Are you a creative person and you are interested in starting your own wedding planning business? Do you need a sample wedding planning business plan template? Then this article was specially written for you. If you are passionate about the romance and beauty that come with weddings, then chances are that you will jump at the idea of becoming a wedding planner.
Strategic Analysis with current research! The Wedding Planner, Inc. The Company was founded in by John Doe. Doe will personally manage every event that is hosted by the Company. For each event, the Company will receive ten to twenty five percent of the aggregate budget for the event.
This is a sliding scale, and as the event becomes more costly, the percentage fees received by the Wedding Planner will decrease. The business will also receive per hour fees for services related to design and wedding day consulting.
The third section of the business plan will further describe the services offered by the Wedding Planner. The interest rate and loan agreement are to be further discussed during negotiation. Doe has more than 10 years of experience in the event management industry.
Through his expertise, he will be able to bring the operations of the business to profitability within its first year of operations. Doe expects a strong rate of growth at the start of operations.
Below are the expected financials over the next three years. Doe intends to implement marketing campaigns that will effectively target individuals within the target market. The Company is registered as a corporation in the State of New York.
Below is a breakdown of how these funds will be used: Doe is not seeking an investment from a third party at this time. Doe may seek to sell the business to a third party for a significant earnings multiple. Most likely, the Company will hire a qualified business broker to sell the business on behalf of the Wedding Planner.
Based on historical numbers, the business could fetch a sales premium of up to 4 times earnings. Each aspect of the wedding will be managed by Mr. Doe and his staff. Currently, the economic market condition in the United States is in recession.
This slowdown in the economy has also greatly impacted real estate sales, which has halted to historical lows. Many economists expect that this recession will continue until mid, at which point the economy will begin a prolonged recovery period. This may present certain difficulties with revenue generation as people will spend less on their wedding day events.
The growth of this industry has remained in lockstep with the growth of the economy in general. This industry has exploded as the economic tastes of Americans have changed significantly over the last five years as the overall wealth of the country has grown.
This trend is expected to continue as the economy remains strong. In this section, you can also put demographic information about your target market including population size, income demographics, level of education, etc.Wedding planning will be a breeze.” However, the truth of the matter is that the wedding planner or coordinator is NOT an expense you should remove from your budget.
However, the truth of the matter is that the wedding planner or coordinator is NOT an expense you should remove from your budget.
Get fast, free shipping with Amazon PrimeExplore Amazon Devices · Fast Shipping · Shop Our Huge Selection · Shop Best Sellers2,,+ followers on Twitter. 6+ Wedding Planner Printable Samples A wedding is a once in a lifetime event and, surely, every couple wants to make their wedding as memorable as can be.
For this occasion, some couples would hire a wedding planner to plan everything for them. Starting a Wedding Planning Company – Sample Business Plan Template.
1. Learn everything you can about weddings. There are a lot of things and opportunities involved in planning a wedding. You can even teach yourself about wedding planning by visiting wedding ceremonies, reading wedding books and magazines and browsing on internet.
Check out these sample business plans for event planning, wedding consultants, special event planners, and other event management businesses. Then use what . TLC Wedding Consultants will offer an all-inclusive, one-stop wedding planning service.
Wedding Consultant Business Plan Sample - Executive Summary | Bplans TLC Wedding Consultants wedding consultant business plan executive summary.