Starting a new business is exciting, but business strategic planning is essential to its success. Many people fail to take planning into consideration and may not have the capital to sustain the business. This is a common mistake and the reason why many businesses fail. People get so excited about the idea of the business that they forget to build the foundation for the business first.
Wedding planning consulting and advisory services Our Vision Statement Our vision is to build a professional wedding planner company brand that will become one of the preferred choices for about to wed couples in the whole of Panama City — Florida and every other city where our services will be advertised.
Our vision reflects our values: Our Mission Statement Our mission is to provide professional and trusted wedding planners services that assist our clients in achieving their personal goals as it relates to their wedding event.
We are going to position the business to become one of the leading brands in the wedding planner line of business in the whole of Panama City — Florida, and also to be amongst the top 20 professional wedding planner companies in the United States of America within the first 10 years of launching the business.
Our Business Structure Normally we would have settled for two or three full — time staff members, but as part of our plan to build a standard professional wedding planner company in Panama City — Florida, we have perfected plans to get it right from the beginning which is why planning business plan are going the extra mile to ensure that we have competent, honest and hardworking employees to occupy all the available positions in our organization.
The picture of the kind of professional wedding planner company we intend building and the business goals we want to achieve is what informed the amount we are ready to pay for the best hands available in and around Panama City — Florida.
We will ensure that we only hire people that are qualified, honest, hardworking, customer centric and are ready to work to help us build a prosperous business that will benefit all the stake holders the owners, workforce, and customers.
As a matter of fact, profit-sharing arrangement will be made available to all our senior management staff and it will be based on their performance for a period of five years planning business plan more depending how fast we meet our set target.
Ensures compliance with insurance, legal, health and safety obligations Specify staff requirements and coordinate their activities Cooperate with marketing and PR to promote and publicize wedding event as requested by our client Proactively handle any arising issues and troubleshoot any emerging problems on the wedding event day Conducts pre- and post — wedding event evaluations and report on outcomes Research market, identify wedding event opportunities and generate interes Admin and HR Manager Responsible for overseeing the smooth running of HR and administrative tasks for the organization Designs job descriptions with KPI to drive performance management for clients Regularly hold meetings with key stakeholders to review the effectiveness of HR Policies, Procedures and Processes Maintains office supplies by checking stocks; placing and expediting orders; evaluating new products.
Ensures operation of equipment by completing preventive maintenance requirements; calling for repairs. Defines job positions for recruitment and managing interviewing process Carries out staff induction for new team members Responsible for training, evaluation and assessment of employees Responsible for arranging travel, meetings and appointments Updates job knowledge by participating in educational opportunities; reading professional publications; maintaining personal networks; participating in professional organizations.
Oversees the smooth running of the daily office activities. Provides managements with financial analyses, development budgets, and accounting reports; analyzes financial feasibility for the most complex proposed projects; conducts market research to forecast trends and business conditions.
Responsible for financial forecasting and risks analysis.
Performs cash management, general ledger accounting, and financial reporting for one or more properties. Responsible for developing and managing financial systems and policies Responsible for administering payrolls Ensures compliance with taxation legislation Handles all financial transactions for the company Serves as internal auditor for the organization Client Service Executive Welcomes guests and clients by greeting them in person or on the telephone; answering or directing inquiries.
Following due process involves hiring business consultant to help us conduct SWOT analysis for our business. As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats.
Our core strength lies in the power of our team; our workforce. We have a team that are considered experts in the industry, a team with excellent qualifications and experience in the Wedding Planners industry.
As a new professional wedding planner company in Panama City — Florida, it might take some time for our organization to break into the market and gain acceptance especially from top profile clients in the already saturated Wedding Planners industry; that is perhaps our major weakness. So also, we may not have the required money to give the business the kind of publicity that we would love to give the business.
The opportunities available in the Wedding Planners industry is massive considering the number of wedding and other events that takes places on a daily basis in the United States. As a standard and licensed professional wedding planner company, we are ready to take advantage of any opportunity that comes our way.
Some of the threats that we are likely going to face as a professional wedding planner company operating in the United States of America are unfavorable government policies, the arrival of a competitor within our location of operations and global economic downturn which usually affects purchasing power.
There is hardly anything we can do as regards these threats other than to be optimistic that things will continue to work for our good. Close observation of the trend in the industry reveals that the past few years have seen the rise and proliferation of social media and new tech tools.
The trend also extends to increased attention paid to engagement and new market segments, adopting eco-friendly measures and sustainability when planning wedding events, and of course increases in demands from wedding event sponsors.
Although operators in the Wedding Planners industry are increasingly investing in computers and software to engage members and market their organizations online, the industry remains highly labor intensive. The research further states that wedding planner companies rely much more heavily on labor than technology to conduct their operations.When it comes to starting a business and growing it, it is a known fact that having a business plan can be an added advantage to you; regardless of the business you are starting.
After doing your feasibility, it is advisable you write an event planning business plan. An event planning business plan is a document that outlines the major aspects of your business. It articulates what the business is, its objective, how it operates, the structure and other important elements.
Paper on writing business plan with free sample business planning template & software for business plans, cash flow forecasting, financial projections & business strategy.
Effective business planning can be the key to your success. A business plan can help you secure finance, prioritise your efforts and evaluate opportunities. It may initially seem like a lot of work; however a well prepared business plan can save you time and money in the long run.
Creating an event planning business plan is important to your business success, and it’s a fun process to go through because it helps you outline what your event business actually looks like — and avoid some mistakes before they happen.. There will be times when you want to quit, but creating and building a business is fun and satisfying.
A Sample Wedding Planning Business Plan Template Are you about starting a wedding planning company? If YES, here is a complete sample wedding planning business plan template & feasibility report you can use for FREE.