If you’re wondering how to start a wedding planning business, know that there are many moving parts, from picking out a bridal dress and venue to choosing invitations, to hiring a band or DJ, to selecting a menu. And the list goes on. Even small weddings—in vogue right now—aren’t as simple to plan as you might think.
There are a ton of different ways you can learn how to start a wedding planning business, but we’ll give you a few steps to help you get your business started.
Choose the type of wedding business you want to start and a name
Before you can do much else, you need to decide what kind of services you want your wedding planning business to offer.
Choose a business entity
The next step in starting a wedding planning business is deciding how you’ll structure your business for legal and tax purposes. You’ll likely want to choose a business entity that protects you personally from any legal ramifications your wedding planning business might face.
Write a detailed business plan
If you’re starting a wedding planning business, hopefully, you’re already a good planner and this step should come naturally to you. You’ll need to write a business plan before you can get your business up and running. You can use a business plan template or business plan software to make the process easier.
Get a business bank account and business credit card
This next step of starting a wedding planning business is crucial, as you’ll want to keep your business finances separate from your personal finances.
Get any funding you need
The startup costs associated with opening a wedding planning business don’t have to be too high, especially if you’re working out of your home or another business’s space. However, you will still have some upfront expenses you may not have the savings to cover. In that case, this is the time when you might need to work on getting a business loan or other funding option.
Market your services and start doing business
Once your wedding planning business is up and running and have the services you’re offering laid out, you can start marketing them and hopefully bringing on new business. Consider marketing at trade shows and with any bridal boutiques in your area, or forge relationships with wedding venues to find clients.
By Robyn Paret
Culled From: https://www.nerdwallet.com/article/small-business/how-to-start-a-wedding-planning-business
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