(Closed) Asked to join a wedding planning business… would you do it?

posted 6 years ago in Career
Post # 3
Member
1855 posts
Buzzing bee
  • Wedding: September 2012

@UK Bride:  I think it’s a great concept, but as someone who does really budget friendly wedding stuff on the side for fun, it’s hard to make money.  Whether a wedding is a lavish affair or a budget one, it still takes a similar amount of time to put together.  You’re looking at getting less money back for the same amount of time and then dividing that between two people.  I think it’s doable if you’ve got a solid book of business, or if you don’t need this to put food on the table, but I would do a business plan and run the numbers to figure out what you will reasonably expect to make in Year 1, 2, 3, etc.  Remember to factor in needs for storage, office space, fixed costs like electricity/phones/internet, etc.  See if your friend can run the numbers on past events: have her total the hours spent and the profit made.  This will give you a good idea of what you’re looking at  for an hourly wage. 

Post # 5
Member
1855 posts
Buzzing bee
  • Wedding: September 2012

@UK Bride:  Absolutely!  In that case, full speed ahead!  I’m in a similar situation; I just take on projects when I want to and don’t worry about filling the bank.  Keeps me happy and fulfilled and keeps the brides under budget.  Feel free to PM me with any other questions!

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