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How to Start a Wedding Planning Business: A Step-By-Step Guide

wedding consultant business plan

Many, or all, of the products featured on this page are from our advertising partners who compensate us when you take certain actions on our website or click to take an action on their website. However, this does not influence our evaluations. Our opinions are our own. Here is a list of our partners and here's how we make money .

If you love love and have stellar organizational skills, you may have considered starting a business in the wedding industry. When it comes to how to start a wedding planning business, it pays to keep calm and carry on. In fact, these very qualities have helped generate a growing income stream for Eileen Kaden Dean, owner of a successful wedding planning business in the New York City and New Jersey area.

“To be successful in this business, you have to stay calm and realize that a wedding emergency isn't your emergency. You can’t make the stress about you because it’s not your day,” says Kaden Dean, owner of An Affair to Remember and a go-to wedding planner.

Kaden Dean, who opened her company more than a decade ago, is among the many small business owners who make up the nearly $60 billion wedding services industry in the U.S. The lucrative industry covers an array of wedding service providers, including wedding venues, apparel retailers, florists, photographers, and wedding planners, according to market research firm IBISWorld.

The average wedding in the U.S. cost over $44,000 in 2018, according to Brides.com. Wedding costs vary greatly depending on where you live and your budget, but Manhattan is the most expensive place to get married, with the average couple spending a whopping $96,910 according to The Knot.

Although websites like The Knot and WeddingWire make it easier for couples to plan their big day themselves, many still turn to professionals like Kaden Dean. An Affair to Remember helps plan the wedding, deals with vendors, and coordinates the chain of events at the wedding and reception to make sure the day goes off without a hitch. In a nutshell, wedding planners are in the business of creating happiness and keeping everything organized, so the couple doesn’t have to worry about all the little (and big) things, says Kaden Dean.

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’s a need for wedding planners as couples are busy doing other things, like looking to buy a house and working long hours in their careers. Having someone to manage things is attractive, and this way couples can enjoy themselves and be present on their wedding day,” says Kaden Dean.

wedding consultant business plan

How to start a wedding planning business in 7 steps

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.

Step 1: 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. Wedding planners can offer all types of different services, and you should pick which ones you'll offer before you get to the nitty-gritty of planning your business and setting it up. You should also choose a business name during this step, and check with your state's Secretary of State resources to make sure that the name you want is available. You can usually do this using an online database on their website.

Kaden Dean started her wedding planning business out of a bridal dress store in New Jersey and expanded it from there. Her business offers everything from the full package to smaller day-of planning.

Although her clientele is in the greater New York area, Kaden Dean recognizes that not all couples can afford to spend upward of $50,000 on their weddings, which is part of the reason she offers several packages. Deciding what types of services and packages your own wedding planning business will offer will be important as you plan the business, market your services, and meet with potential clients.

For context, An Affair to Remember offers three pricing packages:

1. Full planning

For this most expensive option, Kaden Dean will plan the entire event from soup to nuts. This includes helping couples find the perfect venue, lining up all the vendors, helping choose invitations and centerpieces, and just about everything else. “Sometimes I even help pick the colors of the ties.”

The cost: about $5,000 and up.

2. Day of the wedding

This least expensive option is ideal for couples who want to do the planning themselves, but need some organizational help on the day of the wedding. For a typical wedding where Kaden Dean is hired for the day only, she creates a minute-to-minute timeline of when events will happen, like the hour the flowers will be delivered to the site and the exact time when the bridesmaids will arrive. On the big day, Kaden Dean is there to ensure that all goes according to plan.

She also handles any snafus. “One time a couple in the wedding party left a diaper bag in a taxi with their passports in it.” She went to work and tracked down the diaper bag, so that the couple could participate in the wedding stress-free. An hour later, the bag arrived at the venue.

The cost: about $1,750 to $2,250. The exact pricing depends on the amount of time Kaden Dean puts in, the number of assistants hired, and so on.

3. Day of “plus”

This is An Affair to Remember’s most popular offering. Couples hiring Kaden Dean for this package will plan their own weddings but rely on her to handle events on the wedding day, as well as any last-minute planning issues. “I take everything they have, shake it out, and see what pockets are missing to make sure everything is cohesive.” This package usually entails five hours of consultation time, 12 hours on the day of the wedding, one hour for the rehearsal, and 15 hours of virtual legwork to put all the ducks in a row.

The cost: about $2,500 to $3,000.

How much do you need?

with Fundera by NerdWallet

We’ll start with a brief questionnaire to better understand the unique needs of your business.

Once we uncover your personalized matches, our team will consult you on the process moving forward.

Step 2: 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. A great option for this would be to choose a limited liability company (LLC) as your business entity. An LLC is a registered business in which owners are not personally liable for the business's debts or obligations. You might also choose a limited liability partnership if you want to have a business partner but the protections an LLC can offer you. Once you choose a business entity you can move on to step 3 which is writing your business plan.

You'll also want to register the business with the state once you have the entity and name decided on. Now would be a great time to consult a business attorney familiar with your type of business who can help you make sure everything is up to par and that you aren't missing any steps. This person can also help you choose which business entity is best for your wedding planning business.

Step 3: 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, but there are some specific things you should be sure to include in it, no matter how you write it.

You should include a summary of your business in the plan as well as a market analysis, a detailed list of the products and services you'll offer, your marketing and sales plan, your financial plan and projections, and more. Think of your business plan for a roadmap that will lead you through the early stages of building your business and making it profitable.

Your business plan should also include some of the vendors and any other businesses you plan on working with. During the first year of starting her business, Kaden Dean focused on developing such relationships. “It was a challenging first year, but I spent the time introducing myself to the local wedding vendors so I could find people to recommend and work with. I set the groundwork for my business and established myself.”

An Affair to Remember’s start-up costs the first year maxed out at $10,000, including the rent and furniture for the small space in the bridal shop, along with signage, business cards and brochures, a website, and advertising on WeddingWire. Kaden Dean also had to pay to attend bridal shows, hire an assistant to help her track advertising inquiries, and cover her childcare costs. The costs Kaden Dean had are the kind you should plan to face and include in the financial section of your business plan.

Step 4: Get an EIN

If you plan to hire employees to help run your wedding planning business, you'll need to obtain an EIN, also known as an employer identification number. However, even if your business is a one-person show at the moment, you'll likely want to get an employer identification number for your business to make things easier on yourself down the line. The good news is that it's fairly easy to apply for an employer identification number and you can apply online through the IRS' website and get one in a matter of minutes.

An EIN comes with a number of benefits and can be extremely helpful for your business. It can help you when it comes time to file your business taxes, get a business credit card, open a business bank account, or any other number of business necessities.

Step 5: Get a business bank account and business credit card

Now that you have an EIN, you'll use this number when applying to open a business checking 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. When you're still working on setting up your wedding planning business maybe you'll be working out of your house as a home-based business or maybe you'll have a small storefront. Either way, you'll probably want to spend on some decor, or at least on some marketing products, and you'll likely want a credit card to use for that.

Keeping the business finances completely separate from your personal finances will be huge when it comes time to file your taxes and it will help you boost your business credit score as well.

Step 6: Get any funding you need

The next step in starting a wedding planning business? Funding your new venture. 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.

And because you have a great business plan already, you can use that to show potential investors or lenders that you have a well thought out business and a plan for turning a profit quickly. Of course, getting a loan as a new business isn't always easy. If you're finding your options to be limited, you might turn to a 0% introductory APR business credit card as an interest-free loan of sorts. With this type of credit card, you won't pay any interest on the balance you carry over for the length of the introductory offer (this will depend on the card, but at most will be 12 months). Just make sure you have a plan to pay off your balance by the end of this intro period, when a variable APR will set in, or this won't be the most effective funding tool.

Step 7: 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. Once you get your first client, you're off to the races and can consider yourself fully in business.

The brides and grooms you work with will be grateful for your services and you can help them make their special day as stress-free as possible.

"Hiring a planner is so important to your big day," says Kaden Dean. The last thing a bride needs is for someone else to show up to handle the details: “They trust me. When you hire me, you get me. I’ve never missed a wedding.”

And keep in mind, happy customers can provide referrals and word-of-mouth marketing that can give you business the boost it needs to take off.

ZenBusiness

LLC Formation

The bottom line

If you want to survive and thrive in the wedding planning business, you’ve got to put on a happy face and mean it—all the time. Also, you’ve got to be nice—all the time, says Kaden Dean.

It might seem like a simple recipe for success, but if you do a great job and you’re happy and people know it, the referrals will flow and you’ll stay busy, she says.

This article originally appeared on JustBusiness, a subsidiary of NerdWallet.

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Wedding Planning Business Plan Template

Written by Dave Lavinsky

Wedding Planning Business Plan

You’ve come to the right place to create your Wedding Planning business plan.

We have helped over 1,000 entrepreneurs and business owners create business plans and many have used them to start or grow their Wedding Planning businesses.

Below is a template to help you create each section of your Wedding Planning business plan.

Executive Summary

Business overview.

Elegant Weddings is a wedding planning company founded by Carrie Goode in 2023. It is located in Milford, Massachusetts and the company primarily plans weddings for couples who want a luxurious wedding. Carrie has been a wedding planner since 1999 and uses her decades of experience to offer the most prestigious, elegant surroundings and wedding services available within Massachusetts. Carrie is highly-skilled at communicating extensively with wedding couples, assisting in making selections based on those communications, and recommending the best of every vendor for select weddings.

When Carrie opened her business, she recruited from her former colleague, an assistant wedding planner, Danielle Woods, to support the efforts of the company in meeting the needs of Gen Z couples and those who are looking for “less than traditional” ceremonies and settings. Danielle has ten years of experience and enjoys providing wedding plans that cover every item wedding couples want.

Product Offering

The following are the services that Elegant Weddings will provide:

  • Introduction luncheon with wedding planner and couple
  • Pre-wedding scheduling and calendar-setting
  • Pre-wedding vendor event with selections and tastings
  • Pre-wedding honeymoon planning
  • Wedding Day and Reception management, coverage and 24/7 attendance
  • Post-wedding consultation and luncheon with couple
  • Day-to-day management of the wedding and reception processes

Customer Focus

Elegant Weddings will target clients who are considering a wedding or are already planning a wedding. Elegant Weddings will also target couples who are engaged, but have not yet confirmed a season or date for marriage. Secondary targets will include couples who aren’t engaged, but who are considering possibly becoming engaged and marrying. Also, the parents and friends of engaged couples within the Massachusetts region will be targeted.

Management Team

Carrie Goode holds a master’s degree in business development and has been employed as a wedding consultant for over 20 years. Her experience as a wedding planner has earned her hundreds of clients and, as a result, hundreds of recommendations by former clients to engaged couples who are beginning to plan weddings.

Carrie Goode, president of Elegant Weddings, left her former place of employment in 2022 to begin building her idea for her own company, which is scheduled to open in 2023. She recruited a former associate, Danielle Woods, also a wedding planner, to join her in the new company. Danielle will support Carrie in her business while she grows her own clientele base with her new title of Senior Wedding Planner.

In addition to the above, Janice Parker has joined the company as the Office Manager, assisting with onboarding wedding coordinators and vendors who partner with the company. She will handle phone calls, social media, website updates and other administrative tasks.

Success Factors

Elegant Weddings will be able to achieve success by offering the following competitive advantages:

  • Friendly, knowledgeable, and highly-qualified team of Elegant Weddings.
  • A minimum of two private luncheons: initially with engaged couples to determine needs and wants and, second, to analyze at a post-wedding luncheon
  • Thorough and extensive attention offered to details determined by wedding couples.
  • Wedding software for exclusive use of the wedding party, parents and planner.
  • Guaranteed vendor experiences for clients (or refunds are issued).
  • Elegant Weddings offers the best pricing in the “luxury” category of weddings. Their pricing structure is the most cost-effective when compared to the competition.

Financial Highlights

Elegant Weddings is seeking $200,000 in debt financing to launch its company. The funding will be dedicated toward securing the office space and purchasing office equipment and supplies. Funding will also be dedicated toward three months of overhead costs to include payroll of the staff, rent, and marketing costs for the print ads and marketing costs. The breakout of the funding is below:

  • Office space build-out: $20,000
  • Office equipment, supplies, and materials: $10,000
  • Three months of overhead expenses (payroll, rent, utilities): $150,000
  • Marketing costs: $10,000
  • Working capital: $10,000

The following graph outlines the financial projections for Elegant Weddings.

Elegant Weddings Pro Forma Projections

Company Overview

Who is “elegant weddings”.

Elegant Weddings is a newly established, full-service wedding planning business based in Milford, Massachusetts. Elegant Weddings will be the most prestigious, communicative and luxury-oriented wedding planner choice for engaged couples in Massachusetts. Elegant Weddings will provide a comprehensive menu of wedding planning services for any engaged couple to utilize. Their full-service approach includes a pre-wedding, private luncheon with the wedding planner and a post-wedding wrap-up luncheon with their wedding planner.

  Elegant Weddings will be able to plan and prepare for luxurious and elegant weddings to suit all couples. The team of professionals are highly qualified and experienced in luxury weddings and in the most capable and efficient vendors. Elegant Weddings removes all headaches and issues of the wedding and reception and ensures all issues are taken care of expeditiously while delivering the best client service. In addition, if a guaranteed and vetted vendor fails to perform to expectations, refunds are given to the wedding couple.

Elegant Weddings History

Elegant Weddings is owned by Carrie Goode, who is the president of the new company. She has been a wedding planner since 1999 and, while employed formerly in the industry, consulted with hundreds of engaged couples who thought so highly of her services that they recommended her to several hundred additional engaged couples. Carrie is known throughout the east coast as an exemplary wedding planner who brings true “luxury” to the “luxury wedding sector of the industry.” Carrie has recruited former associates, Danielle Woods, to the be Senior Wedding Planner and Janice Parker to be the Office Manager.

Elegant Weddings is founded on the concept that all weddings should include at least a touch of elegance to mark the symbolism of a wedding. This may mean the wedding planner includes a few touches of distinctive beauty to a wedding, or if the engaged couple chooses, the planner can include something whimsical or of special note to the engaged couple, as long as the items add to the “elegance” of the ceremony itself. This practice has built successfully over the years into the development of the concept for Elegant Weddings.

Since incorporation, Elegant Weddings has achieved the following milestones:

  • Registered Elegant Weddings, LLC to transact business in the state of Massachusetts.
  • Has a contract in place for a 10,000 square foot office at one of the midtown buildings
  • Reached out to numerous contacts to include Elegant Weddings in their portfolios.
  • Began recruiting a staff of three and two office personnel to work at Elegant Weddings

Elegant Weddings Services

The following will be the services Elegant Weddings will provide:

  • Day to day management of the wedding and reception processes

Industry Analysis

The wedding planning industry is expected to grow over the next five years to over $1.6 billion. This growth and increase in the market is based on the east coast region of the U.S., where wedding planners are traditionally employed for all weddings, versus the west coast, where more weddings are viewed as casual affairs to be conducted informally and without a typical reception. The growth has more heavily been in the “luxurious” or “elegant” wedding categories, as those who opt for weddings choose to have memorable and large wedding experiences overall.

Costs will likely be reduced as innovation continues to create more convenience and comfort for the engaged couples, including reservations for honeymoon adventures, software that tracks wedding gift receipts, 3D printing that assists in creating unique invitations, and other inventive touches.

Customer Analysis

Demographic profile of target market, customer segmentation.

Elegant Weddings will primarily target the following customer profiles:

  • Engaged couples with a wedding date
  • Engaged couples who do not yet have a season or date
  • Couples who are not engaged, but are considering marriage
  • Parents of engaged couples who are seeking professional counsel

Competitive Analysis

Direct and indirect competitors.

Elegant Weddings will face competition from other companies with similar business profiles. A description of each competitor company is below.

Cherished Moments

Cherished Moments is an established wedding planning company founded in 2010 by Bridgette Inqvist and Lars Solene. Bridgette and Lars were wedding consultants with a national chain bridal store for over ten years when they formed Cherished Moments as a wedding planning company focused on “partial wedding planning.” A partial wedding planner assists with certain elements of the wedding that are especially crucial to the clients, such as the venue selection, vendor coordination, or design and decor. These areas are visible to guests and make or break the wedding overall and, as such, many engaged couples want help in these areas only while they handle the remaining wedding details.

Cherished Moments provides partial wedding planning with event venue selections and design and decor elements of any wedding, including outdoor and themed weddings. Bridgette and Lars do not conduct pre-wedding consultations, preferring to communicate via online conversations and they have engaged couples complete thorough instruction lists for their services that list everything needed or wanted on paper.

Backyard Wedding Planners

Billie Seevers and Jonnie Taylor formed their company, Backyard Wedding Planners, after each had an informal backyard wedding in 2020 and 2021. Their experiences led to conversations and a partnership that focuses strictly on fun, informal backyard weddings. This may mean the wedding couple serves a barbecue meal from the grill or the meal is served by a fast food delivery truck. Events usually include outdoor games for the guests, group singing (with guitar) and informal dancing on the lawn.

The premise of Backyard Wedding Planners is that formal weddings are too difficult and expensive; weddings should be reminiscent of a backyard gathering that is fun. Couples choose from a variety of decor options and settings and vendors are offered for the elements of the wedding that couples choose. The company currently has two employees, Billie and Jonnie.

Destination Dream Weddings

Pat Roberson and Clint Dory formed Destination Dream Weddings while employed as travel agents in 2009. Together they created a format for wedding planning that includes everything destination weddings might require. This means health insurance for the bride and groom are included (in the event of food poisoning, etc), hotels are fully vetted by Destination Dream Weddings, fees are prepaid and costs are set and guaranteed. Destination Dream Weddings often include the wedding parents, grandparents, siblings and friends of the wedding couple, which leads to large-scale planning of multiple people traveling from various points to the destination. Planning is key for Destination Dream Weddings. Pat and Clint have hired one office manager to oversee communication; however, most of their planning services are conducted online and via email communication. They do not travel to the wedding destinations as a rule.

Competitive Advantage

Elegant Weddings will be able to offer the following advantages over their competition:

Marketing Plan

Brand & value proposition.

Elegant Weddings will offer the unique value proposition to its clientele:

  • Highly-qualified team of skilled employees who offer personal, detailed planning with wedding couples from pre-wedding parties through to the end of the reception.
  • Private luncheons before and after the wedding with the wedding planner.
  • Guaranteed results from preferred vendors or money is refunded by Elegant Weddings.
  • Wedding software for exclusive use of the engaged couple, parents and planner.
  • Unbeatable pricing for their clients in the “luxury wedding” category.

Promotions Strategy

The promotions strategy for Elegant Weddings is as follows:

Word of Mouth/Referrals

Elegant Weddings has built up an extensive list of contacts over the years by providing exceptional service and expertise to their previous clients. Their contacts and clients will follow them to their new company and help spread the word of Elegant Weddings.

Professional Associations and Networking

Networking will take place at industry events, bridal fairs, personal meetings, and professionally-associated organizations. Private events for parents and selected referrals will be hosted by Elegant Weddings.

Print Advertising

Direct mail pieces will be sent to attendees of bridal fairs and other industry events. Special offers will be given in the direct mail pieces when engaged couples meet with Elegant Wedding planners.

Website/SEO Marketing

Elegant Weddings will fully utilize their website. The website will be well organized, informative, and list all the services that Elegant Weddings provides. The website will also list their contact information and offer sample photos of elegant weddings and wedding couples. The website will engage in SEO marketing tactics so that anytime someone types in the Google or Bing search engine “wedding planning company” or “luxury weddings near me,” Elegant Weddings will be listed at the top of the search results.

The pricing of Elegant Weddings will be on the high end of the wedding planning industry; however, it will be on par with competitors so customers feel they receive excellent value when purchasing their services.

Operations Plan

The following will be the operations plan for Elegant Weddings. Operation Functions:

  • Carrie Goode will be the owner and President of the company. She will oversee all business development and manage client relations. Carrie has spent the past year recruiting the following staff:
  • Danielle Woods will become the Senior Wedding Planner and oversee staff, handle phone calls and social media.
  • Janice Parker will also join the staff as the Office Manager, overseeing all scheduling, calendar events and tracking engaged couples through the process of planning. She will onboard new employees, as well.

Milestones:

Elegant Weddings will have the following milestones completed in the next six months.

  • 5/1/202X – Finalize contract to lease office space
  • 5/15/202X – Finalize personnel and staff employment contracts for the Elegant Weddings
  • 6/1/202X – Finalize contracts for Elegant Weddings clients
  • 6/15/202X – Begin networking at industry events
  • 6/22/202X – Begin moving into Elegant Weddings office
  • 7/1/202X – Elegant Weddings opens its doors for business

Financial Plan

Key revenue & costs.

The revenue drivers for Elegant Weddings are the fees they will charge to clients for their services.

The cost drivers will be the overhead costs required in order to staff Elegant Weddings. The expenses will be the payroll cost, rent, utilities, office supplies, and marketing materials.

Funding Requirements and Use of Funds

Key assumptions.

The following outlines the key assumptions required in order to achieve the revenue and cost numbers in the financials and in order to pay off the startup business loan.

  • Number of clients per Month: 20
  • Average revenue per Month: $27,500.
  • Office Lease per Year: $100,000

Financial Projections

Income statement.

FY 1FY 2FY 3FY 4FY 5
Revenues
Total Revenues$360,000$793,728$875,006$964,606$1,063,382
Expenses & Costs
Cost of goods sold$64,800$142,871$157,501$173,629$191,409
Lease$50,000$51,250$52,531$53,845$55,191
Marketing$10,000$8,000$8,000$8,000$8,000
Salaries$157,015$214,030$235,968$247,766$260,155
Initial expenditure$10,000$0$0$0$0
Total Expenses & Costs$291,815$416,151$454,000$483,240$514,754
EBITDA$68,185 $377,577 $421,005 $481,366 $548,628
Depreciation$27,160$27,160 $27,160 $27,160 $27,160
EBIT$41,025 $350,417 $393,845$454,206$521,468
Interest$23,462$20,529 $17,596 $14,664 $11,731
PRETAX INCOME$17,563 $329,888 $376,249 $439,543 $509,737
Net Operating Loss$0$0$0$0$0
Use of Net Operating Loss$0$0$0$0$0
Taxable Income$17,563$329,888$376,249$439,543$509,737
Income Tax Expense$6,147$115,461$131,687$153,840$178,408
NET INCOME$11,416 $214,427 $244,562 $285,703 $331,329

Balance Sheet

FY 1FY 2FY 3FY 4FY 5
ASSETS
Cash$154,257$348,760$573,195$838,550$1,149,286
Accounts receivable$0$0$0$0$0
Inventory$30,000$33,072$36,459$40,192$44,308
Total Current Assets$184,257$381,832$609,654$878,742$1,193,594
Fixed assets$180,950$180,950$180,950$180,950$180,950
Depreciation$27,160$54,320$81,480$108,640 $135,800
Net fixed assets$153,790 $126,630 $99,470 $72,310 $45,150
TOTAL ASSETS$338,047$508,462$709,124$951,052$1,238,744
LIABILITIES & EQUITY
Debt$315,831$270,713$225,594$180,475 $135,356
Accounts payable$10,800$11,906$13,125$14,469 $15,951
Total Liability$326,631 $282,618 $238,719 $194,944 $151,307
Share Capital$0$0$0$0$0
Retained earnings$11,416 $225,843 $470,405 $756,108$1,087,437
Total Equity$11,416$225,843$470,405$756,108$1,087,437
TOTAL LIABILITIES & EQUITY$338,047$508,462$709,124$951,052$1,238,744

Cash Flow Statement

FY 1FY 2FY 3FY 4FY 5
CASH FLOW FROM OPERATIONS
Net Income (Loss)$11,416 $214,427 $244,562 $285,703$331,329
Change in working capital($19,200)($1,966)($2,167)($2,389)($2,634)
Depreciation$27,160 $27,160 $27,160 $27,160 $27,160
Net Cash Flow from Operations$19,376 $239,621 $269,554 $310,473 $355,855
CASH FLOW FROM INVESTMENTS
Investment($180,950)$0$0$0$0
Net Cash Flow from Investments($180,950)$0$0$0$0
CASH FLOW FROM FINANCING
Cash from equity$0$0$0$0$0
Cash from debt$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow from Financing$315,831 ($45,119)($45,119)($45,119)($45,119)
Net Cash Flow$154,257$194,502 $224,436 $265,355$310,736
Cash at Beginning of Period$0$154,257$348,760$573,195$838,550
Cash at End of Period$154,257$348,760$573,195$838,550$1,149,286

Wedding Planning Business Plan FAQs

What is a wedding planning business plan.

A wedding planning business plan is a plan to start and/or grow your wedding planning business. Among other things, it outlines your business concept, identifies your target customers, presents your marketing plan and details your financial projections.

You can easily complete your Wedding Planning business plan using our Wedding Planning Business Plan Template here .

What are the Main Types of Wedding Planning Businesses? 

There are a number of different kinds of wedding planning businesses , some examples include: Traditional, Extreme wedding planning, Destination, Luxury, and Budget-saving wedding planning.

How Do You Get Funding for Your Wedding Planning Business Plan?

Wedding Planning businesses are often funded through small business loans. Personal savings, credit card financing and angel investors are also popular forms of funding.

What are the Steps To Start a Wedding Planning Business?

Starting a wedding planning business can be an exciting endeavor. Having a clear roadmap of the steps to start a business will help you stay focused on your goals and get started faster.

  • Develop A Wedding Planning Business Plan - The first step in starting a business is to create a detailed wedding planning business plan that outlines all aspects of the venture. This should include potential market size and target customers, the services or products you will offer, pricing strategies and a detailed financial forecast.  
  • Choose Your Legal Structure - It's important to select an appropriate legal entity for your wedding planning business. This could be a limited liability company (LLC), corporation, partnership, or sole proprietorship. Each type has its own benefits and drawbacks so it’s important to do research and choose wisely so that your wedding planning business is in compliance with local laws.
  • Register Your Wedding Planning Business - Once you have chosen a legal structure, the next step is to register your wedding planning business with the government or state where you’re operating from. This includes obtaining licenses and permits as required by federal, state, and local laws. 
  • Identify Financing Options - It’s likely that you’ll need some capital to start your wedding planning business, so take some time to identify what financing options are available such as bank loans, investor funding, grants, or crowdfunding platforms. 
  • Choose a Location - Whether you plan on operating out of a physical location or not, you should always have an idea of where you’ll be based should it become necessary in the future as well as what kind of space would be suitable for your operations. 
  • Hire Employees - There are several ways to find qualified employees including job boards like LinkedIn or Indeed as well as hiring agencies if needed – depending on what type of employees you need it might also be more effective to reach out directly through networking events. 
  • Acquire Necessary Wedding Planning Equipment & Supplies - In order to start your wedding planning business, you'll need to purchase all of the necessary equipment and supplies to run a successful operation. 
  • Market & Promote Your Business - Once you have all the necessary pieces in place, it’s time to start promoting and marketing your wedding planning business. This includes creating a website, utilizing social media platforms like Facebook or Twitter, and having an effective Search Engine Optimization (SEO) strategy. You should also consider traditional marketing techniques such as radio or print advertising. 

Learn more about how to start a successful wedding planning business:

  • How to Start a Wedding Planning Business

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How To Write a Successful Wedding Planner Business Plan + Template

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Creating a business plan is essential for any business, but it can be especially helpful for wedding planner businesses that want to improve their strategy and/or raise funding.

A well-crafted business plan not only outlines the vision for your company, but also documents a step-by-step roadmap of how you are going to accomplish it. In order to create an effective business plan, you must first understand the components that are essential to its success.

This article provides an overview of the key elements that every wedding planner business owner should include in their business plan.

Download the Ultimate Business Plan Template

What is a Wedding Planner Business Plan?

A wedding planner business plan is a formal written document that describes your company’s business strategy and its feasibility. It documents the reasons you will be successful, your areas of competitive advantage, and it includes information about your team members. Your business plan is a key document that will convince investors and lenders (if needed) that you are positioned to become a successful venture.

Why Write a Wedding Planner Business Plan?

A wedding planner business plan is required for banks and investors. The document is a clear and concise guide of your business idea and the steps you will take to make it profitable.

Entrepreneurs can also use this as a roadmap when starting their new company or venture, especially if they are inexperienced in starting a business.

Writing an Effective Wedding Planner Business Plan

The following are the key components of a successful wedding planner business plan:

Executive Summary

The executive summary of a wedding planner business plan is a one to two page overview of your entire business plan. It should summarize the main points, which will be presented in full in the rest of your business plan.

  • Start with a one-line description of your wedding planner company
  • Provide a short summary of the key points in each section of your business plan, which includes information about your company’s management team, industry analysis, competitive analysis, and financial forecast among others.

Company Description

This section should include a brief history of your company. Include a short description of how your company started, and provide a timeline of milestones your company has achieved.

If you are just starting your wedding planner business, you may not have a long company history. Instead, you can include information about your professional experience in this industry and how and why you conceived your new venture. If you have worked for a similar company before or have been involved in an entrepreneurial venture before starting your wedding planner firm, mention this.

You will also include information about your chosen wedding planner business model and how, if applicable, it is different from other companies in your industry.

Industry Analysis

The industry or market analysis is an important component of a wedding planner business plan. Conduct thorough market research to determine industry trends and document the size of your market. 

Questions to answer include:

  • What part of the wedding planner industry are you targeting?
  • How big is the market?
  • What trends are happening in the industry right now (and if applicable, how do these trends support the success of your company)?

You should also include sources for the information you provide, such as published research reports and expert opinions.

Customer Analysis

This section should include a list of your target audience(s) with demographic and psychographic profiles (e.g., age, gender, income level, profession, job titles, interests). You will need to provide a profile of each customer segment separately, including their needs and wants.

For example, the customers of a wedding planner business may include:

  • Bridal party members
  • Family of wedding couple
  • Wedding vendors (e.g., caterers, florists, photographers)

You can include information about how your customers make the decision to buy from you as well as what keeps them buying from you.

Develop a strategy for targeting those customers who are most likely to buy from you, as well as those that might be influenced to buy your products or wedding planner services with the right marketing.

Competitive Analysis

The competitive analysis helps you determine how your product or service will be different from competitors, and what your unique selling proposition (USP) might be that will set you apart in this industry.

For each competitor, list their strengths and weaknesses. Next, determine your areas of competitive differentiation and/or advantage; that is, in what ways are you different from and ideally better than your competitors.

Below are sample competitive advantages your wedding planner business may have:

  • Extensive industry knowledge and experience
  • Personalized service
  • Comprehensive planning and organization
  • Creativity and attention to detail
  • Value-driven perspective

Marketing Plan

This part of the business plan is where you determine and document your marketing plan. . Your plan should be clearly laid out, including the following 4 Ps.

  • Product/Service : Detail your product/service offerings here. Document their features and benefits.
  • Price : Document your pricing strategy here. In addition to stating the prices for your products/services, mention how your pricing compares to your competition.
  • Place : Where will your customers find you? What channels of distribution (e.g., partnerships) will you use to reach them if applicable?
  • Promotion : How will you reach your target customers? For example, you may use social media, write blog posts, create an email marketing campaign, use pay-per-click advertising, launch a direct mail campaign. Or, you may promote your wedding planner business via word-of-mouth marketing.

Operations Plan

This part of your wedding planner business plan should include the following information:

  • How will you deliver your product/service to customers? For example, will you do it in person or over the phone only?
  • What infrastructure, equipment, and resources are needed to operate successfully? How can you meet those requirements within budget constraints?

The operations plan is where you also need to include your company’s business policies. You will want to establish policies related to everything from customer service to pricing, to the overall brand image you are trying to present.

Finally, and most importantly, in your Operations Plan, you will lay out the milestones your company hopes to achieve within the next five years. Create a chart that shows the key milestone(s) you hope to achieve each quarter for the next four quarters, and then each year for the following four years. Examples of milestones for a wedding planner business include reaching $X in sales. Other examples include adding new products or services, expanding to new markets, or hiring new personnel.

Management Team

List your team members here including their names and titles, as well as their expertise and experience relevant to your specific wedding planner industry. Include brief biography sketches for each team member.

Particularly if you are seeking funding, the goal of this section is to convince investors and lenders that your team has the expertise and experience to execute on your plan. If you are missing key team members, document the roles and responsibilities you plan to hire for in the future.

Financial Plan

Here you will include a summary of your complete and detailed financial plan (your full financial projections go in the Appendix). 

This includes the following three financial statements:

Income Statement

Your income statement should include:

  • Revenue : how much revenue you generate.
  • Cost of Goods Sold : These are your direct costs associated with generating revenue. This includes labor costs, as well as the cost of any equipment and supplies used to deliver the product/service offering.
  • Net Income (or loss) : Once expenses and revenue are totaled and deducted from each other, this is the net income or loss.

Sample Income Statement for a Startup Wedding Planner Business

Revenues $ 336,090 $ 450,940 $ 605,000 $ 811,730 $ 1,089,100
$ 336,090 $ 450,940 $ 605,000 $ 811,730 $ 1,089,100
Direct Cost
Direct Costs $ 67,210 $ 90,190 $ 121,000 $ 162,340 $ 217,820
$ 67,210 $ 90,190 $ 121,000 $ 162,340 $ 217,820
$ 268,880 $ 360,750 $ 484,000 $ 649,390 $ 871,280
Salaries $ 96,000 $ 99,840 $ 105,371 $ 110,639 $ 116,171
Marketing Expenses $ 61,200 $ 64,400 $ 67,600 $ 71,000 $ 74,600
Rent/Utility Expenses $ 36,400 $ 37,500 $ 38,700 $ 39,800 $ 41,000
Other Expenses $ 9,200 $ 9,200 $ 9,200 $ 9,400 $ 9,500
$ 202,800 $ 210,940 $ 220,871 $ 230,839 $ 241,271
EBITDA $ 66,080 $ 149,810 $ 263,129 $ 418,551 $ 630,009
Depreciation $ 5,200 $ 5,200 $ 5,200 $ 5,200 $ 4,200
EBIT $ 60,880 $ 144,610 $ 257,929 $ 413,351 $ 625,809
Interest Expense $ 7,600 $ 7,600 $ 7,600 $ 7,600 $ 7,600
$ 53,280 $ 137,010 $ 250,329 $ 405,751 $ 618,209
Taxable Income $ 53,280 $ 137,010 $ 250,329 $ 405,751 $ 618,209
Income Tax Expense $ 18,700 $ 47,900 $ 87,600 $ 142,000 $ 216,400
$ 34,580 $ 89,110 $ 162,729 $ 263,751 $ 401,809
10% 20% 27% 32% 37%

Balance Sheet

Include a balance sheet that shows your assets, liabilities, and equity. Your balance sheet should include:

  • Assets : All of the things you own (including cash).
  • Liabilities : This is what you owe against your company’s assets, such as accounts payable or loans.
  • Equity : The worth of your business after all liabilities and assets are totaled and deducted from each other.

Sample Balance Sheet for a Startup Wedding Planner Business

Cash $ 105,342 $ 188,252 $ 340,881 $ 597,431 $ 869,278
Other Current Assets $ 41,600 $ 55,800 $ 74,800 $ 90,200 $ 121,000
Total Current Assets $ 146,942 $ 244,052 $ 415,681 $ 687,631 $ 990,278
Fixed Assets $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Accum Depreciation $ 5,200 $ 10,400 $ 15,600 $ 20,800 $ 25,000
Net fixed assets $ 19,800 $ 14,600 $ 9,400 $ 4,200 $ 0
$ 166,742 $ 258,652 $ 425,081 $ 691,831 $ 990,278
Current Liabilities $ 23,300 $ 26,100 $ 29,800 $ 32,800 $ 38,300
Debt outstanding $ 108,862 $ 108,862 $ 108,862 $ 108,862 $ 0
$ 132,162 $ 134,962 $ 138,662 $ 141,662 $ 38,300
Share Capital $ 0 $ 0 $ 0 $ 0 $ 0
Retained earnings $ 34,580 $ 123,690 $ 286,419 $ 550,170 $ 951,978
$ 34,580 $ 123,690 $ 286,419 $ 550,170 $ 951,978
$ 166,742 $ 258,652 $ 425,081 $ 691,831 $ 990,278

Cash Flow Statement

Include a cash flow statement showing how much cash comes in, how much cash goes out and a net cash flow for each year. The cash flow statement should include:

  • Cash Flow From Operations
  • Cash Flow From Investments
  • Cash Flow From Financing

Below is a sample of a projected cash flow statement for a startup wedding planner business.

Sample Cash Flow Statement for a Startup Wedding Planner Business

Net Income (Loss) $ 34,580 $ 89,110 $ 162,729 $ 263,751 $ 401,809
Change in Working Capital $ (18,300) $ (11,400) $ (15,300) $ (12,400) $ (25,300)
Plus Depreciation $ 5,200 $ 5,200 $ 5,200 $ 5,200 $ 4,200
Net Cash Flow from Operations $ 21,480 $ 82,910 $ 152,629 $ 256,551 $ 380,709
Fixed Assets $ (25,000) $ 0 $ 0 $ 0 $ 0
Net Cash Flow from Investments $ (25,000) $ 0 $ 0 $ 0 $ 0
Cash from Equity $ 0 $ 0 $ 0 $ 0 $ 0
Cash from Debt financing $ 108,862 $ 0 $ 0 $ 0 $ (108,862)
Net Cash Flow from Financing $ 108,862 $ 0 $ 0 $ 0 $ (108,862)
Net Cash Flow $ 105,342 $ 82,910 $ 152,629 $ 256,551 $ 271,847
Cash at Beginning of Period $ 0 $ 105,342 $ 188,252 $ 340,881 $ 597,431
Cash at End of Period $ 105,342 $ 188,252 $ 340,881 $ 597,431 $ 869,278

You will also want to include an appendix section which will include:

  • Your complete financial projections
  • A complete list of your company’s business policies and procedures related to the rest of the business plan (marketing, operations, etc.)
  • Any other documentation which supports what you included in the body of your business plan.

Writing a good business plan gives you the advantage of being fully prepared to launch and/or grow your wedding planner company. It not only outlines your business vision but also provides a step-by-step process of how you are going to accomplish it.

A well-written business plan is an essential tool for any wedding planner company. If you are seeking funding from investors or lenders, it’s important to have a polished and professional business plan. Use the template above as a guide as you write your own wedding planner business plan.  

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Wedding Planning Business Plan

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If you are into creating memorable experiences, then planning a picture-perfect wedding for someone would be blissful and rewarding.

Anyone can start a new business, but you need a detailed business plan when it comes to raising funding, applying for loans, and scaling it like a pro!

Need help writing a business plan for your wedding planning business? You’re at the right place. Our wedding planning business plan template will help you get started.

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Free Business Plan Template

Download our free wedding planning business plan template now and pave the way to success. Let’s turn your vision into an actionable strategy!

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How to Write A Wedding Planning Business Plan?

Writing a wedding planning business plan is a crucial step toward the success of your business. Here are the key steps to consider when writing a business plan:

1. Executive Summary

An executive summary is the first section planned to offer an overview of the entire business plan. However, it is written after the entire business plan is ready and summarizes each section of your plan.

Here are a few key components to include in your executive summary:

  • Introduce your Business: Start your executive summary by briefly introducing your business to your readers.This section may include the name of your wedding planning business, its location when it was founded, the type of wedding planning business (E.g., full-service wedding planner, destination wedding planner, theme wedding planner, wedding stylist), etc.
  • Market Opportunity: Summarize your market research, including market size, growth potential, and marketing trends. Highlight the opportunities in the market and how your business will fit in to fill the gap.
  • Wedding Planning Services: Highlight the wedding planning services you offer your clients. The USPs and differentiators you offer are always a plus.For instance, you may include venue selection, vendor recommendation, budget planning, wedding design & theme development, etc as some of your services.
  • Marketing & Sales Strategies: Outline your sales and marketing strategies—what marketing platforms you use, how you plan on acquiring customers, etc.
  • Financial Highlights: Briefly summarize your financial projections for the initial years of business operations. Include any capital or investment requirements, associated startup costs, projected revenues, and profit forecasts.
  • Call to Action: Summarize your executive summary section with a clear CTA, for example, inviting angel investors to discuss the potential business investment.

Ensure your executive summary is clear, concise, easy to understand, and jargon-free.

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2. Business Overview

The business overview section of your business plan offers detailed information about your company. The details you add will depend on how important they are to your business. Yet, business name, location, business history, and future goals are some of the foundational elements you must consider adding to this section:

  • Full-service wedding planner
  • Destination wedding planner
  • Theme wedding planner
  • Wedding consultant
  • Describe the legal structure of your wedding planning company, whether it is a sole proprietorship, LLC, partnership, or others.
  • Explain where your business is located and why you selected the place.
  • Owners: List the names of your wedding planning company’s founders or owners. Describe what shares they own and their responsibilities for efficiently managing the business.
  • Mission Statement: Summarize your business’ objective, core principles, and values in your mission statement. This statement needs to be memorable, clear, and brief.
  • Business History: If you’re an established wedding planning business, briefly describe your business history, like—when it was founded, how it evolved over time, etc.
  • Additionally, If you have received any awards or recognition for excellent work, describe them.
  • Future Goals: It’s crucial to convey your aspirations and vision. Mention your short-term and long-term goals; they can be specific targets for revenue, market share, or expanding your services.

This section should provide a thorough understanding of your business, its history, and its future plans. Keep this section engaging, precise, and to the point.

3. Market Analysis

The market analysis section of your business plan should offer a thorough understanding of the industry with the target market, competitors, and growth opportunities. You should include the following components in this section.

  • Target market: Start this section by describing your target market. Define your ideal customer and explain what types of services they prefer. Creating a buyer persona will help you easily define your target market to your readers.For instance, couples, event managers, wedding vendors, or photographers would be an ideal target audience for a wedding planning business.
  • Market size and growth potential: Describe your market size and growth potential and whether you will target a niche or a much broader market.For instance, the USA market size for wedding planners was $1.3 billion in 2022, so it is crucial to define the segment of your target market and its growth potential.
  • Competitive Analysis: Identify and analyze your direct and indirect competitors. Identify their strengths and weaknesses, and describe what differentiates your wedding planning business from them. Point out how you have a competitive edge in the market.
  • Market Trends: Analyze emerging trends in the industry, such as technology disruptions, changes in customer behavior or preferences, etc. Explain how your business will cope with all the directions.For instance, micro-weddings & intimate gatherings have a booming market; explain how you plan on dealing with this potential growth opportunity.
  • Regulatory Environment: List regulations and licensing requirements that may affect your wedding planning company, such as business licenses & permits, insurance, business registration, agreements, etc.

Here are a few tips for writing the market analysis section of your wedding consultant business plan:

  • Conduct market research, industry reports, and surveys to gather data.
  • Provide specific and detailed information whenever possible.
  • Illustrate your points with charts and graphs.
  • Write your business plan keeping your target audience in mind.

4. Wedding Planning Services

The product and services section should describe the specific services and products that will be offered to customers. To write this section should include the following:

  • Initial consultation
  • Venue selection
  • Budget planning & management
  • Wedding design & theme development
  • Wedding day coordination
  • Explain the service process: Give a detailed description of the procedure you use while working with clients. Clarify how you will help them at every stage of the planning process, from the initial meeting through organizing the wedding.
  • Additional Services: Mention if your wedding planning company offers any additional services. You may include services like pre & post-wedding events, vendor negotiation, guest concierge services, etc.

In short, this section of your wedding planning plan must be informative, precise, and client-focused. By providing a clear and compelling description of your offerings, you can help potential investors and readers understand the value of your business.

5. Sales And Marketing Strategies

Writing the sales and marketing strategies section means a list of strategies you will use to attract and retain your clients. Here are some key elements to include in your sales & marketing plan:

  • Unique Selling Proposition (USP): Define your business’s USPs depending on the market you serve, the equipment you use, and the unique services you provide. Identifying USPs will help you plan your marketing strategies.For example, a personalized approach, extensive vendor network, or stress-free planning could be some of the great USPs for a wedding planning company.
  • Pricing Strategy: Describe your pricing strategy—how you plan to price your services and stay competitive in the local market. You can mention any discounts you plan on offering to attract new customers.
  • Marketing Strategies: Discuss your marketing strategies to market your services. You may include some of these marketing strategies in your business plan—social media marketing, Google ads, email marketing, content marketing, etc.
  • Sales Strategies: Outline the strategies you’ll implement to maximize your sales. Your sales strategies may include partnering with other businesses, offering referral programs, etc.
  • Customer Retention: Describe your customer retention strategies and how you plan to execute them. For instance, introducing loyalty programs, discounts & offers, personalized service, etc.

Overall, this section of your wedding planning business plan should focus on customer acquisition and retention.

Have a specific, realistic, and data-driven approach while planning sales and marketing strategies for your wedding planning business, and be prepared to adapt or make strategic changes in your strategies based on feedback and results.

6. Operations Plan

The operations plan section of your business plan should outline the processes and procedures involved in your business operations, such as staffing requirements and operational processes. Here are a few components to add to your operations plan:

  • Staffing & Training: Mention your business’s staffing requirements, including the number of employees, planners, or coordinators needed. Include their qualifications, the training required, and the duties they will perform.
  • Operational Process: Outline the processes and procedures you will use to run your wedding planning business. Your operational processes may include initial client consultation, wedding planning & coordination, wedding day rehearsal setup, wedding day coordination, etc.
  • Equipment & Machinery: Include the list of equipment and machinery required for wedding planning, such as office supplies, camera & photography equipment, project management software, wedding planning software, social media management tools, file transfer tool, etc.Explain how these technologies help you maintain quality standards and improve the efficiency of your business operations.

Adding these components to your operations plan will help you lay out your business operations, which will eventually help you manage your business effectively.

7. Management Team

The management team section provides an overview of your wedding planning business’s management team. This section should provide a detailed description of each manager’s experience and qualifications, as well as their responsibilities and roles.

  • Founders/CEO: Mention the founders and CEO of your wedding planning company, and describe their roles and responsibilities in successfully running the business.
  • Key managers: Introduce your management and key members of your team, and explain their roles and responsibilities.It should include, senior management, and other department managers (e.g. operations manager, event manager, customer services manager.) involved in the wedding planning business operations, including their education, professional background, and any relevant experience in the industry.
  • Organizational structure: Explain the organizational structure of your management team. Include the reporting line and decision-making hierarchy.
  • Compensation Plan: Describe your compensation plan for the management and staff. Include their salaries, incentives, and other benefits.
  • Advisors/Consultants: Mentioning advisors or consultants in your business plans adds credibility to your business idea.So, if you have any advisors or consultants, include them with their names and brief information consisting of roles and years of experience.

This section should describe the key personnel for your wedding planning business, highlighting how you have the perfect team to succeed.

8. Financial Plan

Your financial plan section should provide a summary of your business’s financial projections for the first few years. Here are some key elements to include in your financial plan:

  • Profit & loss statement: Describe details such as projected revenue, operational costs, and service costs in your projected profit and loss statement . Make sure to include your business’s expected net profit or loss.
  • Cash flow statement: The cash flow for the first few years of your operation should be estimated and described in this section. This may include billing invoices, payment receipts, loan payments, and any other cash flow statements.
  • Balance Sheet: Create a projected balance sheet documenting your wedding planning business’s assets, liabilities, and equity.
  • Break-even point: Determine and mention your business’s break-even point—the point at which your business costs and revenue will be equal.This exercise will help you understand how much revenue you need to generate to sustain or be profitable.
  • Financing Needs: Calculate costs associated with starting a wedding planning business, and estimate your financing needs and how much capital you need to raise to operate your business. Be specific about your short-term and long-term financing requirements, such as investment capital or loans.

Be realistic with your financial projections, and make sure you offer relevant information and evidence to support your estimates.

9. Appendix

The appendix section of your plan should include any additional information supporting your business plan’s main content, such as market research, legal documentation, financial statements, and other relevant information.

  • Add a table of contents for the appendix section to help readers easily find specific information or sections.
  • In addition to your financial statements, provide additional financial documents like tax returns, a list of assets within the business, credit history, and more. These statements must be the latest and offer financial projections for at least the first three or five years of business operations.
  • Provide data derived from market research, including stats about the industry, user demographics, and industry trends.
  • Include any legal documents such as permits, licenses, and contracts.
  • Include any additional documentation related to your business plan, such as product brochures, marketing materials, operational procedures, etc.

Use clear headings and labels for each section of the appendix so that readers can easily find the necessary information.

Remember, the appendix section of your wedding planner business plan should only include relevant and important information supporting your plan’s main content.

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This sample wedding planning business plan will provide an idea for writing a successful wedding planning plan, including all the essential components of your business.

After this, if you still need clarification about writing an investment-ready business plan to impress your audience, download our wedding planning business plan pdf .

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Frequently Asked Questions

Why do you need a wedding planning business plan.

A business plan is an essential tool for anyone looking to start or run a successful wedding planning business. It helps to get clarity in your business, secures funding, and identifies potential challenges while starting and growing your business.

Overall, a well-written plan can help you make informed decisions, which can contribute to the long-term success of your wedding planning company.

Where to find business plan writers for your wedding planning business?

There are many business plan writers available, but no one knows your business and ideas better than you, so we recommend you write your wedding planning business plan and outline your vision as you have in your mind.

What is the easiest way to write your wedding planning business plan?

A lot of research is necessary for writing a business plan, but you can write your plan most efficiently with the help of any wedding planning business plan example and edit it as per your need. You can also quickly finish your plan in just a few hours or less with the help of our business plan software .

How do I write a good market analysis in a wedding planning business plan?

Market analysis is one of the key components of your business plan that requires deep research and a thorough understanding of your industry. We can categorize the process of writing a good market analysis section into the following steps:

  • Stating the objective of your market analysis—e.g., investor funding.
  • Industry study—market size, growth potential, market trends, etc.
  • Identifying target market—based on user behavior and demographics.
  • Analyzing direct and indirect competitors.
  • Calculating market share—understanding TAM, SAM, and SOM.
  • Knowing regulations and restrictions
  • Organizing data and writing the first draft.

Writing a marketing analysis section can be overwhelming, but using ChatGPT for market research can make things easier.

Can a good wedding planning business plan help me secure funding?

Indeed. A well-crafted wedding planning business plan will help your investors better understand your business domain, market trends, strategies, business financials, and growth potential—helping them make better financial decisions.

So, if you have a profitable and investable business, a comprehensive business plan can certainly help you secure your business funding.

What's the importance of a marketing strategy in a wedding planning business plan?

Marketing strategy is a key component of your wedding planning business plan. Whether it is about achieving certain business goals or helping your investors understand your plan to maximize their return on investment—an impactful marketing strategy is the way to do it!

Here are a few pointers to help you understand the importance of having an impactful marketing strategy:

  • It provides your business an edge over your competitors.
  • It helps investors better understand your business and growth potential.
  • It helps you develop products with the best profit potential.
  • It helps you set accurate pricing for your products or services.

About the Author

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Upmetrics Team

Upmetrics is the #1 business planning software that helps entrepreneurs and business owners create investment-ready business plans using AI. We regularly share business planning insights on our blog. Check out the Upmetrics blog for such interesting reads. Read more

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How to Start a Wedding Planning Business in 14 Steps (In-Depth Guide)

Updated:   February 22, 2024

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The global wedding planning business is constantly growing. With an evaluation of $160.5 billion in 2020 and a compound annual growth rate (CAGR) of 4.8% from 2021 to 2030, now is a great time to get started. The wedding service market could reach $414.2 billion by 2030 at this estimation.

wedding consultant business plan

With so many engaged couples looking to tie the knot in style, the demand for professional wedding planners who can turn dreams into reality is booming. But the rewards of launching a wedding planning business go far beyond the financial. Helping create once-in-a-lifetime memories for clients can be incredibly fulfilling.

Through this guide, we’ll explain how to start a wedding planning business. Topics include market research, competitive analysis, registering an EIN, opening a business bank account, and more. Here’s everything you need to know to become a successful wedding planner.

1. Conduct Wedding Planning Market Research

Market research is essential to building a successful wedding planner business plan. To become a wedding planner you need insight on your target market, local market saturation, trends in wedding venues and services, and more.

wedding consultant business plan

Some details you’ll learn through wedding planning services market research include:

  • While weddings occur year-round, late spring and summer are peak seasons.
  • Saturday is the most popular day, accounting for most weddings.
  • Most events kick off either late afternoon or early evening.
  • The majority of couples have a 12 to 14-month engagement.
  • While the industry remains female-dominated, more men are entering the field.
  • Offering foreign language services can be a competitive advantage.
  • The typical planner handles 20 to 40 weddings per year and earns around $3,000 per wedding.
  • The most successful ventures expand into additional wedding services like catering and rentals.

Despite the rise of wedding-planning apps and websites, couples value human creativity, knowledge, and support in planning their big day. For wedding planners who stay organized, develop strong vendor relationships, and provide top-notch customer service, the opportunities are endless.

2. Analyze the Competition

To succeed in the wedding planning industry, you must closely analyze your competition. Examine both local brick-and-mortar planners and those with an online presence in your region. Competitive analysis provides you with details on other successful wedding planners in your area. Learn more about competitors in the following ways.

  • Research planners that seem to dominate the local market.
  • Review their websites and social media presence.
  • Gauge strengths like years in business, reviews and ratings, types of packages offered, and pricing structure.
  • Search online directories and platforms like The Knot , WeddingWire , and Zola to analyze customer reviews and feedback for competitors.
  • Look for common complaints you could improve upon or services not being offered that present an opportunity.
  • Evaluate competitors’ digital marketing strategies.
  • Research their social media engagement levels and branding across platforms like Instagram and Facebook.
  • Conduct anonymous consultations as a “bride-to-be” to evaluate firsthand their processes, pricing, packages, and customer service experience.

Gauging the competition from all angles will identify service gaps, opportunities to differentiate, and areas where you can gain a competitive advantage in the local wedding market with the right positioning and offerings. Ongoing competitor analysis is key.

3. Costs to Start a Wedding Planning Business

Starting a full wedding planning business requires an investment. From startup costs to ongoing expenses, event planning requires tools, resources, venue connections, and more. Let’s break down costs further.

wedding consultant business plan

Start-up Costs

When starting a wedding planning company, you’ll need to budget for various one-time start-up costs. These include:

  • Licensing and Permits – Obtaining a business license and permits can cost $50-$500 depending on your state and municipality.
  • Business Registration Fees – Expect registration fees of $100-$800 to establish your business entity (LLC, S-corp, etc.).
  • Insurance – Liability insurance will likely run $500-$2,000 annually depending on your location and coverage levels.
  • Office Supplies – Budget $1,000-$5,000 upfront for basic office furniture, computers, printers, software, phones, and supplies.
  • Website Development – Having a professional wedding planning website designed typically costs $2,000-$5,000.
  • Branding – Logo design, branding assets, and branded templates can cost $1,000-$3,000.
  • Marketing Collateral – Printing business cards, flyers, brochures, etc. will cost around $500-$2,000 to start.
  • Training & Education – Wedding planner certification courses range from $400-$1000.

Ongoing Costs

Once up and running, wedding planners also face ongoing operating expenses, including:

  • Rent – Leasing a home office or commercial space costs $400-$1,500 monthly. For a more visible location, expect closer to $2,500-$5,000 per month.
  • Utilities – Gas, electricity, internet, etc can run $200-$500 monthly for a small office.
  • Phone & Internet – Basic business phone and internet will cost approximately $150 per month.
  • Association Fees – Joining a local or national wedding association provides referrals and credibility for $200-$500 annually.
  • Software Subscriptions – CRM, invoicing, project management, and email marketing software will cost $100-$300 monthly.
  • Insurance – General business liability insurance ranges from $30-$150 per month.
  • Advertising – Paid ads and sponsored posts on wedding platforms will run $500-$2,000+ monthly.
  • Credit Card Processing Fees – Transaction fees of 2-4% will tally $100+ every month.
  • Continuing Education – Ongoing training courses and conferences average $500-$2,000 annually.
  • Taxes & Accounting – Expect to spend $300-$1,000 monthly on bookkeeping, payroll services, quarterly taxes, and annual accounting.

Careful planning and realistic budgeting for both start-up and ongoing costs are imperative to launch and sustain a successful wedding planning venture long-term. Adjust estimates to suit your specific business model and location.

4. Form a Legal Business Entity

When starting a wedding planning company, the legal structure you choose is an important decision. The four main options—sole proprietorship, partnership, LLC, and corporation—each have pros and cons to weigh.

Sole Proprietorship

A sole proprietorship is the simplest, with pass-through taxation. However, the owner is personally liable for debts and lawsuits. This substantial risk makes a sole proprietorship ill-advised for wedding planners.

Partnership

Forming a general partnership allows multiple owners to share control. However each partner is also personally liable for the actions of the other, and partnerships can be complex to establish and dissolve.

Limited Liability Company (LLC)

A limited liability company (LLC) provides personal liability protection like a corporation without double taxation. Profits and losses pass through to the owners’ tax returns.

LLCs also allow tremendous flexibility. Wedding planners can start as sole owners and easily add members later. Overall, an LLC offers the best pass-through taxation benefits and liability protections for this industry.

Corporation

C-corporations limit owner liability but have complex regulations, including double taxation of profits. An S-corporation offers pass-through taxation but limits ownership to 100 shareholders. Unless wedding planners plan to raise funding and issue stock down the road, an LLC remains preferable over incorporating.

5. Register Your Business For Taxes

Once you form your wedding planning LLC, the next vital legal step is obtaining an Employer Identification Number (EIN) from the IRS.

An EIN acts like a social security number for your business. It uniquely identifies your company for tax and reporting purposes.

While sole proprietors can use their SSNs, having an EIN is crucial for liability protection with an LLC. It also allows you to easily open business bank accounts and apply for any required licenses and permits.

The good news is applying for an EIN is free and fast directly through the IRS website.

Simply go to IRS.gov and navigate to the EIN Assistant. Answer a few questions about your LLC and owners.

The site will then provide your EIN immediately. The whole process typically takes under 10 minutes.

Just be sure to have your LLC documentation handy. The IRS will ask for your official name, address, and filing date.

You’ll also need to provide owner information, including legal name, SSN, and address. For multiple-member LLCs, list the primary owner first.

Once you have your EIN, submit it when applying for any business licenses, permits, bank accounts, and insurance plans required in your state and county.

You’ll also need to set up tax accounts with state agencies to collect and remit any sales tax on your services. Registering for sales tax certificates is typically done through your state revenue or taxation department website and incurs minimal fees.

6. Setup Your Accounting

As a busy wedding planner, it can be tempting to put bookkeeping and accounting on the back burner. But meticulous financial records are crucial right from the start.

Accounting Software

After each event or consultation, log all income and expenses – from venue deposits to flower arrangements. Using accounting software like QuickBooks can automate the categorization and tracking as transactions flow through your business bank account and credit card.

Hire an Accountant

Consider partnering with an accountant from the outset. For roughly $300-$500 per month, an accountant can handle tasks like monthly reconciliation and bookkeeping, freeing you to focus on events.

At tax time, your accountant can prepare and file returns, guide tax planning, and assist if you ever face an audit. Expect fees of $1,000 or more for annual tax prep. But armed with meticulous records, your likelihood of audit decreases.

Open a Business Bank Account

To simplify accounting, establish a dedicated business bank account and credit card. Reserve your finances for non-business spending. Cleanly separating expenses avoids commingling funds and eases reporting.

Apply for a Business Credit Card

Apply for a business credit card to keep wedding-related spending separate. Issuers will request your EIN and business documentation to determine approval and credit limits.

7. Obtain Licenses and Permits

Starting a wedding planning company involves more than just forming a legal business entity. Check the U.S. Small Business Administration for federal licensure. The SBA also offers insight into state and city permits through its local search tool.

First, secure a general business license from your city or county. These licenses allow businesses to operate within a jurisdiction and levy annual fees based on company size and industry. In some areas, a home occupation permit may be required if you’ll work from home. Expect to pay $50-$500 for these basic permissions.

Next, many regions mandate that wedding planners carry a surety bond of $5,000-$25,000 or more to protect clients financially in case of disputes or failure to provide services. Shop specialty brokers to find an affordable premium.

If you plan to sell any food or beverages during planning sessions or at events, a food handling permit is also often compulsory. These ensure proper food safety precautions are implemented. County health departments oversee the application process.

States with sales tax will require wedding planners to complete tax registration. You’ll need to charge applicable state and local sales tax on your services and remit collected amounts periodically. Fines can result in non-compliance.

Some regions mandate that wedding pros carry commercial auto insurance if they utilize vehicles for business purposes. Make sure your policy covers any accidents that occur during client meetings or events.

8. Get Business Insurance

Even with an LLC, wedding planners face substantial risks from disputes, accidents, natural disasters, and other losses. Having proper insurance coverage is crucial to protect your company should the unthinkable occur.

For example, imagine a reception venue unexpectedly closes before a booked event. Without event cancellation insurance, you could face six-figure out-of-pocket costs. Or what if a client slips and falls at a wedding, threatening to sue you? Liability insurance can be a lifesaver.

Other risks like lost deposits, vendor no-shows, contract disputes, and damaged equipment can also spell financial disaster without insurance to reimburse you.

To get covered, start by speaking with business insurance brokers like CoverWallet .

Describe your business model, location, number of events, liability risks, and assets. They will tailor a policy with key protections like general liability, event/weather cancellation, equipment coverage, and more.

9. Create an Office Space

Having a professional office space lends credibility when meeting with clients and provides room to handle the administrative aspects of orchestrating events. But the right option depends on your budget and workflow.

Home Office

A dedicated home office works for sole planners. Expect costs of $100-$500 for basic furniture and upgrades like soundproofing. The ability to deduct mortgage and utility costs helps offset taxes. However, hosting clients in your residence may seem less official.

Coworking Office

Coworking spaces like WeWork offer stylish, modern locales to meet clients starting at $300-$600 monthly. Open layouts facilitate collaborating with other small business owners too. However, you’ll lack private office space and the flexibility of being home.

Retail Office

For planners working closely with retail vendors, securing space in a bridal shop or event venue can provide built-in referrals. Renting a few hundred square feet would run $800-$2,000 monthly. But retail spaces limit flexibility if you change focus.

Commercial Office

Leasing traditional office space in a business complex enables branding your suite as your own. Expect monthly rents of $1,000-$5,000 based on location, size, finishes, and terms. Hiring staff is easier with dedicated space but costs are higher.

10. Source Your Equipment

From decor to technology, wedding planners need certain equipment to successfully coordinate events. Here are the top options to acquire the necessary items for your new company:

For the latest models and reliability, purchase new equipment from retailers like B&H , Amazon Business , and WebstaurantStore . Invest in a fast computer, high-quality printer, long-range walkie-talkies, and wireless microphones to start. Expect costs of $1,500-$5,000 to outfit your office.

Save substantially by buying gently used equipment from other planners or vendors. Check industry forums, Craigslist, Facebook Marketplace, and eBay for reliable deals on printers, lighting, furniture, and AV equipment. Budget $500-$2,000 for essentials.

Rather than buying specialty items like chiavari chairs or tenting, renting allows flexibility. Platforms like RentMyWedding and Rentals Unlimited offer everything from linens to lounge furniture, with free delivery. Pay per rental with no long-term commitment.

Leasing business technology through companies enables access to new equipment annually with maintenance included. While monthly fees add up, you avoid large upfront costs. Use leasing for key tech like computers, printers, and photo booths you want to update regularly.

11. Establish Your Brand Assets

Crafting a strong brand is crucial for wedding pros to stand out in a crowded market. By investing in branded assets upfront, couples instantly recognize your company as professional, polished, and trustworthy.

Get a Business Phone Number

Start with an official business phone line using a service like RingCentral . Choose a custom toll-free or local vanity number clients can easily recall.

Design a Logo

Work with a designer to create a memorable logo that captures your brand identity. Outline fonts, colors, and icons you love. Looka makes custom, affordable logos tailored to your vision.

From your logo, develop cohesive brand assets – fonts, colors, patterns, graphics, and photography styles that reinforce your look across platforms.

Print Business Cards

Print professional business cards, folders, and branded welcome packs from Vistaprint . Hand these out at in-person consultations and include them in client welcome gifts. Carry cards at industry networking events.

If securing office space, install external signage so couples can easily locate their workspace for meetings. Match signage font and colors to your logo.

Buy a Domain Name

Register a domain name that aligns with your brand for a custom email address and website. Check availability by searching Namecheap before settling on the perfect name.

Design a Website

Build a stunning website with your branding on platforms like Wix or hire a Fiverr pro to handle development. Showcase photos, packages, and reviews.

12. Join Associations and Groups

Joining regional organizations and online communities provides invaluable connections in the wedding industry. Surround yourself with fellow pros who graciously share advice and referrals.

Local Associations

Seek out established local associations like the Association of Bridal Consultants that offer training programs and networking. Attend association conferences to gain formal instruction and mingle with experienced planners eager to help newcomers. Regional groups also share job leads and vendor recommendations.

Local Meetups

Attend a local wedding or small business meetups and trade shows to make connections. Use Meetup to find regular gatherings of industry peers in your city. Exchange ideas in person and partner with photographers, caterers, and venues eager to work with up-and-coming planners.

Facebook Groups

Dive into Facebook Groups like the Wedding Planning Support Group . In national online groups, glean advice from thousands of planners across the globe. Post questions and browse extensive idea libraries 24/7. Review how other planners handle challenges.

13. How to Market a Wedding Planning Business

Implementing an ongoing marketing strategy is essential for wedding planners to continually attract new clients. While you’ll rely heavily on referrals at first, also focus on digital and traditional tactics to expand your reach and visibility.

wedding consultant business plan

Personal Networking

Leverage your personal and professional network to spread the word that you’ve launched a wedding planning company. Offer discounts to early customers who provide testimonials and referrals. One glowing recommendation on your website or reviews can influence many couples.

Digital Marketing

For digital marketing:

  • Run Google Ads campaigns so your services appear at the top when local couples search for wedding planners. Target keywords like “affordable wedding planner [your city].”
  • Create Facebook and Instagram ads showcasing your services. Target newly engaged demographics and location. Feature great photos of events you coordinate.
  • Start a YouTube channel sharing wedding planning tips and vendor spotlights. Include a strong call-to-action to subscribe and book you.
  • Write blog posts about wedding trends and planning advice. Optimize posts for SEO by including relevant keywords couples search for.
  • Send email newsletters with wedding inspiration, vendor sales, and promotional offers to stay top of mind. Provide value and specials to subscribers.

Traditional Marketing

For traditional marketing:

  • Design professional flyers and menus to display at local bridal shops, florists, venues, etc.
  • Partner with venues, photographers, caterers, and bakeries to cross-promote one another. Offer referral fees.
  • Sponsor local bridal shows and events related to weddings. Have an eye-catching booth and network.
  • Advertise on radio stations and podcasts popular with your target brides. Focus ad copy on the experiences you create.
  • For planners with retail space, utilize signage, window displays, and curb appeal to attract foot traffic.

Consistently investing time and budget into marketing expands your visibility and client base. Track results to double down on the most effective tactics over time.

14. Focus on the Customer

Providing an incredible client experience is crucial for wedding planners. Your business depends on referrals and reviews. Just one poor customer service interaction can deter dozens of potential clients. Some ways to improve customer focus as a wedding business include:

  • Respond promptly to all inquiries with thoughtful guidance.
  • Set clients at ease during the planning process, resolving issues quickly.
  • Check in frequently as their big day approaches.
  • On the wedding day itself, ensure everything flows seamlessly behind the scenes.
  • Greet guests with enthusiasm. Resolve any emergencies discreetly without the couple knowing.
  • Post-wedding, follow up to get candid feedback.
  • Send anniversary gifts and incentives for reviews. Deliver photos and videos promptly.
  • Couples have endless planner options for their most important day.
  • For example, notice when a bride seems stressed and provides a shoulder massage.
  • Surprise couples with a favorite bottle of champagne.
  • Handwrite thoughtful notes demonstrating your care.

With close attention and personal touches, you create delightful experiences and invaluable word-of-mouth referrals. Consistently wowing couples must be a top priority.

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April 9, 2024

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Can I just say, if you are here because you searched “how to write a wedding planner business plan”, you need to pat yourself on the back (and possibly pour yourself a celebratory cocktail). I know that when you set your sights on building a wedding planning business, writing a wedding planner business plan wasn’t exactly what you had in mind (be honest – it was the pretty pictures and the cake tastings).

However, if you want to run a “successful” wedding business (whatever success looks like to you – we will talk about that later!), writing a business plan is one of the most important things you can do. 

As you commit to reading this blog post and writing a business plan for your wedding business, make it count. If you know me, you know I like to keep things as short and impactful as possible. This business plan should be your north star as you grow your wedding business so although you can always change your mind, it also isn’t something you should rush through.

After all, you're a wedding planner, right? You know how important it is to make a plan and work the plan. Your wedding planning business deserves the time and attention to make it count.

Before you get overwhelmed, take a deep breath and remember: this isn’t Shark Tank . I want you to be intentional here, but if you are not out there looking for investors, the most important part about writing your wedding planner business plan is that it’s good for you.

If at any point you start promising yourself you’ll “start this later”, here are a few tips for moving forward:

  • You don’t need to fill out your business plan in sequential order . I know this might be hard for my fellow type A, enneagram 3’s but you don’t. Start with the parts that excite you (and are most important to you!), and slowly fill in the rest. 
  • Don’t check your grammar or try to use “perfect words”. Remember those free writing exercises in school? Let the ideas flow and don’t worry about making them look or sound perfect.
  • Start with bullet points. If you feel a little scattered as you start to free write, or if you are used to bullet journaling, use it. Remember, this doesn’t need to be perfect. These bullet points can always be fleshed out later but for now, just get those high-level ideas floating around in your brain on paper.
  • You don’t have to finish this all in one sitting . It IS okay to take a break. Just make sure you come back to it so you can give yourself the gift of done (as Jon Acuff would say). Sometimes committing to X amount of words per day is a good place to start.

Can I just say, if you are here because you searched “how to write a wedding planner business plan”, you need to pat yourself on the back (and possibly pour yourself a celebratory cocktail). I know that when you set your sights on building a wedding planning business, writing a wedding planner business plan wasn’t exactly what you had in mind (be honest - it was the pretty pictures and the cake tastings). However, if you want to run a “successful” wedding business (whatever success looks like to you – we will talk about that later!), writing a business plan is one of the most important things you can do. 

As you write your wedding planner business plan, consider these 5 sections: Your Vision, Your Mission & Purpose, Your Ideal Clients, Your Pathway to Profit, and your Attraction & Sales Plan.

I’m going to break down these further below, but can you see already how it’s not too scary? I’m not going to ask you to write a 30-page analysis of your market and competitors here.

We are going to dive into how to write a wedding planner business plan, but your first assignment is downloading my free business plan outline and guide .

Nothing in this post is intended to be hard, and this outline was written to walk you through it step-by-step to keep you focused on what really matters as you write your business plan. You’re about to be busy with ideal clients you love, so let’s not waste any time. The strategies I share in the guide (and below!) are strategies that work .

Got your free outline ? The first step to writing a wedding planner business plan is taking some time to vision cast.

I know how hard it can be to take the time, but I usually recommend setting aside one FULL day in the next week to vision cast for your business. Although I said you don’t have to do these steps in order, I really do recommend this be the first one. After all, we can’t make a plan if we don’t know the destination right?

A successful wedding planner's business plan should look a little different to everyone. Maybe your dream is to build an empire with 100+ associate planners across the country. Or, maybe you have your sight set on moving to a little island like Barbados (make sure to say hi!), and you want a business plan that will let you plan dreamy luxury weddings but also give you time to enjoy a little bit of that beach laptop life. I tell the women in my mastermind all the time: bigger is not always better. You can make just as much money running a boutique wedding planning company, taking only a few weddings per year, as you can running a volume-based wedding business booking day-of coordination packages every weekend.

Once you know the destination, we can start building your wedding planner business plan to help you get there.

As you write your wedding planner business plan, include your mission, vision, and purpose.

Despite what you might think, these don’t need to sound pretty. They don’t need to be plastered on your website or client-facing at all. All you need to consider when writing your mission, vision, and purpose is that they are clear and inspiring to you. 

Not sure which is which and what each statement should include? Here’s a quick summary I like to use so that you don’t get stuck on this:

  • Your mission should focus on how you help solve your customer’s problems: what do you do? How do you do it? Who do you do it for? What value do you bring?
  • Your vision statement should be a reflection of what life looks like for your customers after you’ve done what you do.
  • Your purpose statement should combine both your mission and vision statements into one short and impactful statement that explains why you exist.

You’ll notice that not much of this is actually about YOU (that’s why vision casting was so important). Although these statements don’t need to be client-facing, they will likely be something you share as you grow your team one day. 

Can I just say, if you are here because you searched “how to write a wedding planner business plan”, you need to pat yourself on the back (and possibly pour yourself a celebratory cocktail). I know that when you set your sights on building a wedding planning business, writing a wedding planner business plan wasn’t exactly what you had in mind (be honest - it was the pretty pictures and the cake tastings). However, if you want to run a “successful” wedding business (whatever success looks like to you – we will talk about that later!), writing a business plan is one of the most important things you can do. 

Next, one of the most important parts of your wedding planner business plan is outlining your ideal clients. Exactly who do you want to serve?

I’m going to try not to jump on my soapbox about this, but I have to be honest with you guys: the number one reason why businesses fail is that they don’t know who their customers are. This is arguably one of the most important sections when we talk about how to write your wedding business plan.

If your ideal client is someone in their mid-30s who is a busy professional with more money than time, a big budget for their wedding, and frequently drinks Starbucks and shops at JC Penney, I have news for you…

There’s a really good chance that you don’t know who you are talking to either.

You need to know so much more than where they like to vacation (or whatever else other wedding industry experts are saying nowadays). You need to think about what they value and what their biggest problems are.

Want a little (a lot) of help getting this right? Jump inside the Client Cocktail : your mini-course (read: fast & actionable) on ideal clients. We cover repelling the customers you don’t want, attracting the ones you do, selling them on YOU once they notice you, and then serving them really really well.

(it’s only $47, by the way, and it includes the world’s best rum punch recipe)

As you start to write your wedding planner business plan, let me remind you: you get to decide who you want to work with. You don’t need to serve everyone, and in fact, you shouldn’t. Although you might be tempted to pay attention to the demographics (and how much money they make), I want to make sure you also dive deep into their values and their problems. You don’t want to work with the kind of clients who don’t value what you value. 

Now, let’s talk about why you started your wedding planner business in the first place: to profit. Building your Pathway to Profit is one of the ways we will make your wedding planner business plan a reality.

Again I want to remind you that you are in the driver’s seat. Not only do you get to decide who you want to work with, but you also get to decide what products and services you want to offer in order to solve their problems.

As a business coach for wedding planners, I see this all the time. Don’t want to offer design? Don’t! Feeling burnt out with day-of coordination clients? You don’t need to offer anything you don’t want to in order to run a profitable and successful wedding planning business (and in fact – I break down the pros and cons of offering day-of coordination as just one example here ).

First, think about what kind of products and services your customer really wants that also line up with what you want to offer (and the life you want to live). This is why knowing your ideal clients is so important. What do they value most (and therefore, are willing to pay a higher price for)?

Pricing is more of an art than a science, but in your wedding planner business plan, you need to list out the services you really want to offer. Remember: focus on what you want. There is no room for your scarcity mindset in your business plan. If you want a little more info on setting your pricing, you can always check out this post here.

Can I just say, if you are here because you searched “how to write a wedding planner business plan”, you need to pat yourself on the back (and possibly pour yourself a celebratory cocktail). I know that when you set your sights on building a wedding planning business, writing a wedding planner business plan wasn’t exactly what you had in mind (be honest - it was the pretty pictures and the cake tastings). However, if you want to run a “successful” wedding business (whatever success looks like to you – we will talk about that later!), writing a business plan is one of the most important things you can do. 

Lastly – at least for now – we need to create your sales plan. This is what turns your wedding planner business plan into reality.

Ready for the more actionable stuff? Feeling excited by all we have put together so far? Good! Now we are ready to make everything you have done so far into a realistic, achievable plan. I like to break this down into two parts: your attraction plan (marketing!), and your sales plan.

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1) Your Attraction (Marketing) Plan

Everyone and their dog has something to say about marketing, but you’ll notice this really is only one small part of your wedding planner business plan. Marketing experts are the noisiest, and marketing IS important, but chances are you’ve given it a lot more attention than needed. Listen, marketing is not just about Pinterest and Instagram. At its core, marketing is just spreading your message to the people who need what you have to offer. You already know who those people are, right? If you are still unclear, please do yourself a favor and grab my client cocktail. 

As you build your marketing plan, you have a chance to do a little market research. As you consider where you want to focus your marketing efforts (for now, less is more), ask yourself:

  • Where do I like to show up?
  • Where are my ideal customers searching for my services?
  • How can I show them that I can solve their problems?
  • Where are my competitors showing up? What seems to be working for them? 

Marketing is ultimately one big experiment, so although you want to spend some time here, this is a place you might need to pivot as algorithms change and marketing trends evolve. One promise though: it’s a lot easier than it looks.

2) Your Sales Plan

You’ve got your ideal customers’ attention, now how do you get the sale? Both now and in the future? How do we make sure you are building a profitable and sustainable business? Wedding planning can be stressful! In fact, it’s often voted one of the most stressful jobs in the world. How do we avoid burnout? How do we make sure our business plan is viable?

First, start with a SWOT analysis. I know this can sound a little technical and boring, but really I just want you to take a look at yourself (and the wedding industry where you want to serve), and ask yourself:

  • What are my strengths?
  • What are my weaknesses?
  • In my area, where are the biggest opportunities?
  • What are the biggest threats/challenges you might face?

I always say: look at your competition but don’t base your business plan on them. There is a big difference between being aware of those around you and being consumed by them. Don’t fall into the comparison trap, if you have read this far, you are ready to build a business that lasts (and works for YOU).

Okay – that was a lot! Need help with how to write your business plan? If you haven’t grabbed your free wedding planner business plan outline and guide yet, make sure to grab your copy here.

Explore more wedding industry resources.

  • 5 Tips On Crafting a Business Plan To Book Out Your Biz With Your Ideal Clients And Get Paid
  • What A Business Plan Will REALLY Reveal About Your Business
  • How to Start a Wedding Planning Business
  • The Secret to Designing a Business You Love: How To Vision Cast For Your Biz – And Why You Need To
  • How Much Does It Cost to Become a Wedding Planner?
  • Top 5 Blogging Tips For Wedding Pros in 2022
  • How Much Should You Charge As A Wedding Planner? Learn How To Figure Out Your Wedding Planner Pricing
  • 5 Online Wedding Planning Tools You Need to Use
  • How To Become A Wedding Planner With No Experience

For More Wedding Planner Business Secrets Follow Me On Instagram

Are your ideal clients changing? Is it possible that they don’t even EXIST anymore? This is the time of year where so many of us take a long hard look at our businesses and make decisions about the future year. You’re probably already starting to think about what you want to revamp and change in your business in 2025 so you can work with better clients. That’s why I brought in brand designer and ICA expert, Amanda Shuman of @carrylovedesigns to talk about how your ideal client is changing and what you need to know. One key point we both agree on is how your ideal clients can shift as your business grows. We also talk about the impact of Gen Z clients entering the market and how wedding professionals need to adapt to their preferences, including communication styles. Amanda has YEARS of experience working with wedding pros and brings a really unique and fresh perspective to a topic we’ve talked about a lot. I can’t wait for you to hear more of her ideas and how you can prepare your business to make shifts and pivots in 2025. She’s also hosting an open house for wedding pros tomorrow who want to learn more about how they can revisit their brand. Comment 146 below and I’ll send you a link to listen to the episode and more details about the open house! #thepowerinpurposepodcast #powerinpurpose #candicecoppola #wedingindustry #weddingpros #weddingpro #weddingpodcast #weddingindustryeducation #weddings #weddingeducation #weddingproinsiders

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New podcast cover art has landed! 🎉🎉🎉 Thanks to all for your votes and enthusiasm about our podcast rebrand. It was a hard choice (@nicoleayang designed some really dope options!), but I kept coming back to this one over and over! I have some really exciting things in store for you on the show as we celebrate six years of The Power in Purpose. Stay tuned for our first surprise - revealed next week!! #podcast #powerinpurpose #powerinpurposepodcast #candicecoppola #weddingindustry #weddingpro #weddingpros #weddingceo #weddingindustryexperts #weddingindustrypodcast #weddingbusiness

It’s no secret that I love COLOR! I have a ton of colors in my brand - and I interchange them based on my mood and how I’m feeling. I guess you could say my brand is kinda like a mood ring?? I love bright bold colors, I love subdued colors, I even love the absence of color. So it really confused the HECK outta me that some wedding pros think you can’t play with color in your brand - or that if you use bright/bold colors in your branding you’re not LUXURY HIGH END COOL SOPHISTICATED RICH Well, I disagree! And so does Hermes!!! And so does my guest this week - @emilyfostercreative - who joins me to talk about branding, color, and what it means to be luxury in the wedding industry. We talk about how BLENDING IN and following what everyone else is doing in the luxury market is making you look CHEAP *gasp* and how you can embrace COLOR in your brand. It’s a fantastic freaking episode, and you need it in your life! Comment the word COLOR below and I’ll send you the link. Also share with me, what’s color would you LOVE to use in your brand that you’ve been hesitant to try? Also shoutout to the colorful @c10ike who art directed the shit out of my new colorful brand shoot. #weddingpros #weddingindustry #colorfulbranding #weddingpodcast #weddingindustryexperts #weddingindustrycoach #brandingstrategy #weddingpro #candicecoppola #powerinpurpose #powerinpurposepodcast #emilyfoster #weddingbranding #weddinginfluencer #weddingindustrybranding

Leave me alone 💀😂 #podcaster #podcasting #podcastmemes #lifeofapodcaster #candicecopppla #podcastersofinstagram #podcasts #podcastinglife #podcastpitching

Leave me alone 💀😂 #podcaster #podcasting #podcastmemes #lifeofapodcaster #candicecopppla #podcastersofinstagram #podcasts #podcastinglife #podcastpitching

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Looking for a wedding planner course? As a fellow course junkie, I know how powerful investing in your education can be in your business. And I'm proud of you for looking into resources to grow your wedding planning business. It's important to seek out guidance to help fast-track your results! Let's be honest - google will only get you so far. But do you really need another wedding planning course to get your business off the ground or to take your existing wedding planning business to the next level? And how do you decide which wedding planner course to buy?

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Podcast show notes.

Inside this article, I'm sharing with you how to go from side hustle to full time wedding planner. Whether you love your day job or not, working while building a business is pretty damn exhausting. And almost every side hustling wedding planner I know is longing for the day they can quit their job and go full time! Here are the steps you need to take to go full time with your wedding planning business.

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Each week, we explore how to build a profitable business with purpose—and the stories behind successful entrepreneurs who have. Get ready to dig in and have meaningful conversations about business and life, as we explore the strategies and techniques that build the kind of business you want. 

Let's mix you up a business cocktail that is equal parts strategy, purpose, and fun. Join me each week on my podcast where I break down business strategy.

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Wedding Planner Pricing: How Much Should You Charge As A Wedding Planner? Learn How To Figure Out Your Price

As a wedding planner, should you offer day of coordination or month of coordination to your list of wedding planning services? Its a question that gets asked often–and I have big opinions on it. Inside this article, we're going to talk about whether day of coordination is the right service to offer in your wedding planning business. Ready to discuss the pro's and con's?

Day of Coordination: The Pros And Cons As A Wedding Planner

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25 Steps to Start Your Wedding Planning Business

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Confidently start your wedding planning business with this comprehensive guide and worksheets. 25 Steps to Start Your Wedding Planning Business guidebook includes each step necessary to start your own wedding planning business. This 70+ page guidebook and business plan template are perfect for aspiring wedding planners who are ready to start their own business.

Start your wedding planning business on the path to success today!

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A 70-page comprehensive guidebook

Written by Debbie Orwat, Founder + Chief Inspiration Officer at Planner’s Lounge. Topics covered include naming your business tips, legal entities available, what to consider when choosing your advisory board, trademarks, resources for creating your first website, bookkeeping guidance when starting out, branding basics for new wedding planners, pricing and service offerings when starting out, what you need to know about social media, how to get paid by clients, and much more! Not only does the guide go through the details on how to start your business, it includes personal experiences plus links to more than 30 additional resources and recommendations. Click here to see the full table of contents

Basic business plan template specific for wedding and event planners

This isn’t your typical 50-page grueling business plan for a business that requires investors or loans. It’s a simple nine-page plan that covers the important topics for aspiring wedding business owners.

A one-page summary checklist

Use this to keep track of your to-do list as you go through the 25 steps in the guide.

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"it gets you started off on the path to success!"

“This guide takes all the mystery and headaches out of trying to figure out what needs to be done before you take your first client. It gets you started off on the path to success.”

"one of the best initial investments you'll make!"

“This guide truly guides you through all the essential components. (Plus some stand-out extras!) Complimenting the abundance of helpful information, this guide is not only beautiful, but it’s easy to digest. If you’re on the brink of leaping into your passion-turned-business, this will be one of the best initial investments you’ll make. Go on – make your first step! You can do it with this guide! This is a gift to the up-and-coming wedding and events industry entrepreneurs!”

"an all-in-one resource that planners can refer to often!"

“It’s an all-in-one resource that planners can refer to often. I wish I had this e-book when I started my business 5 years ago. I will be sure to refer to it often now to help me with my business! It’s concise and easy to read, yet extremely detailed. With this e-book, you will have many tools of the trade to get on your feet, stay organized, and succeed in the industry.”

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The 25 Steps to Start Your Wedding Planning Business product is fully electronic. After purchasing, you will receive immediate access to download all of the files to start using today.

Yes, the files are compatible with both PC’s and Mac computers. After your purchase, you will receive a link to download a zipped file which is a compressed file that contains all of the included files. Open the zipped file on a computer to access the files which can then be used on your computer, tablet, or phone.

If you are not completely satisfied, we offer a 7-day money-back guarantee with no questions asked. Click here to see the full table of contents.

There are a few sections of this guide that are only relevant for U.S. based businesses. For example, the links for where to file your business name, what U.S. banks require to open a business account, and U.S. trademarks won’t apply to you. However, the processes in this guide are the same steps you would use to start a business in most countries and would be helpful no matter where you live. There is a 7-day money-back guarantee if you aren’t fully satisfied.

One-on-one coaching is an ideal way to get personalized professional guidance to start your wedding and event planning business. You can find more information for one-on-one coaching here .

Please save the product files to a safe location immediately after your purchase. We recommend using Google Drive or Dropbox for free online storage. You can also download the zip file and email it to yourself, then keep that email for future use. We do not reissue files or links for the 25 Steps to Start Your Wedding Planning Business product.

Yes, this guide would work well for anyone wishing to start a business in the wedding industry. The two sections in the guide that won’t apply to you are related specifically to services and pricing for planners and to managing client tasks as a wedding planner.

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How to Start a Wedding Planning Business

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Starting a wedding planning business can be very profitable. With proper planning, execution and hard work, you can enjoy great success. Below you will learn the keys to launching a successful wedding planning business.

Importantly, a critical step in starting a wedding planning business is to complete your business plan. To help you out, you should download Growthink’s Ultimate Business Plan Template here .

Download our Ultimate Business Plan Template here

14 Steps To Start a Wedding Planning Business :

  • Choose the Name for Your Wedding Planning Business
  • Develop Your Wedding Planning Business Plan
  • Choose the Legal Structure for Your Wedding Planning Business
  • Secure Startup Funding for Your Wedding Planning Business (If Needed)
  • Secure a Location for Your Business
  • Register Your Wedding Planning Business with the IRS
  • Open a Business Bank Account
  • Get a Business Credit Card
  • Get the Required Business Licenses and Permits
  • Get Business Insurance for Your Wedding Planning Business
  • Buy or Lease the Right Wedding Planning Business Equipment
  • Develop Your Wedding Planning Business Marketing Materials
  • Purchase and Setup the Software Needed to Run Your Wedding Planning Business
  • Open for Business

1. Choose the Name for Your Wedding Planning Business

The first step to starting a wedding planning business is to choose your business’ name.  

This is a very important choice since your company name is your brand and will last for the lifetime of your business. Ideally you choose a name that is meaningful and memorable. Here are some tips for choosing a name for your own wedding planning business:

  • Make sure the name is available . Check your desired name against trademark databases and your state’s list of registered business names to see if it’s available. Also check to see if a suitable domain name is available.
  • Keep it simple . The best names are usually ones that are easy to remember, pronounce and spell.
  • Think about marketing . Come up with a name that reflects the desired brand and/or focus of your wedding planning business.

2. Develop Your Wedding Planning Business Plan

One of the most important steps in starting a wedding planning business is to develop your wedding planning business plan . The process of creating your plan ensures that you fully understand your market and your business strategy. The plan also provides you with a roadmap to follow and if needed, to present to funding sources to raise capital for your business.

Your business plan should include the following sections:

  • Executive Summary – this section should summarize your entire business plan so readers can quickly understand the key details of your wedding planning business.
  • Company Overview – this section tells the reader about the history of your wedding planning business and what type of event planning business you operate. For example, are you a full-service wedding planner, partial-service planner, or a day-of coordinator?
  • Industry Analysis – here you will document key information about the wedding planning industry. Conduct market research and document how big the wedding industry is and what trends are affecting it.
  • Customer Analysis – in this section, you will document who your ideal or target customers are and their demographics. For example, how old are they? Where do they live? What do they find important when purchasing services like the ones you will offer?
  • Competitive Analysis – here you will document the key direct and indirect competitors you will face and how you will build competitive advantage.
  • Marketing Plan – your marketing plan should address the 4Ps: Product, Price, Promotions and Place.
  • Product : Determine and document what products/services you will offer 
  • Prices : Document the prices of your products/services
  • Place : Where will your business be located and how will that location help you increase sales?
  • Promotions : What promotional methods will you use to attract customers to your wedding planning business? For example, you might decide to use pay-per-click advertising, public relations, search engine optimization and/or social media marketing.
  • Operations Plan – here you will determine the key processes you will need to run your day-to-day operations. You will also determine your staffing needs. Finally, in this section of your plan, you will create a projected growth timeline showing the milestones you hope to achieve in the coming years.
  • Management Team – this section details the background of your company’s management team.
  • Financial Plan – finally, the financial plan answers questions including the following:
  • What startup costs will you incur?
  • How will your wedding planning business make money?
  • What are your projected sales and expenses for the next five years?
  • Do you need to raise funding to launch your business?

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3. choose the legal structure for your wedding planning business.

Next you need to choose a legal structure for your own wedding planning business and register it and your business name with the Secretary of State in each state where you operate your business.

Below are the five most common legal structures:

1) Sole proprietorship

A sole proprietorship is a business entity in which the owner of the wedding planning business and the business are the same legal person. The owner of a sole proprietorship is responsible for all debts and obligations of the business. There are no formalities required to establish a sole proprietorship, and it is easy to set up and operate. The main advantage of a sole proprietorship is that it is simple and inexpensive to establish. The main disadvantage is that the owner is liable for all debts and obligations of the business.

2) Partnerships

A partnership is a legal structure that is popular among small business owners. It is an agreement between two or more people who want to start a wedding planning business together. The partners share in the profits and losses of the business. 

The advantages of a partnership are that it is easy to set up, and the partners share in the profits and losses of the business. The disadvantages of a partnership are that the partners are jointly liable for the debts of the business, and disagreements between partners can be difficult to resolve.

3) Limited Liability Company (LLC)

A limited liability company, or LLC, is a type of business entity that provides limited liability to its owners. This means that the owners of an LLC are not personally responsible for the debts and liabilities of the business. The advantages of an LLC for a wedding planning business include flexibility in management, pass-through taxation (avoids double taxation as explained below), and limited personal liability. The disadvantages of an LLC include lack of availability in some states and self-employment taxes.

4) C Corporation

A C Corporation is a business entity that is separate from its owners. It has its own tax ID and can have shareholders. The main advantage of a C Corporation for a wedding planning business is that it offers limited liability to its owners. This means that the owners are not personally responsible for the debts and liabilities of the business. The disadvantage is that C Corporations are subject to double taxation. This means that the corporation pays taxes on its profits, and the shareholders also pay taxes on their dividends.

5) S Corporation

An S Corporation is a type of corporation that provides its owners with limited liability protection and allows them to pass their business income through to their personal income tax returns, thus avoiding double taxation. There are several limitations on S Corporations including the number of shareholders they can have among others.

Once you register your own business, your state will send you your official “Articles of Incorporation.” You will need this among other documentation when establishing your banking account (see below). We recommend that you consult an attorney in determining which legal structure is best suited for your company.

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Not only does BusinessRocket have a 4.9 out of 5 rating on TrustPilot (with over 1,000 reviews) because of their amazing quality…but they also guarantee the most affordable incorporation packages and the fastest processing time in the industry.

4. Secure Startup Funding for Your Wedding Planning Business (If Needed)

In developing your wedding planning business plan , you might have determined that you need to raise funding to launch your business. 

If so, the main sources of funding for a wedding planning business to consider are personal savings, family and friends, credit card financing, bank loans, crowdfunding and angel investors. Angel investors are individuals who provide capital to early-stage businesses. Angel investors typically will invest in a wedding planning business that they believe has high potential for growth.

5. Secure a Location for Your Business

When looking for a location for your new business, it’s important to think about the needs of your customers. You’ll want a space that is big enough to accommodate your staff and clients with adequate parking and public transportation. You’ll also want a neighborhood that is safe and convenient for your clients.

6. Register Your Wedding Planning Business with the IRS

Next, you need to register your business with the Internal Revenue Service (IRS) which will result in the IRS issuing you an Employer Identification Number (EIN).

Most banks will require you to have an EIN in order to open up an account. In addition, in order to hire employees, you will need an EIN since that is how the IRS tracks your payroll tax payments.

Note that if you are a sole proprietor without employees, you generally do not need to get an EIN. Rather, you would use your social security number (instead of your EIN) as your taxpayer identification number.

7. Open a Business Bank Account

It is important to establish a bank account in your wedding planning business’ name. This process is fairly simple and involves the following steps:

  • Identify and contact the bank you want to use
  • Gather and present the required documents (generally include your company’s Articles of Incorporation, driver’s license or passport, and proof of address)
  • Complete the bank’s application form and provide all relevant information
  • Meet with a banker to discuss your business needs and establish a relationship with them

8. Get a Business Credit Card

You should get a business credit card for your wedding planning business to help you separate personal and business expenses.

You can either apply for a business credit card through your bank or apply for one through a credit card company.

When you’re applying for a business credit card, you’ll need to provide some information about your business. This includes the name of your business, the address of your business, and the type of business you’re running. You’ll also need to provide some information about yourself, including your name, Social Security number, and date of birth.

Once you’ve been approved for a business credit card, you’ll be able to use it to make purchases for your business. You can also use it to build your credit history which could be very important in securing loans and getting credit lines for your business in the future.

9. Get the Required Business Licenses and Permits

Licenses and permits that are typically required to start a wedding planning business include a business license and a zoning permit. In some cases, you may also need a contractor’s license or a special event permit.

Contact your local municipality to find out if there are any other licenses or permits you need to operate your business.

10. Get Business Insurance for Your Wedding Planning Business

The type of insurance you need to operate a wedding planning business will depend on the services provided. 

Some business insurance policies you should consider for your wedding planning business include:

  • General liability insurance : This covers accidents and injuries that occur on your property. It also covers damages caused by your employees or products.
  • Workers’ compensation insurance : If you have employees, this type of policy works with your general liability policy to protect against workplace injuries and accidents. It also covers medical expenses and lost wages.
  • Commercial property insurance : This covers damage to your property caused by fire, theft, or vandalism.
  • Business interruption insurance : This covers lost income and expenses if your business is forced to close due to a covered event.
  • Professional liability insurance : This protects your business against claims of professional negligence.

Find an insurance agent, tell them about your business and its needs, and they will recommend policies that fit those needs. 

11. Buy or Lease the Right Wedding Planning Business Equipment

You will need a computer with reliable internet access to create a website and research wedding planning ideas. You will also need a phone or email account to communicate with clients. Additionally, you will need access to a printer to print out contracts, flyers, and other wedding planning materials.

12. Develop Your Wedding Planning Business Marketing Materials

Marketing materials will be required to attract and retain customers to your wedding planning business.

The key marketing materials you will need are as follows:

  • Logo : Spend some time developing a good logo for your wedding planning business. Your logo will be printed on company stationery, business cards, marketing materials and so forth. The right logo can increase customer trust and awareness of your brand.
  • Website : Likewise, a professional wedding planning business website provides potential customers with information about the services you offer, your company’s history, and contact information. Importantly, remember that the look and feel of your website will affect how customers perceive you.
  • Social Media Accounts : establish social media accounts in your company’s name. Accounts on Facebook, Twitter, LinkedIn and/or other social media networks will help customers and others find and interact with your wedding planning business.

13. Purchase and Setup the Software Needed to Run Your Wedding Planning Business

There are various software programs you need to be a successful wedding planner. You’ll need accounting software to trace your expenses and income and project management software to track your progress on individual weddings. You may also find it helpful to use a customer relationship management (CRM) system to keep track of your clients and their contact information. Finally, you may want a good email marketing program to stay in touch with your clients and keep them up to date on your latest offerings.

14. Open for Business

You are now ready to open your wedding planning business. If you followed the steps above, you should be in a great position to build a successful business. Below are answers to frequently asked questions that might further help you.

How to Finish Your Ultimate Business Plan in 1 Day!

Don’t you wish there was a faster, easier way to finish your wedding planning business plan?

With Growthink’s Ultimate Business Plan Template you can finish your plan in just 8 hours or less!

How to Start a Wedding Planning Business FAQs

Is it hard to start a wedding planning business.

It is not hard to start a wedding planning business. In fact, there are many resources available to help you. The most important thing is to have a clear vision for your business and be organized and efficient in your planning.

How can I start a wedding planning business with no experience?

One way to start a wedding planning business with no experience is to do some research on the industry. Learn as much as you can about the services people typically look for when planning their weddings, and what kind of pricing structure to use. You can also join online groups for wedding professionals, network with other wedding planners, and read articles about the topic.

What type of wedding planning business is most profitable?

There are many types of wedding planning businesses, but the most profitable type is the full-service business. This type of business offers a wide range of wedding planning services, from wedding planning and coordination to catering and floral arrangements. They typically cost more than other types of wedding planning businesses, but they also generate the most revenue.

How much does it cost to start a wedding planning business?

The cost of starting a wedding planning business will vary depending on the size and scope of your business, as well as the location. Generally, you can expect to spend somewhere between $5,000 and $10,000 to get your business off the ground.

What are the ongoing expenses for a wedding planning business?

The ongoing expenses for a wedding planning business include things like marketing, salaries, and office supplies. Wedding planners often need to market their services to attract new clients, so they may need to invest in advertising and website design. Salaries can be another significant expense for wedding planners, especially if they have a team of employees. Wedding planners need to be aware of all the costs associated with their business to stay profitable.

How does a wedding planning business make money?

Successful wedding planners make a commission from wedding service providers for referring them to weddings. They also make money by charging the bride and groom a fee for their services. Additionally, they may earn money from selling wedding planning products.

Is owning a wedding planning business profitable?

Yes, owning a wedding planning business can be profitable. One reason is that the demand for wedding planners is high, as couples want to ensure that their weddings are perfect. Most wedding planners also charge a premium for their services, which results in a good profit. Finally, the wedding industry is growing, which means there is excellent growth potential in the wedding planning business.

Why do wedding planning businesses fail?

One of the main reasons wedding planning businesses fail is because they do not have a clear business plan. In order to be successful, a wedding planning business needs to have a detailed plan that outlines how it will operate, what services it will offer, and how it will attract customers. Without a solid business plan, a wedding planning business is likely to flounder.

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How to Start a Wedding Planning Business in 13 Steps

Written by: Carolyn Young

Carolyn Young is a business writer who focuses on entrepreneurial concepts and the business formation. She has over 25 years of experience in business roles, and has authored several entrepreneurship textbooks.

Edited by: David Lepeska

David has been writing and learning about business, finance and globalization for a quarter-century, starting with a small New York consulting firm in the 1990s.

Published on February 7, 2022

How to Start a Wedding Planning Business in 13 Steps

Investment range

$2,250 - $7,600

Revenue potential

$36,000 - $120,000 p.a.

Time to build

0 – 3 months

Profit potential

$32,000 - $72,000 p.a.

Industry trend

Important reminders for launching your wedding planning business:

  • Meeting space — Set up a professional space to meet with clients, either at your home office, a rented office space, or a co-working location.
  • Building relationships — Establish relationships with reliable vendors, such as caterers, florists, photographers, venues, and entertainment providers. Negotiate favorable terms and discounts to offer competitive pricing to your clients.
  • Vendor management — Create a comprehensive database of preferred vendors, including their services, pricing, and contact information. Maintain good communication and collaboration to ensure seamless event execution.
  • Hire staff — If you plan to scale your business, hire experienced and reliable assistants and coordinators. Look for individuals with a strong background in event planning and excellent customer service skills.
  • Register your business — A limited liability company (LLC) is the best legal structure for new businesses because it is fast and simple. Form your business immediately using ZenBusiness LLC formation service or hire one of the best LLC services on the market.
  • Legal business aspects — Register for taxes, open a business bank account, and get an EIN .
  • Website and online presence — Create a professional website showcasing your services, portfolio, client testimonials, and contact information. Offer online booking options and maintain active social media profiles to engage with potential customers.
  • Partnerships — Build relationships with local businesses, venues, and bridal shops to generate referrals and collaborate on promotional activities.
  • Learn from real entrepreneurs who run a wedding planning business:

Crafting Unique Love Stories: Amber’s Approach to Wedding Planning

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Interactive Checklist at your fingertips—begin your wedding planning business today!

You May Also Wonder:

Is a wedding planning business profitable?

Yes, a wedding planning business can be profitable. You’ll need to market yourself before you start to make money, but once you get some traction, you’ll have very few expenses so most of the money you make will stay in your pocket.

How do I stay organized and manage multiple weddings simultaneously?

To stay organized and manage multiple weddings simultaneously, create a detailed timeline and checklist for each event, and use project management tools and software to track progress and deadlines. Communicate clearly with clients, vendors, and staff, and delegate tasks effectively to ensure that everyone is working towards the same goal.

What are the key skills and qualities needed to become a successful wedding planner?

The key skills and qualities needed to become a successful wedding planner include excellent communication and interpersonal skills, attention to detail, creativity, problem-solving skills, time management, and the ability to work under pressure.

How to differentiate my wedding planning business from competitors in the market?

To differentiate your wedding planning business from competitors in the market, focus on developing a unique brand identity and marketing strategy that highlights your strengths and values. Offer personalized and customized services that cater to the specific needs and preferences of each client, and provide exceptional customer service and support throughout the planning process. 

Can I start wedding planning business on the side?

Yes, you can start a wedding planning business on the side by identifying your target market, developing a service offering and pricing strategy, and creating a strong online presence. Build a portfolio of work samples and showcase your expertise through online marketing and networking. Ensure that you can balance your time and resources effectively between your full-time job and your side business, and consider hiring assistants or coordinators to help with the workload.

wedding planning business idea rating

Step 1: Decide if the Business Is Right for You

Pros and cons.

Starting a wedding planning business has pros and cons to consider before deciding if it’s right for you.

  • Bring Joy to Brides! – Make wedding dreams come true
  • Good Money – Get paid 10% to 20% of the total wedding cost
  • Flexibility – Run the business from home
  • Bridezillas – The wedding day has to be perfect!
  • Weekend Work – Long weekend wedding days

Wedding planning industry trends

Industry size and growth.

wedding planning industry size and growth

  • Industry size and past growth – The US wedding planning industry is valued at just under $900 million. The industry has decreased annually by 7% per year for the last five years but is still big enough to offer opportunities.(( https://www.ibisworld.com/industry-statistics/market-size/wedding-planners-united-states/ ))  
  • Growth forecast – The global wedding services market, which includes planning, is predicted to grow around 5% yearly through 2030.(( https://www.alliedmarketresearch.com/wedding-services-market-A15864 )) 
  • Number of businesses – More than 20,000 wedding planners operate in the US.(( https://www.ibisworld.com/industry-statistics/number-of-businesses/wedding-planners-united-states/ ))
  • Number of people employed – The industry employs more than 25,000 people.(( https://www.ibisworld.com/industry-statistics/employment/wedding-planners-united-states/ ))

Trends and challenges

wedding planning industry Trends and Challenges

Trends in wedding planning include:

  • Wedding themes are being influenced by pop culture, including shows like Bridgerton. 
  • Weddings are becoming increasingly non-traditional, sometimes with “wear what you want” rules. 
  • Unsurprisingly, eco-friendly weddings are trending, with recyclable materials used for as many wedding accoutrements as possible. 

Challenges in the wedding planning industry include:

  • In the wake of the pandemic, people are opting for smaller guest lists, reducing fees for wedding planners.
  • Many online wedding planning sites have popped up, creating new competition for traditional wedding planners.

What kind of people work as wedding planners?

wedding planning industry demographics

  • Gender – 90% of wedding planners in the US are female, while 10% are male.(( https://www.zippia.com/wedding-planner-jobs/demographics/#gender-statistics ))
  • Average level of education – 71% have a bachelor’s degree and 13% hold an associate degree.(( https://www.zippia.com/wedding-planner-jobs/demographics/#degree-level-types ))
  • Average age – The average age of a wedding planner is 37 years old.(( https://www.zippia.com/wedding-planner-jobs/demographics/#age-statistics ))

How much does it cost to start a wedding planning business?

Startup costs for a wedding planning business range from $2,000 to $5,000. The largest costs are for a website and an initial marketing budget.

Start-up CostsBallpark RangeAverage
Setting up a business name and corporation$150 - $200$175
Business licenses and permits$100 - $300$200
Insurance$100-$300$200
Business cards and brochures$200 - $300$250
Website setup$1,000 - $3,000$2,000
Computer$0 - $2,000$1,000
Software$200 - $500$350
Initial marketing budget$500 - $1,000$750
Total$2,250 - $7,600$4,925

How much can you earn from a wedding planning business?

Wedding Planning business earnings forecast

You can charge between 10% to 20% of the total cost of the wedding, for an average of 15%. The average wedding costs $20,000, so you should earn about $3,000 per wedding. Your expenses will be limited, so you should expect a profit margin of about 90%.

In your first year or two, you could work from home and plan 12 weddings, bringing in $36,000 in annual revenue. This would mean over $32,000 in clear profit, assuming that 90% margin. As you begin to get traction and referrals, that could increase to 40 weddings a year. At this stage, you might hire a staff, reducing your profit margin to 60%. With annual revenue of $120,000, you would make a cool $72,000.

What barriers to entry are there?

There are a few barriers to entry for a wedding planning business. Your biggest challenges will be:

  • Having great planning skills
  • Facing competition, particularly from online wedding planning services

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Step 2: hone your idea.

Now that you know what’s involved in starting a wedding planning business, it’s a good idea to hone your concept in preparation to enter a competitive market. 

Market research will give you the upper hand, even if you’re already positive that you have a perfect product or service. Conducting market research is important, because it can help you understand your customers better, who your competitors are, and your business landscape.

Why? Identify an opportunity

Research wedding planning businesses in your area to examine their services, price points, and customer reviews. You’re looking for a market gap to fill. For instance, maybe the local market is missing a wedding planner who handles deliveries to the event.

wedding consultant business plan

You might consider targeting a niche market by specializing in a certain aspect of your industry, such as non-traditional weddings.

This could jumpstart your word-of-mouth marketing and attract clients right away. 

What? Determine your services

Make a list of all the tasks that you will handle for the wedding. You might consider making different packages of services at different price points. 

How much should you charge for wedding planning?

Generally, wedding planners are paid 10% to 20% of the total cost of the wedding. Your expenses will be limited to marketing and fuel for travel. You should aim for a profit margin of about 90%. 

Once you know your costs, you can use our profit margin calculator to determine your mark-up and final price point. Remember, the prices you use at launch should be subject to change if warranted by the market.

Who? Identify your target market

Your target market will be primarily brides and parents of the bride, which makes it a very broad market. You should spread out your marketing to include sites like TikTok, Instagram, and Facebook.

Where? Choose your business premises

In the early stages, you may want to run your business from home to keep costs low. But as your business grows, you’ll likely need to hire workers for various roles and may need to rent out an office. Find commercial space to rent in your area on sites such as Craigslist , Crexi , and Instant Offices .

When choosing a commercial space, you may want to follow these rules of thumb:

  • Central location accessible via public transport
  • Ventilated and spacious, with good natural light
  • Flexible lease that can be extended as your business grows
  • Ready-to-use space with no major renovations or repairs needed

Step 3: Brainstorm a Wedding Planning Business Name

Here are some ideas for brainstorming your business name:

  • Short, unique, and catchy names tend to stand out
  • Names that are easy to say and spell tend to do better 
  • Name should be relevant to your product or service offerings
  • Ask around — family, friends, colleagues, social media — for suggestions
  • Including keywords, such as “wedding planner” or “wedding planning”, boosts SEO
  • Name should allow for expansion, for ex: “Dream Day Planners” over “Vintage Vows Wedding Planning”
  • A location-based name can help establish a strong connection with your local community and help with the SEO but might hinder future expansion

Once you’ve got a list of potential names, visit the website of the US Patent and Trademark Office to make sure they are available for registration and check the availability of related domain names using our Domain Name Search tool. Using “.com” or “.org” sharply increases credibility, so it’s best to focus on these. 

Find a Domain

Powered by GoDaddy.com

Finally, make your choice among the names that pass this screening and go ahead with domain registration and social media account creation. Your business name is one of the key differentiators that set your business apart. Once you pick your company name, and start with the branding, it is hard to change the business name. Therefore, it’s important to carefully consider your choice before you start a business entity.

Step 4: Create a Wedding Planning Business Plan

Here are the key components of a business plan:

what to include in a business plan

  • Executive Summary: Highlight the main goals and strategies of your wedding planning business, focusing on offering personalized, comprehensive wedding coordination services.
  • Business Overview: Describe your business’s focus on planning and organizing weddings, including venue selection, vendor coordination, and event design.
  • Product and Services: Detail the range of services offered, such as full wedding planning, day-of coordination, and consultation services for couples.
  • Market Analysis: Assess the demand for wedding planning services, identifying target markets like engaged couples, wedding venues, or event suppliers.
  • Competitive Analysis: Compare your services to other local wedding planners, focusing on your unique offerings like specialized themes, personalized service, or budget management.
  • Sales and Marketing: Outline your strategy for attracting clients, using methods like bridal shows, social media marketing, or partnerships with wedding vendors.
  • Management Team: Highlight the experience and qualifications of your team, especially in event planning, customer service, and vendor relations.
  • Operations Plan: Describe the operational process of planning weddings, from initial consultations and concept development to execution on the wedding day.
  • Financial Plan: Provide an overview of financial aspects, including startup costs, pricing strategy, and income projections.
  • Appendix: Include supplementary documents such as portfolio photos, client testimonials, or vendor agreements to support your business plan.

If you’ve never created a business plan, it can be an intimidating task. You might consider hiring a business plan specialist to create a top-notch business plan for you.

Step 5: Register Your Business

Registering your business is an absolutely crucial step — it’s the prerequisite to paying taxes, raising capital, opening a bank account, and other guideposts on the road to getting a business up and running.

Plus, registration is exciting because it makes the entire process official. Once it’s complete, you’ll have your own business! 

Choose where to register your company

Your business location is important because it can affect taxes, legal requirements, and revenue. Most people will register their business in the state where they live, but if you are planning to expand, you might consider looking elsewhere, as some states could offer real advantages when it comes to wedding planning businesses. 

If you’re willing to move, you could really maximize your business! Keep in mind, it’s relatively easy to transfer your business to another state. 

Choose your business structure

Business entities come in several varieties, each with its pros and cons. The legal structure you choose for your wedding planning business will shape your taxes, personal liability, and business registration requirements, so choose wisely. 

Here are the main options:

types of business structures

  • Sole Proprietorship – The most common structure for small businesses makes no legal distinction between company and owner. All income goes to the owner, who’s also liable for any debts, losses, or liabilities incurred by the business. The owner pays taxes on business income on his or her personal tax return.
  • General Partnership – Similar to a sole proprietorship, but for two or more people. Again, owners keep the profits and are liable for losses. The partners pay taxes on their share of business income on their personal tax returns.
  • Limited Liability Company (LLC) – Combines the characteristics of corporations with those of sole proprietorships or partnerships. Again, the owners are not personally liable for debts.
  • C Corp – Under this structure, the business is a distinct legal entity and the owner or owners are not personally liable for its debts. Owners take profits through shareholder dividends, rather than directly. The corporation pays taxes, and owners pay taxes on their dividends, which is sometimes referred to as double taxation.
  • S Corp – An S-Corporation refers to the tax classification of the business but is not a business entity. An S-Corp can be either a corporation or an LLC , which just needs to elect to be an S-Corp for tax status. In an S-Corp, income is passed through directly to shareholders, who pay taxes on their share of business income on their personal tax returns.

We recommend that new business owners choose LLC as it offers liability protection and pass-through taxation while being simpler to form than a corporation. You can form an LLC in as little as five minutes using an online LLC formation service. They will check that your business name is available before filing, submit your articles of organization , and answer any questions you might have. 

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wedding consultant business plan

Step 6: Register for Taxes

The final step before you’re able to pay taxes is getting an Employer Identification Number , or EIN. You can file for your EIN online or by mail or fax: visit the IRS website to learn more. Keep in mind, if you’ve chosen to be a sole proprietorship you can simply use your social security number as your EIN. 

Once you have your EIN, you’ll need to choose your tax year. Financially speaking, your business will operate in a calendar year (January–December) or a fiscal year, a 12-month period that can start in any month. This will determine your tax cycle, while your business structure will determine which taxes you’ll pay.

wedding consultant business plan

The IRS website also offers a tax-payers checklist , and taxes can be filed online.

It is important to consult an accountant or other professional to help you with your taxes to ensure you are completing them correctly.

Step 7: Fund your Business

Securing financing is your next step and there are plenty of ways to raise capital:

types of business financing

  • Bank loans: This is the most common method but getting approved requires a rock-solid business plan and strong credit history.
  • SBA-guaranteed loans: The Small Business Administration can act as guarantor, helping gain that elusive bank approval via an SBA-guaranteed loan .
  • Government grants: A handful of financial assistance programs help fund entrepreneurs. Visit Grants.gov to learn which might work for you.
  • Friends and Family: Reach out to friends and family to provide a business loan or investment in your concept. It’s a good idea to have legal advice when doing so because SEC regulations apply.
  • Crowdfunding: Websites like Kickstarter and Indiegogo offer an increasingly popular low-risk option, in which donors fund your vision. Entrepreneurial crowdfunding sites like Fundable and WeFunder enable multiple investors to fund your business.
  • Personal: Self-fund your business via your savings or the sale of property or other assets.

Bank and SBA loans are probably the best options, other than friends and family, for funding a wedding planning business. You might also try crowdfunding if you have an innovative concept.  

Step 8: Apply for Licenses/Permits

Starting a wedding planning business requires obtaining a number of licenses and permits from local, state, and federal governments.

Federal regulations, licenses, and permits associated with starting your business include doing business as (DBA), health licenses and permits from the Occupational Safety and Health Administration ( OSHA ), trademarks, copyrights, patents, and other intellectual properties, as well as industry-specific licenses and permits. 

You may also need state-level and local county or city-based licenses and permits. The license requirements and how to obtain them vary, so check the websites of your state, city, and county governments or contact the appropriate person to learn more. 

You could also check this SBA guide for your state’s requirements, but we recommend using MyCorporation’s Business License Compliance Package . They will research the exact forms you need for your business and state and provide them to ensure you’re fully compliant.

This is not a step to be taken lightly, as failing to comply with legal requirements can result in hefty penalties.

If you feel overwhelmed by this step or don’t know how to begin, it might be a good idea to hire a professional to help you check all the legal boxes.

Step 9: Open a Business Bank Account

Before you start making money, you’ll need a place to keep it, and that requires opening a bank account .

Keeping your business finances separate from your personal account makes it easy to file taxes and track your company’s income, so it’s worth doing even if you’re running your wedding planning business as a sole proprietorship. Opening a business bank account is quite simple, and similar to opening a personal one. Most major banks offer accounts tailored for businesses — just inquire at your preferred bank to learn about their rates and features.

Banks vary in terms of offerings, so it’s a good idea to examine your options and select the best plan for you. Once you choose your bank, bring in your EIN (or Social Security Number if you decide on a sole proprietorship), articles of incorporation, and other legal documents and open your new account. 

Step 10: Get Business Insurance

Business insurance is an area that often gets overlooked yet it can be vital to your success as an entrepreneur. Insurance protects you from unexpected events that can have a devastating impact on your business.

Here are some types of insurance to consider:

types of business insurance

  • General liability: The most comprehensive type of insurance, acting as a catch-all for many business elements that require coverage. If you get just one kind of insurance, this is it. It even protects against bodily injury and property damage.
  • Business Property: Provides coverage for your equipment and supplies.
  • Equipment Breakdown Insurance: Covers the cost of replacing or repairing equipment that has broken due to mechanical issues.
  • Worker’s compensation: Provides compensation to employees injured on the job.
  • Property: Covers your physical space, whether it is a cart, storefront, or office.
  • Commercial auto: Protection for your company-owned vehicle.
  • Professional liability: Protects against claims from a client who says they suffered a loss due to an error or omission in your work.
  • Business owner’s policy (BOP): This is an insurance plan that acts as an all-in-one insurance policy, a combination of the above insurance types.

Step 11: Prepare to Launch

As opening day nears, prepare for launch by reviewing and improving some key elements of your business. 

Essential software and tools

Being an entrepreneur often means wearing many hats, from marketing to sales to accounting, which can be overwhelming. Fortunately, many websites and digital tools are available to help simplify many business tasks.  

You may want to use industry-specific software, such as HoneyBook , Aisle Planner , or bloom , to manage bookings, workflows, contracts, and payments.

  • Popular web-based accounting programs for smaller businesses include Quickbooks , Freshbooks , and Xero . 
  • If you’re unfamiliar with basic accounting, you may want to hire a professional, especially as you begin. The consequences for filing incorrect tax documents can be harsh, so accuracy is crucial. 

Develop your website

Website development is crucial because your site is your online presence and needs to convince prospective clients of your expertise and professionalism.

You can create your own website using services like WordPress, Wix, or Squarespace . This route is very affordable, but figuring out how to build a website can be time-consuming. If you lack tech-savvy, you can hire a web designer or developer to create a custom website for your business.

They are unlikely to find your website, however, unless you follow Search Engine Optimization ( SEO ) practices. These are steps that help pages rank higher in the results of top search engines like Google.

Here are some powerful marketing strategies for your future business:

  • Social Media Campaigns: Leverage platforms like Instagram and Pinterest to showcase your portfolio, share real wedding stories, and engage with potential clients through visually appealing content.
  • Collaborate with Local Vendors: Forge partnerships with local florists, photographers, and catering services, creating a mutually beneficial referral network that enhances your credibility and widens your reach.
  • Host Free Workshops or Webinars: Position yourself as an expert by organizing workshops or webinars on wedding planning tips, trends, and budgeting, establishing trust with potential clients and showcasing your expertise.
  • Offer Limited-Time Promotions: Create a sense of urgency and attract clients by offering limited-time promotions or discounts for early bookings or bundled services, encouraging couples to secure your services promptly.
  • Collect and Showcase Testimonials: Encourage satisfied clients to leave testimonials and reviews, then strategically showcase them on your marketing materials and social media to build trust and credibility with potential clients.
  • Targeted Local Advertising: Invest in targeted online and offline advertising in local publications, community boards, or social media groups to specifically reach your target audience in the geographical area you serve.
  • Participate in Bridal Shows: Set up a booth at bridal shows to directly engage with couples planning their weddings, offering them a glimpse of your services, and collecting leads for future follow-ups.
  • Create a Blog: Share valuable content on a blog related to wedding planning, offering advice, inspiration, and behind-the-scenes insights to establish yourself as an authority in the industry and improve your website’s SEO.
  • Utilize Influencer Marketing: Collaborate with local influencers or bloggers in the wedding industry to reach a wider audience and gain credibility through their endorsement of your services.
  • Implement a Referral Program: Encourage satisfied clients to refer your services by implementing a referral program, rewarding them for each successful referral, thereby creating a word-of-mouth marketing engine for your business.

Focus on USPs

unique selling proposition

Unique selling propositions, or USPs, are the characteristics of a product or service that sets it apart from the competition. Customers today are inundated with buying options, so you’ll have a real advantage if they are able to quickly grasp how your wedding planning business meets their needs or wishes. It’s wise to do all you can to ensure your USPs stand out on your website and in your marketing and promotional materials, stimulating buyer desire. 

Global pizza chain Domino’s is renowned for its USP: “Hot pizza in 30 minutes or less, guaranteed.” Signature USPs for your wedding planning business could be: 

  • Non-traditional weddings to fit your unique style
  • Eco-friendly weddings to keep our earth healthy
  • Short timeline? The perfect wedding on time, guaranteed

You may not like to network or use personal connections for business gain. But your personal and professional networks likely offer considerable untapped business potential. Maybe that Facebook friend you met in college is now running a wedding planning business, or a LinkedIn contact of yours is connected to dozens of potential clients. Maybe your cousin or neighbor has been working in wedding planning for years and can offer invaluable insight and industry connections. 

The possibilities are endless, so it’s a good idea to review your personal and professional networks and reach out to those with possible links to or interest in wedding planning. You’ll probably generate new customers or find companies with which you could establish a partnership. 

Step 12: Build Your Team

If you’re starting out small from a home office, you may not need any employees. But as your business grows, you will likely need workers to fill various roles. Potential positions for a wedding planning business include:

  • Wedding Assistants – assist with planning, wedding setup
  • Delivery Drivers – deliver items to weddings
  • Marketing Lead – SEO strategies, social media, other marketing

At some point, you may need to hire all of these positions or simply a few, depending on the size and needs of your business. You might also hire multiple workers for a single role or a single worker for multiple roles, again depending on need. 

Free-of-charge methods to recruit employees include posting ads on popular platforms such as LinkedIn, Facebook, or Jobs.com. You might also consider a premium recruitment option, such as advertising on Indeed , Glassdoor , or ZipRecruiter . Further, if you have the resources, you could consider hiring a recruitment agency to help you find talent. 

Step 13: Run a Wedding Planning Business – Start Making Money!

Making a client’s wedding day perfect can be a very rewarding experience. You take care of the details, and let the bride be the star. A wedding planning business can be a very lucrative venture, and as your business grows you can make some good money. You could even have a whole team working for you while you handle the high-level details and supervise the events from the rehearsal dinner to the wedding day and the next day brunch.

Now you’re prepared, so you can put your plans into action and get ready to launch your wedding planning adventure!

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  • Decide if the Business Is Right for You
  • Hone Your Idea
  • Brainstorm a Wedding Planning Business Name
  • Create a Wedding Planning Business Plan
  • Register Your Business
  • Register for Taxes
  • Fund your Business
  • Apply for Licenses/Permits
  • Open a Business Bank Account
  • Get Business Insurance
  • Prepare to Launch
  • Build Your Team
  • Run a Wedding Planning Business - Start Making Money!

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Did you grow up dreaming of your wedding day? If you’ve had a scrapbook or Pinterest filled with pictures of dresses and floral displays for as long as you can remember, you may be ready to dream beyond your own wedding ceremony and begin a career as a wedding planner.

Luckily, there’s no required training or licensure to become a wedding planner. And getting started on a new career path always takes time and perseverance. However, if you have a passion for helping other couples make their wedding picture-perfect, all you need to get started is a little know-how. This wedding planning business guide gives it to you.

Before you say “I do”…

As any great wedding planner knows, the key to a successful event is making sure you understand the requirements (and expectations) of the job. If you’re thinking of starting your own wedding planning business, you know that the job isn’t all cake tastings and champagne toasts.

If you’re just starting out and don’t have experience in event planning, it may be helpful to get a start working as an assistant to an experienced wedding or event planner. An experienced planner will teach you the lessons they learned early on so you hopefully don’t repeat their same mistakes.

Planning a wedding requires the following traits:

  • Great communication skills – Understand the couple’s tastes and preferences, and communicate clearly with your clients, your staff, and your subcontractors.
  • Creativity – Everyone wants a unique wedding. Can you come up with a creative, unique solution for each client?
  • An eye for detail – A couple is hiring you so they don’t have to worry about the details. It’s important to cross your t’s and dot your i’s. This includes outlining a crisis plan.

When it comes to how to start a wedding planning business, you may need to secure some start-up funding. Even if you have enough cash on-hand to begin marketing and promoting your services, it’s important to begin with a clear, detailed plan so that you know exactly what you hope to accomplish in your first year of business (and beyond).

A strong business plan will help you with everything from pitching yourself to potential clients to taking on a manageable number of ceremonies. It should answer:

What are your goals and vision? – How does your wedding planning business stand out from your competitors? Do you cater to a niche market, offer flat-rate packages, or have a particular design focus that can woo customers?

What steps will you take to achieve your goals? – Do you have potential business partners? Potential customers? How will you market and promote your services?

What is your budget? – How much money do you need to cover your costs until your business becomes profitable? How many ceremonies will you need to plan before your business turns a profit?

How will you structure your business? – Creating a legal business entity like an LLC can help to protect you from some liability. What other steps will you take to legitimize your business and protect yourself from risk?

Having a clear business plan helps you to set achievable goals and take concrete steps towards them.

A website is the first step in your online marketing campaign and will be your digital portfolio. Thankfully, smart website builders such as Wix and Squarespace make it easier than ever to create an attractive site that reflects your style without needing a development background.

The key elements of any good business website are:

Design – A big part of your job as a wedding planner is creating a ceremony to remember. Make sure your website reflects your style.

Your bio – clients want a planner they can relate to as they’re entrusting their big day in your hands. Your bio should reflect your style and personality – include some fun facts to help you stand out.

Portfolio & client reviews – Clients want to be able to imagine their wedding. Consider planning a friend’s wedding, or even staging a mock wedding with a photographer you’d hire for future events. This can help you to convey professionalism and experience as you’re getting started.

Contact information & form – you need a way for prospective clients to easily contact you. Include a phone number and form so people can submit their details. Don’t forget to call prospective clients back as soon as possible – ideally 24-48 hours.

Social proof – Include links to your profiles on industry organizations or websites such as Wedding Wire or The Knot to help potential clients know you’re legitimate. And, if you’ve received any awards or badges, make sure to include those on your website. Additionally, make sure to link to your social profiles.

SEO – Search Engine Optimization (SEO) is how to help your website show up in the search results. The basic setup doesn’t take a marketing degree: simply follow your website builder’s instructions for adding page descriptions, and be sure to include keywords related to your local area so you can show up in local search results.

Once you have a site, start showing it off to your network and updating your social profiles with a link to your website.

Once you land your first gig, it’s important to make sure your business is protected in the event that something goes wrong. As you start your new venture, you’re likely excited, even giddy—but it’s important to come down from cloud nine and assess your risks.

Any time people gather together, there’s the risk that an accident could hurt someone or damage their property. And when it comes to their wedding day, people can become especially litigious. The cost of legal fees alone might burn through your start-up budget.

Most wedding planners can benefit from the following kinds of insurance policies:

General liability insurance provides coverage against client and third-party claims of bodily injury, property damage, personal injury, and advertising injury.

Professional liability insurance , also called errors & omission (E&O) insurance, provides coverage against claims of negligence and errors related to your work.

In addition, make sure you’re working with venues and vendors that carry their own insurance policies.

When you’re just getting started, you may only have a single wedding to plan in the months ahead. It may seem like an annual insurance policy just isn’t worth it or a cost you can spare.

But you don’t have to pay for insurance when you’re not working. That’s why there’s Thimble’s Wedding Planner Insurance . Our fast, flexible policies go by the hour, day, or month. You can take out insurance just for an afternoon of venue tours with your clients, or for an entire wedding weekend.

And while a wedding may take months to plan, you can get insurance in just 60 seconds. All you have to do is enter a few details about your business, and we’ll generate your free quote. Click purchase, and your proof of insurance will arrive in your email inbox right away.

Starting a business can be scary, but with the right steps, you can look forward to a long and happy career as a wedding planner. Remember to:

  • Understand the job requirements
  • Build your online portfolio (your website)
  • Protect yourself from risk with insurance

Pop the champagne—you’re ready to be your own boss!

Our editorial content is intended for informational purposes only and is not written by a licensed insurance agent. Terms and conditions for rate and coverage may vary by class of business and state.

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How to Become a Wedding Consultant Dum-<i>dum-de-dum</i> . . . uh-oh. Aren't soon-to-be-newlyweds nervous enough without actually having to <i>plan</i> the wedding? Let happy couples hand over the hassle to you and your bridal consulting business.

Jun 13, 2001

Editor's note: This article was excerpted from our Wedding Consultant start-up guide , available from Entrepreneur Bookstore.

Once upon a time on a perfect summer day, guests in colorful wedding finery filled an old cathedral. The fragrance of dew-kissed blossoms wafted through the air as soft organ music played. A radiant bride walked up the aisle at the arm of her father to meet the handsome groom waiting at the altar . . .

What's Inside

  • Introduction
  • Target Market
  • Startup Costs
  • Income and Billing

Fairy tales like this do come true. Now more than ever, wedding consultants are making them happen. In the last decade, the need for professional wedding consultants has grown exponentially. Today, women are often simply too busy juggling the demands of their professional and personal lives to oversee the details necessary to create the wedding of their dreams. This has created an enormous opportunity for people like you considering going into the wedding consulting business.

Although it's difficult to put an exact number on how many wedding consultant businesses there are nationwide, the best guess is approximately 10,000, according to Gerard Monaghan, president of the Association of Bridal Consultants (ABC). Monaghan says that although no one formally tracks these figures, his estimate is based on the number of people who pay for memberships to the various professional associations as well as the number of people on mailing lists available from list brokers.

According to Monaghan, one out of every eight retail dollars is spent on wedding-related products and services. That makes the wedding industry a $42 billion business, although some estimates put that figure as high as $70 billion. Part of the reason for the big bucks spent on a dream wedding is that there are often six wage earners funding the event: the bridal couple, the bride's parents and the groom's parents. This has driven the cost of the average wedding up over the years. Robbi G.W. Ernst III, president of June Wedding Inc., an association for event professionals, says the average cost of a wedding in the United States is now around $17,500 for 125 to150 guests. However, the average cost of a wedding can be $35,000 or more in larger metropolitan areas, where incomes are higher and services are more expensive.

This industry outlook sets the stage for success for both new and established wedding consultants. According to Ernst, a novice consultant who coordinates 10 weddings a year and charges the industry's standard fee of 10 to15 percent per event can expect to gross $17,500 to $26,250 in sales. A more experienced consultant who handles 40 weddings a year can earn $70,000 or more.

"The earnings potential for wedding consultants is awesome," says Richard Martel of the Association for Wedding Professionals International. "Those who are better-connected and better-educated will do the best in this business, as will those who network as a way to build their reputations."

The Personality of a Good Wedding Consultant

So what does it take to be a successful wedding consultant? Loreen C., who owns a wedding consultant business in Ypsilanti, Michigan, says emphatically, "A sense of humor." And she's not kidding.

In a business where you're depending on the professionalism and reliability of a dozen or more people to create a bride's dream wedding, there's always the possibility that something will go askew or bomb out completely. That's why having a sense of humor and the ability to think on your feet are key to keeping things on track or fixing the problems that will inevitably crop up.

In fact, being a people person is pretty much a requirement for this job. You'll be dealing constantly with weepy brides, demanding mothers, cranky suppliers and others who will vie for your attention. You'll be bargaining with vendors, overseeing the activities of hordes of hired helpers, and mingling with the guests at wedding receptions. So it helps if you really love working with people and have an upbeat, positive outlook to help you weather the inevitable problems that arise when you're coordinating countless details.

On the more practical side, it also helps to have a strong business background. While it's not impossible to make a go of a wedding consultant business if you've never balanced a checkbook, previous experience with handling finances (even household budgets) as well as managing day-to-day office details is certainly valuable. After all, you'll be coordinating budgets and overseeing finances for your clients. Plus you'll be taking care of the details of running your own business, which will include taxes, billing and other financial matters. You may even have to deal with personnel administration at some point in your career. So business experience (or barring that, at least a good head for numbers and details) is very important.

Professional Certification

Wedding consultants need many of the same business skills that other professionals routinely acquire at universities and colleges. These are skills they use every day for project management, personnel administration, financial planning, even logistics. That's why, over the years, the wedding consultant industry has created its own professional certification and training programs.

Here are some of the programs available:

Training begins with a five-part home study program with coursework in etiquette, sales, marketing, the wedding day, related services, planning and consulting. The cost of the five-part program is $340; it's also possible to take each course individually at a cost of $85 apiece (plus $90 for the start-up manual). Membership dues are $215 annually (with a $30 one-time application fee), although most new consultants can qualify for the $140 novice rate.

ACPWC certification is awarded after completing the coursework, working for two years as a consultant, coordinating 12 weddings and obtaining 14 letters of recommendation. A certification project is also required.

"We've done surveys that show that wedding consultants who are formally trained and certified can get higher fees from the onset of their business if they're professional and know what they're doing," says Robbi Ernst, founder of JWI.

  • The National Bridal Association is an organization of more than 1,200 independently owned businesses, including wedding consultants. It offers the Weddings Beautiful Worldwide home-study training program for consultants who are interested in starting a business or who wish to augment their knowledge. The program consists of 18 specialized assignments. Upon completion of the coursework, students receive a certified wedding specialist certificate. The course costs $495 and includes review and grading of assignments by a Weddings Beautiful specialist.

How to Become a Wedding Consultant

As the song says, "love makes the world go 'round," which means there should be plenty of people who will need your services, right? In theory, yes. But you'll be much more successful if you study the demographics of the area you wish to do business in, then tailor your services to a specific group within that market.

Demographics are defined as the characteristics of the people in your target audience that make them more likely to use your services or products. These characteristics may include age, education and income levels, gender, type of residence and geographical location.

Probably the most significant demographic for wedding consultants to consider is age. According to The Knot, an online source of wedding information, the average age of today's bride is 26, while the average age of the groom is 28. So while you certainly can serve people of any age group, you'll probably have the best success and garner the most business if you target brides in their mid-20s. This means that if the population base in your business's area doesn't have brides in this age group, you must either reconsider your market or adjust your marketing strategy.

Case in point: Brides may be the ultimate consumer for your services, but who often foots the bills for those dream weddings? Mom and Dad, of course. So a viable way to adjust your strategy if you aren't based where twentysomething consumers live is to target their parents instead. That's what Julia K. of suburban Dallas did when her market research showed that the communities around her were populated by couples that were long-time residents and were likely to have children of marriageable age. As a result, she concentrates her advertising efforts in those communities and now coordinates an average of 30 weddings per year.

This is not to say there's no market for your services among older brides. According to the Stepfamily Association of America, 43 percent of all marriages are remarriages for at least one of the adults. These brides are usually older (early 30s and up) and also are prime candidates for your services given the demands of their careers--and their children.

Yet another factor to consider is where your prospective clients live versus where they work. Julia says that brides may look for information, use bridal registries or purchase their invitations in the area where they work, but they'll go home to get married. That means the wedding consultant may have to travel if he or she wishes to serve the brides who work in the local business community.

Targeting Professional Women

One demographic segment which many wedding consultants serve successfully is professional women. These corporate executives or business owners often hold advanced college degrees and have high incomes. Because they don't have time to plan their own weddings, they're more likely to favor full-service packages that make it possible for them to turn all the details over to an experienced planner. Since full-service packages are usually a consultant's highest priced offering, this can translate into significant profits.

Marsha F. and Jenny C., Dallas-based wedding consultants, found their niche by targeting professional women. Originally, they intended to coordinate high profile and celebrity weddings, but found the market was very difficult to break into. By refocusing their efforts on serving professional women, they now book weddings for fees averaging $30,000.

Economic Environment

Before we move on, there's one more very important factor to consider in your market research efforts. That's the economic base in your prospective market area.

Obviously, a wedding consultant is not an absolute necessity when it comes to coordinating a wedding. People get married all the time without ever using consultants' services. What you offer is experience, convenience, and the ability to step in when the details become too time-consuming or overwhelming for a busy bride to manage. So your task not only becomes making your services irresistible to brides, but making sure the people who will pay the bills are financially able to afford your services.

There aren't many viable businesses around that eager entrepreneurs can jump into, backed by just a modest amount of capital, a vision and lots of enthusiasm. Fortunately, wedding consulting is one of them.

Because most wedding consultant businesses begin as homebased businesses, startup costs are relatively low. You don't have the overhead associated with renting an office space. You may be able to use equipment you already own, such as a computer or a fax machine. Your dining room table will suffice as a desk, at least initially, and your home telephone can pinch hit as your business line during regular business hours. Initially, you won't have any inventory to pay for. (A word of warning: Don't even think about investing in retail merchandise or props that can be used at weddings until you've been in business for a while. You don't need the extra financial burden when you start out.) You don't even have to invest in an extensive business wardrobe as long as you already own attire that would be appropriate for business meetings, bridal consultations and on-site wedding coordination.

Office Equipment and Supplies

Below are the office equipment and supplies costs for two hypothetical wedding consulting businesses: "Weddings by Jamie," a homebased company, and "Cherished Moments in Time," a startup based in a commercial office space. The owner of "Weddings by Jamie" already had a basic computer system (not including a printer) and selected items to fit a limited startup budget. The owner of "Cherished Moments in Time" decided to go with top-of-line equipment and furniture to outfit her office.

Computer, printer$500$4000
Scanner$0$300
Microsoft Office$600$600
Intuit QuickBooks$250$250
Wedding Software$0$30
Zip Drive$100$200
Surge protector/UPS$0$160
Digital Camera$0$500
Fax Machine$0$250
Copy Machine$0$800
Phone/voice mail/answering machine$76$320
Postage meter/scale$0$25
Calculator$15$50
Desk, chair, file cabinet(s), bookcase$400$1,120
Letterhead, envelopes, business card$200$300
Miscellaneous supplies (pens, folders, etc.)$50$50
Computer/copier paper$25$50
Extra printer cartridges$25$80
Extra fax cartridge$0$80
Zip Disks$25$50
3.5-inch floppy disks$7$12
Mouse Pad$0$10

No matter where you decide to conduct the majority of your business or what your personal management style may be, there are certain tasks common to all wedding consultants. Among them are day-to-day business administration, bridal consultations, wedding-day organization, and vendor and service coordination. Here's a look at each of these activities.

Day-to-Day Administration

Even though no two days tend to be alike for wedding consultants, because the tastes and needs of their clients vary so widely, there are certain tasks you can expect to do on a regular basis. To begin with, you'll spend lots of time on the telephone every day, fielding inquiries from interested brides, following up on vendor leads and checking on the status of wedding preparations. If you employ contract or temporary help during weddings, you'll have to meet with them on a regular basis to provide instructions and go over details. You'll also spend a significant amount of time with the brides themselves, either conducting consultations or accompanying them to appointments with suppliers.

Then there's the paperwork. You'll have contracts to review, tax forms to file and other business-related papers to shuffle. You'll also have to keep meticulous records on the choices your brides make, the status of wedding day plans and other details. A word of advice: No matter how good your memory is, you should always jot down every appointment and activity. The number of details you'll have to attend to as a wedding consultant will be truly mind-boggling, and when you're busy and short of time, it will be too easy for something to fall through the cracks--possibly with disastrous results.

Consultations

To determine what a bride wants and how much she wants to turn over to you, you'll have to schedule consultations. Although some planners offer free one-hour consultations, it makes sense to charge at least a nominal fee--say, $50 an hour--for your time. In his book, Great Wedding Tips from the Experts , Robbi Ernst writes, "A genuinely professional wedding consultant isn't going to talk with [anyone] for free, unless it is simply an introductory meeting . . . to determine if you are a good match for each other."

According to Ernst, the fee for a single consultation typically ranges from $175 in smaller communities to as much as $500 in metropolitan areas. Charging a fee will help to cut down on the number of women who are just "shopping around" for services without making a commitment.

The Wedding Day

All the wedding consultants said they act as the bride's advocate on the happy day, running interference with suppliers, making sure the wedding party is dressed and where they're supposed to be on time, and so on. Some consultants, like Julia K. in Oak Point, Texas, and Packy B. in Broadview Heights, Ohio, prepare snacks and drinks for the wedding party to nibble on before the wedding so they don't go up the aisle with rumbling stomachs. To make sure all these tasks run like clockwork, most wedding planners create a detailed wedding day schedule for each member of the wedding party, the parents and other relatives as well as vendors who are responsible for providing various services.

Consultants often hire extra help on a contract basis to assist with wedding day activities. Their duties may range from greeting guests to taking care of the wedding party and families (refilling drinks, assisting the bride in the powder room and so on). These contractors are hired on an as-needed basis, and are paid either by the hour (around $10 to $15 an hour) or by the function ($100 to $150 per day).

Working with Vendors

One of the things that will make you invaluable to customers is your knowledge of the bridal industry. As a consultant, you're expected to be the font from which all knowledge about the industry flows. That means knowing things like which wedding gown styles or decorating schemes are in vogue and which are pass?, or whether it's inspired or gauche to use silk flowers in the bride's bouquet.

But perhaps even more importantly, your clients will count on you to recommend reliable suppliers that offer the best quality and value for their money. So it's your job to research bridal service providers in your target market to find the best possible sources for the products or services you'll require. From this research you should compile a list of preferred vendors you can either share with the bride during a consultation or use yourself if you're in charge of all the planning.

The easiest way to identify potential service providers is by asking friends and business acquaintances for recommendations. Other useful sources of information include the Internet, and your local Yellow Pages and Chamber of Commerce. The Better Business Bureau can also be useful for helping you steer clear of businesses whose reputations are less than sterling.

In this initial fact-finding stage, don't limit yourself to locating a certain number of vendors. Rather, identify as many potential sources as possible so you'll have several to choose from when the time comes to make a recommendation to the bride. Keep in mind, too, that you should locate vendors in the low, medium and high price ranges to accommodate all budgets.

Then once you've compiled your list of sources, pick up the phone and make appointments to see their facilities and products in person. Since business owners are generally pleased to grant you a personal interview and show off their services as a way to secure future business, those who balk should be removed from your list.

Who Will Your Major Suppliers Be?

  • Reception halls and banquet sites
  • Entertainment consultants and DJs
  • Photographers and videographers
  • Wedding cake bakery
  • Limousine service

Charges for wedding consulting services vary widely. Typically, consultants charge by the hour or by the package. Some consultants will charge up to 15 percent of the total wedding cost, but this is a more common practice in larger cities where disposable income is higher and there are more top-level female executives footing the bill.

According to Ernst, preparation-planning fees, which include everything except wedding day coordination, usually range between $2,000 and $4,500, depending on whether your business is in a rural or metropolitan area. Full production coordination, which includes everything from early planning and budgeting to wedding day activity coordination, will cost an additional $1,500 to $3,000 on average.

According to the wedding consultants interviewed for Entrepreneur's Bridal Consultant Startup Guide , full production package rates ranged from $1,000 to $5,000. The higher prices were found in the largest metropolitan areas, where one consultant even offered a $10,000 "concierge" package for the bride who wants to do nothing more than verbally approve the consultant's selections and write checks to pay the suppliers.

To arrive at a price for your wedding packages, Gerard J. Monaghan of the Association of Bridal Consultants suggests using this formula to come up with an hourly rate:

The SBA says the average service industry pay rate is $25 to $125 per hour. Where you price your services in this range depends on what your local market will bear.

Of course, to obtain all that lovely remuneration, you have to bill your clients regularly. Most of the wedding consultants we spoke to bill incrementally. Typically, they require payment for the consultation on the spot, then expect monthly payments for weddings that are planned over a very long period of time (like 9 months to a year). Weddings that have a shorter lead-time may be billed in two installments: one at the time of the contract, and a second final payment no later than 30 days after the event.

Cancellations aren't uncommon in this business, and Loreen C., the consultant in Michigan, tries to keep hers to a minimum by refunding just half of the deposit if the cancellation occurs within seven days. After that, the deposit is forfeited. "I have to do that because I might have turned someone else down for the same date," she explains.

Some of the wedding consultants we spoke to have merchant accounts, which allow them to bill their clients' Visa or MasterCard accounts. Julia K., the wedding consultant in Texas, points out that credit card fees can be very high for the merchant (that's you), but they're a necessary expense if you want to be paid on a timely basis. But if you haven't been in business very long, a merchant account probably isn't necessary just yet.

Smart Tip Always provide a written contract that spells out your responsibilities and payment terms, since under the Uniform Commercial Code, contracts for the sale of services or goods in excess of $500 must be in writing to be legally enforceable. Even if your bill will be under $500, it's a good idea to have a written contract just in case a dispute arises.

Before you start dropping dollars on advertising of any kind, it's wise to create a basic marketing plan. This plan doesn't have to be complicated, but it should be detailed enough to serve as a roadmap that keeps your business on track and your marketing efforts on target. In addition, it should be updated periodically as market conditions change so you're always in touch with the needs of your customers.

Your marketing plan can be a part of the business plan you've already written. It should describe your target market and the competitive environment you're operating in (this is where your market research comes in) as well as address how you're going to make your customers aware of your business. Information relating to pricing, industry trends and advertising also has a place in your marketing plan.

Read All About It

Another important part of your marketing plan is your promotion strategy. Every wedding consultant, from the "one-man band" who coordinates just a handful of weddings annually to the person who needs a large staff to help handle the workload, must advertise to get new business.

The types of advertising that are most effective for wedding consultants include Yellow Pages advertising, magazine ads, brochures, business cards and word-of-mouth. Each method is discussed below.

Let Your Fingers Do the Walking

Without exception, the wedding consultants we spoke to said that their Yellow Pages ads were low-maintenance, low-cost workhorses that returned great value for their advertising dollar. There are two types of ads to choose from. The first is the line ad, which is the basic listing that's published under a heading like "Wedding Consultants" or "Wedding Services." Line ads normally contain only the business name, address and telephone number, and are provided to you free of charge when you turn on your phone service.

The second type of ad is the display ad. It's usually boxed and is much larger than a line ad. As a result, a display ad can contain far more copy, including details about the services you offer, your hours of operation and even a piece of clip art that relates to your business. Display ads are sold by the column width and the depth in inches. Most directories have their own standard sizes, so you'll have to inquire about both the size and the cost.

Magazine Display Ads

It's best to advertise only in consumer publications that cater specifically to brides since at any given time, only 1 percent of the population is considering marriage. The "biggies" in the bridal industry are Bride's and Modern Bride , but there are many others in the field. In addition, many cities have their own monthly bridal magazines, which are excellent vehicles for your ad. (One to try: Modern Bride , which publishes a regional magazine in numerous U.S. markets.)

Advertising in these publications can be expensive. To get the best possible rate, you should run a what's known as a schedule of ads, since the per-insertion rate is reduced when you repeat the ad over a set period of time. Another bonus: Studies show that ads that are repeated regularly tend to generate the most interest among consumers. It's really not beneficial to advertise only when you need business, so save your money if you can only afford one or two insertions.

A brochure is a great tool for reaching brides-to-be in the places they're likely to frequent, like bridal shops, bakeries that specialize in wedding cakes and so on. The cover should prominently feature your company name and have a meaningful graphic that represents your business (such as a happy bride, a bridal bouquet or entwined wedding rings). Other elements the brochure should include are:

  • A detailed list of your services
  • Testimonials from satisfied customers ("XYZ Bridal made my wedding a wonderful day to remember!"--Jane Smith, Anytown, Minnesota)
  • Contact information (your address, phone number, fax number, e-mail address and website address)

You'll also want to consider mailing your brochure to prospective brides in the geographical area you serve. Many publications sell their mailing lists and can segment the names by ZIP Code or other criteria you choose. Regional bridal shows often compile their own mailing lists and make them available for sale. These are extremely effective lists because they're "hot lists," or compilations of likely buyers. A few weeks after a particular show, contact its public relations office to determine whether you'll be allowed to buy its list.

Business Cards

Here's a great way to advertise at a very low cost. Your business card is not only your calling card; it reminds a prospective bride or her parent(s) that you're only a phone call or an e-mail away. As a result, you should distribute your card freely wherever you go. The sole exception: Don't ever give out business cards at a wedding you are coordinating unless you are specifically asked for one. There's nothing less professional or tackier than placing a neat little pile of business cards on the cake table or--horrors!--handing out unsolicited cards to the unmarried guests in attendance.

Word-of-Mouth Advertisting

Whoever said there's no such thing as a free lunch must have overlooked word-of-mouth (WOM) advertising. Not only is the price right, but WOM praise is one of the most powerful advertising vehicles you have at your disposal. One of its major advantages is that you often don't have to do anything special to garner this kind of freebie publicity. All you must do is perform your job to the best of your ability, and people will talk favorably about you and your willingness to do whatever it takes to satisfy the customer.

Alexander Hiam, author of Marketing for Dummies , says the key to getting good WOM is influencing what your customers say about you. You can do this a number of ways. Some wedding consultants call their clients a few weeks after the wedding to get feedback and verify their satisfaction. During that conversation, you can also get a referral or two from the satisfied bride, which you can turn then into a WOM opportunity by using her name when you call the person to whom she referred you.

Another way to influence WOM is by becoming involved in local business organizations, like Rotary International or the chamber of commerce. As you may know, many people have the perception that wedding consultants are "dabblers" who like to attend weddings and have turned that interest into a little side business. Although this perception is changing, you can establish yourself as a professional by networking at meetings of these local organizations. The members, in turn, are likely to use your services themselves or recommend you to others in need of a wedding coordinator.

Associations

  • Association of Bridal Consultants (ABC)
  • Association of Certified Professional Wedding Consultants (ACPWC)
  • June Wedding Inc.
  • National Bridal Service

Bridal Shows

  • Bridal Show Producers International
  • Brides-To-Be
  • The Great Bridal Expo

Publications

  • Bridal Guide Magazine
  • Bride Again Magazine
  • Grace Ormonde Wedding Style
  • Modern Bride
  • Today's Bride
  • Wedding Pages Bride & Home Magazine

Wedding Planning Software Note: Much of the wedding software available on the market is geared toward the bride. The package listed here have features that are useful for wedding consultants.

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wedding consultant business plan

BUSINESS STRATEGIES

How to start a wedding business in 6 steps

  • Rachel Bistricer

How to start a wedding business

If you're passionate about creating unforgettable moments and have a flair for organizing special events, starting a wedding business could be an exciting venture for you. This guide will take you through the steps of initiating and operating a successful wedding business, including the advantages and challenges involved in starting a business , how to go about creating a business website  and strategies for generating revenue in the wedding industry.

What is a wedding business?

A wedding business is a service-oriented business  that offers a range of services related to wedding planning and execution. Wedding businesses typically provide services such as:

Wedding planning and coordination

Venue selection and decoration

Catering and menu planning

Floral arrangements and event design

Photography and videography services

Entertainment and music coordination

Bridal and groom attire consultation

Beauty and grooming services

what is a wedding business

Why start a wedding business?

The wedding industry outlook points to healthy growth on the horizon, with projections forecasting a compound annual growth rate of 4.8% through 2030 . As engaged couples increasingly seek to personalize their special day and create memorable wedding experiences, they are willing to invest substantially in bringing their perfect wedding to life. This presents ample opportunities for wedding-focused businesses to provide customized products and services tailored to discerning couples. By staying on top of wedding industry trends and gaining insights into what engaged couples are looking for, you can strategically position a new wedding business.

Create a business plan

Select a business structure

Obtain business financing or capital

Set up accounting and bookkeeping services

Source specific wedding equipment

Register your wedding business

01. Create a business plan

Develop a comprehensive business plan  that addresses key aspects of your wedding business idea 's strategy, such as your target market, executive summary, marketing strategy  and financial projections. This plan acts as a guide for your business, helping to communicate your vision to potential investors during fundraising efforts. It should also include other important business information such as the type of business  you plan to start and your choice of a business name . 

Here’s a wedding business plan template to get you started:

Wedding business plan template

Executive Summary

Business Name:  [Your Wedding Business Name]

Business Structure:  [Sole Proprietorship/Partnership/LLC/Corporation]

Location:  [City, State]

Founding Date:  [Month, Year]

Founders/Owners:  [Names]

Mission Statement:  [Concise statement of the business’s purpose]

Business Description

Overview:  Briefly describe your wedding business, highlighting key features, services, and specialties.

Unique Selling Proposition (USP):  Clearly define what sets your business apart from competitors.

Target Market:  Identify your primary client demographic and market segment.

Services and Specialties

List and describe the wedding services and specialties your business will offer.

Include areas such as wedding planning, venue selection, catering, photography, and entertainment.

Market Analysis

Industry Overview:  Provide an overview of the wedding industry, including trends and growth projections.

Competitor Analysis:  Identify key competitors, analyze their strengths and weaknesses.

Target Audience:  Define your target client profile and their preferences.

Marketing and Sales Strategy

Marketing Plan:  Outline your strategies for promoting the business, both online and offline.

Pricing Strategy:  Detail your pricing structure and any promotional pricing.

Sales Tactics:  Describe how you will attract clients and secure wedding projects.

Operational Plan

Location and Facilities:  Describe your office location and facilities.

Suppliers:  List and describe key suppliers for goods and services.

Staffing:  Outline your staffing plan, including roles and responsibilities.

Financial Plan

Startup Costs:  Detail initial investment requirements and startup expenses.

Revenue Projections:  Provide realistic revenue projections for the first 3-5 years.

Operating Costs:  Outline ongoing operating expenses, including utilities, software, and staff salaries.

Funding Requirements:  Specify any funding needed and potential sources (loans, investors).

Funding Proposal

Purpose of Funding:  Clearly state how the funds will be utilized.

Amount Needed:  Specify the amount of funding required.

Repayment Plan:  Outline the proposed repayment plan for loans or investments.

Risk Analysis

Identify potential risks and challenges that may impact the success of your wedding business.

Develop strategies to mitigate and manage these risks.

Include any additional documents or information relevant to your business plan.

Examples: Portfolio samples, resumes of key team members and mock-ups of design proposals.

Summarize the key points of your business plan and highlight the potential success of your wedding business.

Conclude with a call to action or next steps.

Note: This template serves as a general guide. Adjust and expand sections based on your specific business model and goals.

02. Select a business structure

Choose an appropriate business entity  or structure for your wedding business, whether it’s a sole proprietorship , partnership , limited liability company (LLC ) or corporation . Each structure comes with its own advantages and disadvantages, so select the one that aligns with your business objectives.

start a wedding business - entities

Learn more: How to start an LLC

how to start a wedding business - start an llc with legalzoom and wix

03. Obtain business financing or capital

Starting a wedding business involves initial costs. Secure financing through methods like bank loans, grants, or investments from stakeholders to launch and sustain your business.

Costs that you’ll need to factor in when securing financing for your business include:

Office space and utilities

Marketing and advertising campaigns

Making a website  and its maintenance (you can use one of these best event website builders)

Event planning software and technology infrastructure

Initial salaries and benefits for employees

Professional memberships and certifications

Insurance coverage (liability, professional indemnity)

Legal fees for contracts and compliance

04. Set up accounting and bookkeeping systems

Establish robust accounting and bookkeeping systems from the beginning to track income, expenses, and ensure financial viability. This includes managing tax obligations if applicable.

05. Source specific wedding equipment

Acquire the necessary equipment for your wedding business, including event planning software, computers, and design tools. Ensure that your technology infrastructure supports efficient event coordination and communication. Some more specific examples of this include:

Event planning software for collaboration

Computers and design tools

Printers and scanners for document preparation

Furniture for the office workspace

Photography and videography equipment

Decorative items and props for event styling

Catering and serving equipment

06. Register your wedding business

Register your wedding business in compliance with local regulations, obtain the required licenses and secure appropriate insurance coverage including liability and professional indemnity insurance.

start a wedding business - register business in the us

Learn more: How to register a business , How to get a business license

Tips for managing your wedding business for profitability

Once you’ve got your wedding business off the ground, you’ll need to understand how to properly run and manage it in order to make sure it’s profitable. Here are some general tips on how to achieve that. 

Research your industry and gain a deep understanding of the wedding industry, including market competition, target demographics and client preferences. Gain practical experience by working with established wedding planners or participating in relevant events.

Develop a robust marketing strategy from the beginning to proactively promote your wedding business. Create a professional website showcasing your portfolio, services, and client testimonials. Utilize social media platforms for targeted marketing.

Exceptional customer service is crucial for success in the wedding industry. Ensure open communication, meet client expectations, and go the extra mile to create a memorable experience.

Wedding businesses to inspire (all built on Wix)

Shreeji weddings.

Design team planning wedding ceremony decorations to provide a unique design and experience. 

Emily Rose Weddings

Personal wedding coordinator With experience in wedding day planning, preparation, supplier liaison and client support. 

Applewood Farms

Wedding venue offering a wide variety of customizable menus and design options.

Benefits of starting a wedding business

Operating a wedding business allows you to turn your passion for events into a thriving career. You have the flexibility to be your own boss, set your schedule and contribute to the creation of memorable moments for couples.

benefits of running a wedding business

Challenges of running a wedding business

Wedding planning requires diverse skills, including organization, creativity, and effective communication. Coordinating multiple elements of a wedding, managing client expectations, and handling unforeseen challenges are common challenges in the industry. Other common challenges include:

Working unconventional hours and days, including weekends which is when most weddings are held.

Highly competitive industry with lots of wedding businesses, suppliers and vendors.

Seasonal fluctuations, with demand peaking in certain parts of the year, and falling off in others. The summer and Autumn months tend to be peak season for weddings.

High stress environments - weddings can be stressful to organize, both for the organizer and wedding party.

Economic uncertainty and inflation can lead to stricter wedding budgets and lower cost events,

How profitable is a wedding business?

The profitability of a wedding business depends on factors such as location, market demand, competition, pricing strategies, and service quality. Building a reputation for delivering exceptional events and streamlining business processes can contribute to higher profitability.:

Consider the following when calculating potential profitability:

Your industry: Full-service wedding planning has the highest profit margins, followed by catering and photography.

Your location: Businesses in major cities with high demand can charge more for their services.

Your pricing strategy: Premium pricing with high-quality services can be more profitable than budget options.

Your overhead costs: Businesses with lower overhead costs have higher profit margins. Starting your wedding business from home, instead of renting an office, is one example of how to keep overheads low.

Your marketing and sales plans: Effective marketing and sales strategies can attract more clients and increase revenue for your wedding business.

Potential profit margins with a wedding business:

Full-service wedding planning: 15-25%

Catering: 10-20%

Photography: 15-30%

Floral design: 10-20%

Venue rentals: 20-30%

*These are intended as a guide only and are not necessarily indicative of actual profits possible with this type of business. Be sure to do your research carefully.

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Scenes From a Chechen Wedding

wedding consultant business plan

By Andrew E. Kramer

  • May 3, 2019

SHALAZHI, Russia — At the wedding of Ibragim Arsanov and Zarema Bashayeva, plum and pear trees were in bloom and the snowy peaks of the Caucasus Mountains formed a picturesque backdrop for the estimated 700 guests at the celebration.

Old men sat at long tables laden with broiled turkeys and bottles of nonalcoholic pear juice, exchanging news and renewing friendships. Young women in billowy dresses and headscarves in yellow, blue and pink pastels milled about in groups, looking like flocks of tropical birds.

Afterward, when the groom learned of such happenings at his wedding, he was pleased the festivities had gone so well, because in keeping with tradition in Chechnya, a small, once war-torn region in the south of Russia, he had missed the party.

So had the bride. She spent her wedding standing silently in a corner, where she had been ushered after Mr. Arsanov’s family delivered a sheep to her father in symbolic exchange for the bride to be, also in accordance with tradition.

“The bride just wants this day to be over,” said Marieta Kartoyeva, a university student who was enjoying the party, though aware the bride and groom were having a very different experience, which is typical for weddings in Chechnya.

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ProfitableVenture

Wedding Planning Business Plan [Sample Template]

By: Author Tony Martins Ajaero

Home » Business ideas » Entertainment Industry » Event Planning

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. Okay, so we have considered all the requirements for starting a wedding planning company .

We also took it further by analyzing and drafting a sample wedding planning service marketing plan template backed up by actionable guerrilla marketing ideas for wedding planning companies. So let’s proceed to the business planning section.

Wedding planning is a business that anyone with the necessary soft skills (i.e. organizing skills) can venture into. Wedding planning requires that you take off the burden of planning a wedding off the shoulders of your clients. Therefore, you would need an eye for details in addition to the eye you have got.

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Confused? Do not be, that was on a lighter note. Now, the truth is that you would need to be extremely detailed. You do not want to come across your clients as one who leaves some kills important details out. If you do not possess this skill now, you may consider building it up.

Starting a wedding planning company is not too expensive except for the money required to rent and furnish an office space. The key to a successful wedding event is to ensure that all that is listed in your wedding event planning checklists is ticked.

As a matter of fact, if you undergo wedding cum event planning training, you are going to be taught how to draft event planning checklists for various events and key components that must be listed in your checklists.

One good thing about wedding planning is that most often than not, weddings are done during weekends and if you are lucky not to be working during weekends, you can successfully test run a wedding planning business. The truth is that, most of the basic skills needed to effectively run a wedding planning business are some of the soft skills you are likely going to acquire in your workplace.

If you are truly convinced that starting a wedding planning company is the right business for you to do, then you need to write your own business plan. Below is a sample wedding planning company business plan template that will help you successfully write yours with little or no stress;

A Sample Wedding Planning Business Plan Template

1. industry overview.

Wedding planners organize and design marriage ceremonies and receptions. A wedding planner ensures that they work with the stipulated budget of their clients and ensure that they deliver a successful wedding event as agreed. In some cases, it is the responsibility of the wedding planner to draw – up a budget for the client once they get a brief of the nature of the wedding event to be hosted.

A close study of happenings in the Wedding Planners industry in the united states shows that the industry has experienced remarkable growth and this is due to stronger economic conditions. It is normal that with increase in disposable incomes, there will be encouragement for more couples to marry, and to spend more on wedding planning or services related to their weddings.

So also, increased internet usage has made wedding planners more accessible to clients, decreasing the industry’s marketing costs and boosting profit margins.

These trends will offset the impact on the industry of changing social norms that have led couples to postpone marriage longer. No doubt, as the economy continues to strengthen, the growth in the wedding planners industry is expected to accelerate.

The Wedding Planners Industry is indeed a large industry and pretty much active in countries such as United States of America, United Kingdom, France, Italy, Holland, Nigeria, Switzerland, Australia and Canada et al.

Statistics has it that in the United States of America alone, there are about 39,643 registered and licensed wedding planning company scattered all across the United States responsible for employing about 41,714 and the industry rakes in a whooping sum of $1 billion annually.

The industry is projected to grow at -1.9 percent annual growth within 2011 and 2016. It is important to state that there is no establishment in this industry that has a lion market share.

A recent report published by IBISWORLD shows that the Wedding Planners industry is highly fragmented and largely distributed proportionally with population in the United States. The report stated that in 2015, the Southeast held the most industry establishments of any region, at 29.7 percent of the total. New England and the Rocky Mountains are expected to hold the least, at 4.4 percent each.

The Southeast region is expected to have 29.7 percent of industry establishments. This region also includes the state with the most establishments, Florida, which has an estimated 13.7 percent of industry establishments. The report further stated that States like Florida are population destination wedding locations.

Locations such as Disney World are very popular for weddings, which is why the number of establishment outpaces the proportion of population located in the region.

Lastly, one thing is certain about starting a wedding planner company, if you are able to conduct your market research and feasibility studies, you are more likely not going to struggle to secure clients because there are always individuals (bachelors and spinsters) who would want to hire your services when they are about getting married. Just ensure that the business is properly located and you have the right business network.

2. Executive Summary

Cloe Davenport Wedding Planners®, LLC is a standard and licensed professional wedding planning company that will be based in Panama City – Florida. We have been able to secure a standard and well – positioned office facility in a business district in the heart of the city.

Cloe Davenport Wedding Planners®, LLC will handle all aspect of wedding planning such as wedding coordination, wedding shower / Bachelor’s eve, manage client’s time constraints, manage client’s budget, day-of-coordination services, conceptualization and design, full coordination services, and month of direction et al.

We are aware that to run a standard wedding planner company can be demanding which is why we are well trained, licensed and equipped to perform excellently well.

Cloe Davenport Wedding Planners®, LLC is a client-focused and result driven wedding planner company that provides broad-based services at an affordable fee that won’t in any way put a hole in the pocket of our clients.  We will offer a standard wedding planner services to all to our clients at local, state, national, and international level.

We will ensure that we work hard to meet and surpass our clients’ expectations whenever they contract their wedding planning to us.

Our client’s best interest would always come first, and everything we do is guided by our values and professional ethics. We will ensure that we hire professionals who are well experienced in the Wedding Planners industry cum event planning industry.

Cloe Davenport Wedding Planners®, LLC will at all times demonstrate her commitment to sustainability, both individually and as a firm, by actively participating in our communities and integrating sustainable business practices wherever possible.

We will ensure that we hold ourselves accountable to the highest standards by meeting our client’s needs precisely and completely. We will cultivate a working environment that provides a human, sustainable approach to earning a living, and living in our world, for our partners, employees and for our clients.

Our plan is to position the business to become the leading brand in the professional wedding planners’ 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.

This might look too tall a dream but we are optimistic that this will surely come to pass because we have done our market research and feasibility studies and we are enthusiastic and confident that Panama City – Florida is the right place to launch our wedding planner company before spreading to other parts of The United States.

Cloe Davenport Wedding Planners®, LLC is a private registered business that is owned by Mrs. Cloe Davenport and her immediate family members.

Mrs. Cloe Davenport has well over 10 years of experience working at various capacities within the wedding planners cum Event Planners industry in the United States of America.  She will work with a team of other core professionals to help build Cloe Davenport Wedding Planners®, LLC to become a top brand in the Event Planners industry.

3. Our Products and Services

Cloe Davenport Wedding Planners®, LLC is going to offer varieties of services within the scope of the Wedding Planners industry in the United States of America. Our intention of starting our wedding planner company is to favorably compete with leading players in the Wedding Planners industry both in the United States of America and in the world at large.

We are well prepared to make profits from the industry and we will do all that is permitted by the law in the United States to achieve our business goals, aim and ambition. Our business offerings are listed below;

  • Wedding coordination
  • Wedding shower / Bachelor’s eve
  • Manage client’s time constraints
  • Manage client’s budget
  • Day-of-coordination services
  • Conceptualization and design
  • Full coordination services
  • Month of direction
  • Wedding planning consulting and advisory services

4. Our Mission and 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: integrity, service, excellence and teamwork.
  • 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 we 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 stakeholders (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 or more depending how fast we meet our set target. In view of that, we have decided to hire qualified and competent hands to occupy the following positions;

  • Chief Executive Officer / Principal Partner

Wedding / Event Planning Consultant

Admin and HR Manager

  • Business Developer / Marketing and Sales Executive
  • Customer Care Executives

5. Job Roles and Responsibilities

Chief Executive Officer / Principal Partner:

  • Increases management’s effectiveness by recruiting, selecting, orienting, training, coaching, counseling, and disciplining managers; communicating values, strategies, and objectives; assigning accountabilities; planning, monitoring, and appraising job results; developing incentives; developing a climate for offering information and opinions; providing educational opportunities.
  • Creates, communicates, and implements the organization’s vision, mission, and overall direction – i.e. leading the development and implementation of the overall organization’s strategy.
  • Responsible for fixing prices and signing business deals
  • Responsible for providing direction for the business
  • Responsible for signing checks and documents on behalf of the company
  • Evaluates the success of the organization
  • Organizes wedding and other events from start to finish
  • Responsible for interviewing and hiring vendors, selecting and ordering materials, negotiating rates, coordinating the sequence of wedding events, following up with guests and vendors and producing full-scale events.
  • Plans, designs and produces wedding events while managing all project delivery elements within time limits
  • Liaises with clients to identify their needs and to ensure customer satisfaction
  • Conduct market research, gather information and negotiate contracts prior to closing any deals
  • Provides feedback and periodic reports to stakeholders
  • Propose ideas to improve provided services and wedding event quality
  • Organizes facilities and manages all wedding event’s details such as decor, catering, entertainment, transportation, location, invitee list, special guests, equipment, promotional material etc.
  • 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
  • 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.

Marketing Executive / Business Developers

  • Identifies, prioritizes, and reaches out to new partners, and business opportunities et al
  • Identifies development opportunities; follows up on development leads and contacts; participates in the structuring and financing of projects; assures the completion of development projects.
  • Writes winning proposal documents, negotiate fees and rates in line with company policy
  • Responsible for handling business research, marker surveys and feasibility studies for clients
  • Responsible for supervising implementation, advocate for the customer’s needs, and communicate with clients
  • Develops, executes and evaluates new plans for expanding increase sales
  • Documents all customer contact and information
  • Represents the company in strategic meetings
  • Helps to increase sales and growth for the company
  • Responsible for preparing financial reports, budgets, and financial statements for the organization
  • create reports from the information concerning the financial transactions recorded by the bookkeeper
  • Prepares the income statement and balance sheet using the trial balance and ledgers prepared by the bookkeeper.
  • 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.
  • Ensures that all contacts with clients (e-mail, walk-In center, SMS or phone) provides the client with a personalized customer service experience of the highest level
  • Through interaction with clients on the phone, uses every opportunity to build client’s interest in the company’s products and services
  • Manages administrative duties assigned by the manager in an effective and timely manner
  • Consistently stays abreast of any new information on the company’s products, promotional campaigns etc. to ensure accurate and helpful information is supplied to clients when they make enquiries
  • Receives parcels / documents for the company
  • Handles enquiries via e-mail and phone calls for the organization
  • Distributes mails in the organization
  • Handles any other duties as assigned by the line manager

6. SWOT Analysis

Going by our vision, our mission and the kind of business we want to set – up, we don’t have any other option than to follow due process. Following due process involves hiring business consultant to help us conduct SWOT analysis for our business.

Cloe Davenport Wedding Planners®, LLC hired the services of a seasoned business consultant with bias in start – ups in the United States to help us conduct a thorough SWOT analysis and to guide us in formulating other business strategies that will help us grow our business and favorable compete in the Wedding Planners industry.

As a company, we look forward to maximizing our strength and opportunities and also to work around our weaknesses and threats. Here is a summary from the result of the SWOT analysis that was conducted on behalf of Cloe Davenport Wedding Planners®, LLC.

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.

Aside from the synergy that exist in our carefully selected team members and our strong online presence, Cloe Davenport Wedding Planners®, LLC is well positioned in a city with the right demography and we know we will attract loads of corporate and individual clients from the first day we open our doors for business.

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.

  • Opportunities:

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.

7. MARKET ANALYSIS

  • Market Trends

The Wedding Planners industry is in a continuous state of evolution and as such, ground breaking strategies and ideas that are once highly successful are no longer as productive as they were in time past. 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.

As a matter of fact, social media has now become one of the most important tools wedding event planners leverage on to disseminate information about their wedding events, interact with attendees, solicit feedback, and create year-round engagement with their target audience.

Furthermore, new software apps and emerging technology have made it easier for wedding planners to gather all the needed data and information that will help them plan and project for the future.

In recent time, mobile event apps are becoming more popular; wedding cum event planner can now successfully market their services via social media platforms / online platforms. In the United States for example, there several vendors providing mobile apps with more wedding cum event planners patronizing the apps.

Over and above, increased internet usage has made wedding planners more accessible to clients, decreasing the industry’s marketing costs and boosting profit margins.

These trends will offset the impact on the industry of changing social norms that have led couples to postpone marriage longer. No doubt, as the economy continues to strengthen, the growth in the Wedding Planners industry is expected to accelerate.

8. Our Target Market

Even though Cloe Davenport Wedding Planners®, LLC will initially serve clients within the location where our business is, but that does not in any way stop us from growing to be able to compete with the leading professional wedding planner companies in the United States.

As a standard and licensed professional wedding planner company, Cloe Davenport Wedding Planners®, LLC offers a wide range of services as it relates to wedding planning hence we are well trained and equipped to services a wide range of clientele base.

Our target market cuts across people of different class and people from all walks of life, local and international clients as well.

We are coming into the industry with a business concept that will enable us work with the highly – placed people (celebrities and public figures et al) and at the same with the lowly placed people. Below is a list of the people that we have specifically design our products and services for;

  • About to wed couples
  • Religious organizations
  • Celebrities and public figures who are still singles and are getting set to wed

Our competitive advantage

No doubt, the Wedding Planners industry is indeed a very prolific and highly competitive industry. Clients will only hire your services if they know that you can successfully help them organize their wedding events and take away the stress from them.

We are quite aware that to be highly competitive in the Wedding Planners industry means that you should be able to deliver consistent quality service, your clients should be fell less stress or no stress at all and you should be able to meet the expectations of your clients at all times.

Cloe Davenport Wedding Planners®, LLC might be a new professional wedding planner company in the Wedding Planners industry, but the management team and the owner of the business are considered gurus in the industry, professional who have what it takes to grow a business from scratch to become a top brand within the shortest time possible.

They are people who are core professionals; licensed and highly qualified, people that can successfully help their clients organize successful wedding events. These are part of what will count as a competitive advantage for us. Aside from our robust experience and expertise of our team of experts, we have a very strong online presence that will enable us attract clients from any part of the world

Lastly, our employees will be well taken care of, and their welfare package will be among the best within our category (startups wedding planner companies in the United States) in the industry.

It will enable them to be more than willing to build the business with us and help deliver our set goals and achieve all our business aims and objectives. We will also engage freelance marketing agents on a commission level to help us market our services.

9. SALES AND MARKETING STRATEGY

  • Sources of Income

Cloe Davenport Wedding Planners®, LLC is established with the aim of maximizing profits in the Wedding Planners industry and we are going to go all the way to ensure that we do all it takes to attract clients on a regular basis. Cloe Davenport Wedding Planners®, LLC will generate income by offering the following services to individual clients and for corporate organizations;

10. Sales Forecast

One thing is certain, there would always be about to wed couples who would always need the services for professional wedding planners and also there would always be parties and events in the United States of America and as such the services of professional wedding planners cum event planners companies will always be needed.

We are well positioned to take on the available market in Panama City – Florida and of course throughout out the United States of America and we are quite optimistic that we will meet our set target of generating enough income / profits from the first six month of operations and grow the business and our clientele base beyond Panama City to other cities in Florida and other states in the U.S.

We have been able to critically examine the professional wedding planner market space and we have analyzed our chances in the industry and we have been able to come up with the following sales forecast. The sales projections are based on information gathered on the field and some assumptions that are peculiar to similar startups in Panama City – Florida.

Below are the sales projections for Cloe Davenport Wedding Planners®, LLC, it is based on the location of our business and the wide range of wedding planning services that we will be offering;

  • First Fiscal Year-: $150,000
  • Second Fiscal Year-: $350,000
  • Third Fiscal Year-: $750,000

N.B : This projection is done based on what is obtainable in the industry and with the assumption that there won’t be any major economic meltdown and natural disasters within the period stated above. There won’t be any major competitor offering same additional services as we do within same location. Please note that the above projection might be lower and at the same time it might be higher.

  • Marketing Strategy and Sales strategy

We are mindful of the fact that there are stiffer competitions amongst professional wedding planner companies in the United States of America; hence we have been able to hire some of the best business developer to handle our sales and marketing.

Our sales and marketing team will be recruited base on their vast experience in the Wedding Planners industry and they will be trained on a regular basis so as to be well equipped to meet their targets and the overall goal of the organization.

We will also ensure that our excellent job deliveries speak for us in the market place; we want to build a standard professional wedding planner business that will leverage on word of mouth advertisement from satisfied clients (both individuals and corporate organizations).

Our goal is to grow our professional wedding planner company to become one of the top 20 professional wedding planner companies in the United States of America which is why we have mapped out strategy that will help us take advantage of the available market and grow to become a major force to reckon with not only in the Panama City – Florida, but also in other cities in the United States of America.

Cloe Davenport Wedding Planners®, LLC is set to make use of the following marketing and sales strategies to attract clients;

  • Introduce our business by sending introductory letters alongside our brochure to corporate organizations, religious organizations, households and key stake holders in Panama City and other cities in Florida.
  • Advertise our business in relevant business magazines, newspapers, TV stations, and radio station.
  • List our business on yellow pages ads (local directories)
  • Attend relevant international and local expos, seminars, and business fairs et al
  • Create different packages for different category of clients in order to work with their budgets and still deliver quality wedding planning services to them
  • Leverage on the internet to promote our business
  • Engage direct marketing approach
  • Encourage word of mouth marketing from loyal and satisfied clients
  • Join local chambers of commerce and industries with the aim of networking and marketing our services

11. Publicity and Advertising Strategy

We have been able to work with our brand and publicity consultants to help us map out publicity and advertising strategies that will help us walk our way into the heart of our target market.

We are set to take the Wedding Planners industry by storm which is why we have made provisions for effective publicity and advertisement of our company. Below are the platforms we intend to leverage on to promote and advertise Cloe Davenport Wedding Planners®, LLC;

  • Place adverts on both print (community based newspapers and events related magazines) and electronic media platforms
  • Sponsor relevant community based events / programs
  • Leverage on the internet and social media platforms like; Instagram, Facebook, Twitter, YouTube, Google + et al to promote our brand
  • Install our Bill Boards on strategic locations all around Panama City – Florida
  • Engage in road show from time to time in targeted neighborhoods
  • Distribute our fliers and handbills in target areas
  • Contact corporate organizations and religious organizations by calling them up and informing them of Cloe Davenport Wedding Planners®, LLC and the services we offer
  • List our professional wedding planning firm in local directories / yellow pages
  • Advertise our professional wedding planning company in our official website and employ strategies that will help us pull traffic to the site.
  • Ensure that all our staff members wear our branded shirts and all our vehicles are well branded with our schools’ logo et al.

12. Our Pricing Strategy

Just like in consulting business, hourly billing for wedding planning / event management / training services is also a long – time tradition in the industry. However, for some types of professional wedding planning services flat fees make more sense because they allow clients to better predict the overall service charges.

As a result of this, Cloe Davenport Wedding Planners®, LLC will charge our clients both flat fee and hourly billing as long as it favors both parties.

At Cloe Davenport Wedding Planners®, LLC we will keep our fees below the average market rate for all of our clients by keeping our overhead low and by collecting payment in advance.  In addition, we will also offer special discounted rates to our clients from time to time especially when they recommend clients to us.

We are aware that there are some clients that would need regular access to professional wedding planning consultancy and advisory services and assistance, we will offer flat rate for such services that will be tailored to take care of such clients’ needs.

  • Payment Options

The payment policy adopted by Cloe Davenport Wedding Planners®, LLC is all inclusive because we are quite aware that different customers prefer different payment options as it suits them but at the same time, we will ensure that we abide by the financial rules and regulation of the United States of America.

Here are the payment options that Cloe Davenport Wedding Planners®, LLC will make available to her clients;

  • Payment via bank transfer
  • Payment with cash
  • Payment via online bank transfer
  • Payment via mobile money
  • Payment via Point of Sales Machines (POS Machines)
  • Payment via check
  • Payment via bank draft

In view of the above, we have chosen banking platforms that will enable our client make payment for our professional wedding planning services without any stress on their part. Our bank account numbers will be made available on our website and promotional materials to clients who may want to deposit cash or make online transfer for our professional wedding planning services.

13. Startup Expenditure (Budget)

Starting a professional wedding planner business can be cost effective; this is so because on the average, you are not expected to acquire expensive machines and equipment.

Basically, what you should be concerned about is the amount needed to secure a standard office facility in a good and busy business district, the amount needed to furniture and equip the office, the amount to purchase the required software applications, the amount needed to pay bills, promote the business and obtain the appropriate business license and certifications.

However, this is what it would cost us to start our own standard and world class professional wedding planner company in the United States of America;

  • Equipping the office (computers, printers, projectors, markers, pens and pencils, furniture, telephones, filing cabinets, and electronics) will cost – $10,000
  • Acquiring an office space that will accommodate the number of employees we intend employing for at least 6 months (Re – Construction of the facility inclusive) will cost – $35,000.
  • The budget for liability insurance, permits and license will cost – $3,500
  • Business incorporating fees in the United States of America will cost – $750.
  • The cost for accounting software, event planning apps, CRM software and Payroll Software – $3,000
  • Other start-up expenses including stationery – $1000
  • Phone and Utilities (gas, sewer, water and electric) deposits – ( $3,500 ).
  • Launching an official website will cost – $500
  • Amount need to pay bills and staff members for at least 2 to 3 months – $70,000
  • Additional Expenditure such as Business cards, Signage, Adverts and Promotions will cost – $5,000
  • Miscellaneous – $5,000

Going by the report from the market research and feasibility studies conducted, we will need about one hundred and fifty thousand ( 150,000 ) U.S. dollars to successfully set – up a medium scale but standard professional wedding planner company in the United States of America. Please note that the salary for the payment of staff members for the first 3 months is included.

Generating Funds / Startup Capital for Cloe Davenport Wedding Planners®, LLC

Cloe Davenport Wedding Planners®, LLC is a partnership business that will be owned by Mrs. Cloe Davenport and her immediate family members. They are the sole financial of the business which is why they decided to restrict the sourcing of the start – up capital for the business to just three major sources.

These are the areas we intend generating our start – up capital;

  • Generate part of the start – up capital from personal savings and sale of his stocks
  • Generate part of the start – up capital from friends and other extended family members
  • Generate a larger chunk of the startup capital from the bank (loan facility).

N.B: We have been able to generate about $50,000 ( Personal savings $35,000 and soft loan from family members $15,000 ) and we are at the final stages of obtaining a loan facility of $100,000 from our bank. All the papers and document has been duly signed and submitted, the loan has been approved and any moment from now our account will be credited.

14. Sustainability and Expansion Strategy

The future of a business lies in the numbers of loyal customers that they have the capacity and competence of the employees, their investment strategy and the business structure. If all of these factors are missing from a business (company), then it won’t be too long before the business close shop.

One of our major goals of starting Cloe Davenport Wedding Planners®, LLC is to build a business that will survive off its own cash flow without the need for injecting finance from external sources once the business is officially running.

We know that one of the ways of gaining approval and winning customers over is to offer our professional wedding planning services a little bit cheaper than what is obtainable in the market and we are well prepared to survive on lower profit margin for a while.

Cloe Davenport Wedding Planners®, LLC will make sure that the right foundation, structures and processes are put in place to ensure that our staff welfare are well taken of. Our company’s corporate culture is designed to drive our business to greater heights and training and retraining of our workforce is at the top burner of our business strategy.

As a matter of fact, profit-sharing arrangement will be made available to all our management staff and it will be based on their performance for a period of three years or more as determined by the board of the organization. We know that if that is put in place, we will be able to successfully hire and retain the best hands we can get in the industry; they will be more committed to help us build the business of our dreams.

Check List / Milestone

  • Business Name Availability Check: Completed
  • Business Incorporation: Completed
  • Opening of Corporate Bank Accounts various banks in the United States: Completed
  • Opening Online Payment Platforms: Completed
  • Application and Obtaining Tax Payer’s ID: In Progress
  • Application for business license and permit: Completed
  • Purchase of All form of Insurance for the Business: Completed
  • Leasing a standard office facility in a good location plus reconstruction: In progress
  • Conducting Feasibility Studies: Completed
  • Generating part of the start – up capital from the founders: Completed
  • Writing of Business Plan: Completed
  • Drafting of Employee’s Handbook: Completed
  • Drafting of Contract Documents: In Progress
  • Design of Logo for the school: Completed
  • Graphic Designs and Printing of Packaging Marketing / Promotional Materials: Completed
  • Recruitment of employees: In Progress
  • Purchase of the needed furniture, office equipment, electronic appliances and facility facelift: In progress
  • Creating Official Website for the business: In Progress
  • Creating awareness for the business in Smethport – Pennsylvania: In Progress
  • Health and Safety and Fire Safety Arrangement: In Progress
  • Establishing business relationship with vendors and key players in various industries: In Progress

“I will revenge this world with love”

This project is about love and obstacles in its path. The dress serves as the screen for wedding rituals, love’s romantic and dramatic moments taken from Parajanov’s films. The projection is accompanied by the audio mix made of film music and dialogue pieces.

Audio-visual installation

This project is based on the tragic story of Sergei Parajanov’s love to Nigyar, his first wife, who became a victim of traditions. Nigyar, a Muslim girl, born in the family of Moldovan Tatars, was killed by her own family soon after the wedding, because of the religious differences. Parajanov was too poor to ‘buy out’ Nigyar’s life. Such ‘honor killings’ are still widespread among many nations today.

Nigyar’s image stayed with Parajanov forever – as his tragedy, pain, inspiration and shadow. In his films, he repeatedly pictured wedding rituals of various ethnicities, as well as obstacles set by traditional families for beloved ones (‘Shadows of Forgotten Ancestors’, ‘Ashik-Kerib’).

Bride’s white dress is the core element of the installation – a symbol of Parajanov’s love to Nigyar, of the first love in general as well as a ritual element of a girl’s initiation – her symbolic ‘death’ as virgin bride and rebirth as wife.

The dress serves as the screen for wedding rituals, love’s romantic and dramatic moments taken from Parajanov’s films. The projection is accompanied by the audio mix made of film music and dialogue pieces.

Volha Salakheyeva (b. 1984 in Gudermes, Chechnya) – video-artist/VJ, curator, media specialist based in Minsk, Belarus.

Pavel Niakhayeu (b.1978 in Orsha, Belarus) – electronic musician, curator, researcher based in Minsk, Belarus. Lecturer at EHU, Vilnius, Lithuania

More about us: ( VJ Solar Olga & Pavel Ambiont )

Supported by:

This project was created during the art residency “Shadow of Freedom” at the International Parajanov Festival in Levandivka (Ukraine) organized by Lviv City Council’s Department of Culture in partnership with the Adam Mickiewicz Institute in Warsaw, The Ernst Schering Foundation Program and MitOst Association.

Video report from the Parajanov’s Festival 2017 :

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