Make Your Business Legitimate And Legal
Consulting with an attorney is always a smart idea when you’re starting a business of any kind. He can provide invaluable advice when it comes to determining which business structure will work best for you, whether that’s a sole proprietorship, an LLC, or a corporation. In any case, you’ll want to register your business name with your state.
An attorney can also review the documents you plan to use in your business, such as a client contract, or can help you create them.
What Platform/tools Do You Use For Your Business
Our company started with Wix where we had our first free website once we were established we moved to godaddy.com which was very helpful since they have many tools available.
For someone like me who is not that tech-savvy or did not know what an SEO was this was very helpful and worth every dollar. We started with a general Yahoo email and then began getting emails with our company name which is specific for each department. This helped us keep everything organized and easy to find.
Select Your Branding Font
In addition to your branding colors, the next thing is your fonts. Branding fonts help to keep your branding and company information consistent and streamlined. Imagine a company where every time you saw one of their ads the colors and text were all different. Would this stick in your memory? Maybe not.
You can also use Canva to create your unique font combination.
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Focus On Your Style & Specialty
We all have our own style, and we tend to excel at what we know best. If you specialize in mid-century modern style or rustic style or traditional style, that is what you should focus on.
Thats not to say you need to only take on clients that share your style, but when you start an interior design business, you want to be targeting your ideal clients.
Ask yourself these questions:
- What is your design style?
- Do you want to focus on condos or bigger homes?
- Do you want to design homes for families with kids or just couples?
- Do you want to design both indoor and outdoor spaces?
- Do you only want to design kitchens & baths?
You get where were going with this. Find your niche, find your style, and youll attract the right kinds of people.
Conduct Market Research And Feasibility Studies
- Demographics and Psychographics
We strongly believe that this business is good for those who thrive on interactions with new people. It is also good for those who grew up playing matchmaker and get a thrill out of helping bring two lives together. This is because a wedding rental business is mostly visual, so those with a flair for design and/or a good eye for stylish clothing and skill at creating a unique atmosphere in any room will do very well in it.
Also we believe that the best client for you in this business will be those who are both flexible and realistic. Indeed, customers may have their fixed ideas of a perfect wedding that do not mesh well with their budget or location, so they tend to subsidize and do the little they can instead of letting an event manager do it. Therefore, customers who are realistic about how far their money can go and flexible enough to listen to alternative suggestions make for the best customers.
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Things To Know And Consider Prior To Booking A Wedding Decorator
Some coordinators or florists will act as wedding decorators, but not all will. If you are lucky, you will find a coordinator and/or florist that can provide decor and/or set up your decor. These professionals typically cost a little more upfront and may charge individually for decor rentals, but can ultimately save you money since you wont need to find a separate decorator. Wedding decorators will occasionally also offer floral services, but they never include day-of coordination services. It is important to know the difference between these services and understand each professional’s role in bringing your day together per their contract. Having a clear understanding of each professionals services will save you a lot of money and headache down the road!
Some wedding decorators provide decorations, others wont. Most decorators do have an inventory of decor, however, some do not. Some will show up with the sole purpose of setting up the decor that you provide. The professionals who do not provide any decor rentals typically are priced at lower rates, but the cost is made up by purchasing or renting decor from other sources.
How To Name Your Balloon Decor Business
It’s important to find a catchy name for your balloon decor business so that you can stand out in your space.
Here are some general tips to consider when naming your balloon decor business
- Avoid hard to spell names: you want something easy to remember and easy to spell for your customers
- Conduct a search to see if others in the space have the same name
- Try not to pick a name that limits growth opportunities for your business
- As soon as you have an idea of a few names that you love, register the domain name as soon as possible!
Why is naming your balloon decor business so important?
The name of your business will forever play a role in:
- Your customers first impression
- The power behind the type of customer your brand attracts
- If you’re memorable or not
It’s important to verify that the domain name is available for your balloon decor business.
You can search domain availability here:
Find a domain starting at $0.88
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Although .com names are the most common and easiest to remember, there are other options if your .com domain name is not available. Depending on your audience, it may not matter as much as you think.
It’s also important to thoroughly check if social media handles are available.
As soon as you resonate with a name , secure the domain and SM handles as soon as possible to ensure they don’t get taken.
Here’s some inspiration for naming your balloon decor business:
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How Much Your Should Charge For An Event Decoration
Pricing the services is a tedious and critical task which decides your business survival. Initially, for the purpose of making entry into the market you can adopt pricing strategies which is favorable to your customers. At later stages, pricing should aim survival and in the end when you have reached a firm position your prices will speak the quality of the service you offer. Pricing should not only fix a value for the service, but should also make promotion within it. Discounts and offers in prices will be a good promotional idea.
Open A Business Bank Account
Can you operate your business using your existing personal account? Yes. Should you? Definitely not. Having a business bank account will allow you to track your business revenue and expenses separately. This will be a lifesaver come tax time, trust me.
You can also check with a financial services platform specifically for small businesses, such as Wave.
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What Are Some Skills And Experiences That Will Help You Build A Successful Wedding Planning Business
Because of the nature of the work, a college degree in fields such as Public Relations or Communications can help you with the coordination of various different entities related to this job. Prior experience as an intern or other kind of worker that helped plan weddings can be invaluable. While there are certifications for things like wedding planning, they offer little to no practical, real-world experience.
Find Potential Partners Get Networking
The wedding industry is a word of mouth business, so building a network early on will be a huge advantage to you. Theres no shortage of conventions, expos and networking events to get into, and everyone getting married or knows of someone who might get married is a potential avenue of business for you. Go out and find them!
List of UK Wedding Exhibitions
- The National Wedding Show 4 events nationwide .
- Perfect Brides shows 7 shows around the country, the main one being the UK National Midland Wedding Show at the Ricoh Arena.
- The Un-Wedding Show These events are aimed at modern brides looking for something different to the traditional matrimonial celebrations. They look tom feature the coolest independent wedding suppliers.
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Here We Give Some Step
So, you want to be in the wedding industry? Its a strong sector of the economy, worth over £10 billion a year. The Bridebook Wedding Report estimated that the average cost of a wedding was over £30,000 and rising annually at close to 12% a year, mainly due to a focus on personalisation.
Youll no doubt hear about how hard it is, how competitive it is, how saturated the market is. Its true for almost every industry, though, and it doesnt mean you cant bring something to the wedding market through quality and effective business preparation.
The wedding business is unique youre asking someone to trust you with what they may deem to be the biggest day of their lives, but every wedding business has to start somewhere, so weve put together a plan to cover before starting a business in the wedding sector. First though, you should decide what you kind of business you want to be. Are you:
1. A whole new idea in the wedding industry?2. Buying an existing wedding business?3. Franchising an existing wedding business?4. Distributing an existing wedding-oriented product not currently in the UK market?
The point of asking these questions is to make you think about whether theres a way to become self-employed in the wedding industry without accepting all the liability and risk of starting a new company. Heres a simple step-by-step plan of how to get started.
Why You Should Start Your Own Wedding Planning Business
Starting your own wedding planning business can be both exciting and profitable. Today, the wedding industry is a lucrative business.
In the US, about 2.4 million weddings happen each year. Furthermore, the wedding planner remains the top wedding-related search term.
Regarding startup costs, starting this business is quite affordable. You can basically work from anywhere on your computer and smartphone.
If youre passionate and multi-skilled, this job could be for you. As a wedding planner, you need to be good at customer service, event coordination, management, and design.
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Starting A Wedding Decorating Business
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Starting a wedding decorating business may not be as hard as you think it is because just like any other business, aside from the capital or budget, this type of business only requires time and attention to make it prosper.
Also, hard work is necessary for you to achieve your goals.
If you love decorating weddings and flower arranging, this type of business might just be the right or best business for you. In this type of business, passion is an advantage. If you love what you do, the chances of your business in becoming successful is high. Since you already know the basic things that you should know in wedding , the rest would be just easy.
Just like with starting any type of business, one of the most important things that you should do is to actually study the profitability of your business. You should determine whether you will be able to acquire a substantial amount of your investment during a certain period of time or not. Your goal is to gain profit and not the other way around this is the reason on why you have decided to start your wedding decorating business in the first place.
Charge A Decent Price
Do you have any idea how much a professional wedding cake costs?
Phone a few of your local bakers for quotes. The average wedding cake cost $582 in 2016 not exactly cheap.
So, I undercut the competition. But I dont go too crazy, because wedding cakes arent cheap to make.
A three-tier cake might use eight recipes worth of ingredients which could easily be, say, 16 blocks of butter plus eight bricks of almond paste and fondant, three cake boards, three cake tins youll probably have to rent, wooden dowelling and a significant amount of electricity.
Add on gum paste, edible glitter, ribbon, gel colorings and so forth. Plus, tool fund money for buying handy things like cake levelers and tilting turntables. Then, factor in labor, which will be significant.
My rule of thumb is to charge 250% of the ingredient costs, including nonreusable supplies like cake boards. I may charge more for a time-consuming cake, such as one covered with gum paste roses.
I generally net a profit of about $150-$200 per wedding cake and Im still cheaper than the professionals.
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How To Create A Slogan For Your Balloon Decor Business:
Slogans are a critical piece of your marketing and advertising strategy.
The role of your slogan is to help your customer understand the benefits of your product/service – so it’s important to find a catchy and effective slogan name.
Often times, your slogan can even be more important than the name of your brand.
Here are 6 tips for creating a catchy slogan for your balloon decor business:
1. Keep it short, simple and avoid difficult words
A great rule of thumb is that your slogan should be under 10 words. This will make it easy for your customer to understand and remember.
2. Tell what you do and focus on what makes you different
There are a few different ways you can incorporate what makes your business special in your slogan:
- Explain the target customer you are catering your services towards
- What problem do you solve?
- How do you make other people, clients, or your employer look good?
- Do you make people more successful? How?
3. Be consistent
Chances are, if you’re coming up with a slogan, you may already have your business name, logo, mission, branding etc.
It’s important to create a slogan that is consistent with all of the above.
4. Ensure the longevity of your slogan
Times are changing quickly, and so are businesses.
When coming up with your slogan, you may want to consider creating something that is timeless and won’t just fade with new trends.
5. Consider your audience
6. Get feedback!
- Balloon transformation made easy
Business And Marketing Planning
Business and marketing plans are the road maps to success. Create a business plan that includes detailed information about all facets of your start-up. Include all financial information regarding loans, investors and capital, estimated overhead expenses and future profit projections. Also include an outline of your operational procedures and target demographic. Write up a summary of how you plan to market your business. This might include social network advertising, fliers, TV or radio ads and word of mouth.
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How To Run A Home
Brides-to-be and their grooms-to-be seek assistance from a variety of professionals in the wedding industry as they plan their big days. The bridal industry is booming, with WE tv Networks Wedding Report citing more than 2 million weddings per year from 2005-2009, it’s no wonder creative, aspiring entrepreneurs are attracted to the industry. Home-based wedding decorating businesses require little to no startup costs, but require a great deal of planning.
1.
Carve out an area in your home that you can use to run your home-based wedding decorating business. At minimum the area should have a computer, phone, desk, enough seating for you and your clients, several storage solutions, such as bins and a large table for assembling decorations.
2.
Research the wedding industry to find out the types of services wedding decorators provide and to identify trends. Scour your area for other wedding decorating businesses who are your direct competitors. Come up with ways to differentiate your business.
3.
Determine the types of wedding decorating services you want to provide engaged couples and associate a price with each.
4.
Come up with a business name and tag line for your home-based wedding decorating business. Ensure that customers can easily identify the type of business you run when they see or hear the name and tag line.
7.
Find reputable vendors and suppliers who offer products and accessories you need for your home-based wedding decoration business.
Opportunities In Event Decorating Business
There are two options on operating your business. One will be partnering with an event management team and the next is obviously specialising for decoration alone. Not all the parties and functions will depend on an event manager. The customer can himself make his own plans and coordination. In such cases, you can directly enter into the scene as a decoration partner. Your business is purely related to the quality of the service and there is no product to showcase to the customers. The number of orders you have taken and the review on those will be the only tools to judge your service.
Opportunities are every where such as for decoration of wedding party, corporate events, halloween party decoration, birthday parties, etc.
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As A Business Coach And Mentor Of Course I’m Going To Advocate For What I Do And That’s Because I’ve Seen The Results My Expertise Brings To Those That I Humbly Help
If you’re serious about starting a wedding planning business, pay for an expert to teach you the road to success.
I want you to be open to learning as much as you can, from a variety of trusted sources, as you navigate the tricky road of entrepreneurship. Recognize that you don’t know everything, be 100% coachable, and apply what you learn in your business.
The truth is, you’ll achieve the results you want quicker, better, and faster than you had expected.
