPLE BUSINESS PLANS FOR WEDDING CONSULTANTS

Demonstrate your creativity in the presentation itself.  Plain black and white pages just won't do.  This is a field where you can really capture the imagination of your lender, so do it.

Goodness, if you can't create a good looking business plan, how will ever be able to create a good looking floral arch?

FOR ADDITIONAL INFORMATION FOR SAMPLE BUSINESS PLANS FOR WEDDING CONSULTANTS AND YOUR MARKETING PLAN FOR WEDDING CONSULTANTS

For marketing information on the wedding consultant industry itself, go to BizMiner.  

At the home page, look for the "Industry Search" box.  Enter "wedding" and click on "Search".

You will find both a Financial Analysis and Marketing Research report for Wedding Consultant.  This is the information that your lender will have, so it is important for you to know what is there.  If your financial estimates fall outside the established parameters, it will be more difficult to obtain funding.

For demographic information on your area, look to the left hand column.  Click on "View All Reports", then on "Demographics" The section on "Area Demographics" will have a complete breakdown on most areas, with age, financial status, and a wealth of other information for you.

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Click on the book cover for more information.

There's a lot to consider for your business plan for a wedding consultant, such as financial summaries, marketing information, style of your business plan, and lots more. 

That's why you need your 7-Step Business Plan for a Wedding Planner.  It's all right here.  Templates are in MS Word and Excel, two programs you already know.

 

YOUR LIKELY LENDER/INVESTOR

The SBA is a strong lender in the service field.  Be prepared, however, to demonstrate what you are personally putting into the business, and exactly how the loan will be used.

YOUR ONLINE PRESENCE

The online market is growing by leaps and bounds -- you should be part of that revolution.  Market your services very effectively on the web, for very little money.  See the best web host for more information on an excellent web host.

THE LAST WORD ON YOUR SAMPLE BUSINESS PLANS FOR WEDDING CONSULTANTS

You have chosen a field that will make you happy, and make hundreds of others happy too.  Bring all your creative and personal skills to this task for a strong, dynamic business.

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C.J. Ralph,
Service Business Specialist

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