5 Steps to Starting a Lucrative Wedding Venue Business

If you are thinking about quitting your corporate job and becoming an entrepreneur, then the thought of starting a wedding venue business might have crossed your mind.
The thing is couples love to spend a lot of money on their wedding celebrations. As a result, the wedding industry globally generated up to $160.5 billion in 2020. So, if you want to start a business, you should definitely consider owning a venue for weddings as it is very affordable.
Not only will this help couples enjoy and plan their wedding day to the fullest, but it will also allow you to take part in an industry that is worth billions of dollars.
To help you in your journey of becoming an entrepreneur, we give you the steps you will need to start your wedding venue business.
5 Steps to Starting a Lucrative Wedding Venue Business
5 Steps to Starting a Lucrative Wedding Venue Business
Photo by Shardayyy Photography from Unsplash
Create a wedding venue business plan
No matter how simple starting a wedding venue business may seem, it is important that you have a plan to follow. To make the process easier, you can use a wedding venue business plan template to help you build a successful business.
The template will serve as a guide consisting of various strategies you will need to use to achieve your most important goals for your wedding venue business. It will help make you informed decisions about key elements of your business, such as investments and resources. This plan is also required if you are looking for financing from a bank.
Remember to update your business plan as your business evolves so you can keep things running smoothly.
Find the ideal location
Once you have a solid business plan, your next step is to search for a property that can be transformed into the ideal wedding venue. For example, if you are looking for a rustic look, you can search for rural properties such as a barn that will serve as the wedding venue for your upcoming project.
On the other hand, if you are looking for something more urban, you should know that the property costs in these areas will depend on where you live and how the facility is maintained.
When choosing a location for your business, ensure that you have easy access to public transport and that the space is well ventilated.
Also, be sure that there is a flexible lease that can easily be extended as your business grows.
Protect your business with insurance and permits
As is the case with any business, you will need to consult your local authorities to obtain the licenses and permits necessary to open your wedding venue business. The process will typically involve the registration of your business, getting a business license, as well as obtaining liquor, food, and building permits.
In addition to getting your legal permits, make sure you obtain insurance to protect your business, yourself, and your employees from liability. There are two essential types of insurance that you will want to consider and these are employer’s liability insurance and public liability insurance. You may also need special equipment insurance if you have valuable art, antiques, or furnishings.
Offer flexible packages
You might consider other options to make it easier for your clients to hold their wedding at your venue, considering that they can be expensive. You can offer a variety of options, including seasonal discounts and installment plans. You may also consider customizing packages to meet client needs.
For example, you can think about offering up your space to couples that are looking to elope but still want a photographer and a beautiful venue for their ceremony. You can partner up with a local pop-up wedding vendor to provide these types of experiences to people who want to tie the knot in a special and memorable way.
Build a marketing strategy
To promote your business, you and your team must create an integrated marketing strategy. It is not only your ability to plan and execute a wedding, but also your aesthetic and style that matter in this industry. Hire guest bloggers and partner with influencers to market your venue using high-quality images.
If you want your business to achieve even greater success, you should also consider creating a user-friendly website. It should be compatible with all devices and optimized using both on-page and offline SEO.
5 Steps to Starting a Lucrative Wedding Venue Business
5 Steps to Starting a Lucrative Wedding Venue Business
Photo by Adem AY from Unsplash
Final thoughts
Although there are plenty of business ideas you can consider for your startup, launching a wedding venue business is one of the most lucrative ideas for upcoming entrepreneurs. The wedding industry is one of the ever-growing industries in the world, allowing people to start a successful business while helping couples have the best time getting married.

9 Important Things Matter before purchasing latest technology Mobile Accessories

Mobile is one of the most valuable tools that we use to complete the entire task very easily in our daily life routine. These days we depend on mobile phones for almost every task like calling, shopping, banking, gaming, video chatting, photography, messaging, and many more. Now, cell phone users demand more and more functionality in their devices according to their needs. No doubt, every year, cell phone models are coming with better features and specifications. These cell phones are upgraded with the latest technology software and hardware enhancements.

Following are the Important Tips:

1.Consider the features

You should consider some important points before buying them. There are smartphone accessories like a phone cover, camera lens, Bluetooth, charger, and earphones. While buying any device you should read all the specifications like a battery, camera, processor, display, operating system.

2. Price Drop Websites

Thanks to technology! We can shop online and save a lot of money. There are many online shopping sites where you can buy any mobile accessory. These sites provide different offers on festival occasions and in a periodical manner on their products. Purchasing accessories that you want for a long time, you can compare the prices on different platforms. We can get notifications on the internet whenever the prices of some specific products come down by using a lot of tools.

3. Money

When you select any accessories, you need to be aware of the market’s varied price range. So, you need to set a budget that you can afford to purchase the best selected electronic gadgets. Check all details of the device thoroughly before purchasing. Think about the budget and feature because technology updates in a periodical manner so we need to fulfill our requirements according to the market demands.

4. Quality and Size

These are important aspects while choosing mobile accessories. Features will not be of use if the accessory does not give perfect size, quality, and durability. Before buying make sure that the manufacturer is genuine. Sometimes some accessories cost you very little but the features usually attract customers even these accessories are not branded or trusted. The processing system of cell phones should be good enough so that users will not face any inconvenience.

5. Branded / semi-branded / unbranded

First of all, you have to know that what you are looking for? If you can afford costly accessories then you buy branded products – for example, Apple, Samsung, etc, However, if you limited money then you should purchase products that cost you very little but the features usually attract them like Xiaomi, Oppo, Zebronics, etc would be preferable. But if you want that your product will be durable then you should select branded or semi-branded products.

6.Functionality

Functions enrichment is Important for mobile phone accessories because it helps to enhance the features to meet the daily needs. So, you have to look for the best and advanced accessories if you want to avail the benefits of the best features and functionalities of a cell phone. You can check the function of accessories carefully as you are required to compete for all tasks of your daily life.

7.Warranty

Warranty is an important attribute to remember so that enhancement of your product be assured and will stand the test of time. Cost and quality are usually determined for perfect purchasing the products.

8. User Friendly:

Check user-friendliness, price, and quality of a product that impacts significantly when deciding to buy. For instance, a smartwatch cannot be called smart if it does not have a user-friendly product design and features. A USB pen drive with an additional feature of a key chain holder, adds convenience to carry. Whether it is a basic or an additional feature, a user-friendly product saves time and adds value to money.

9. Watch Unboxing and Demo Videos:

When you are satisfied with your product watch the functions of the product on the demo videos. Videos will help you to get the most accurate details about prices and functions. You can watch and absorb that how you can use your device and the functionality of the product.

Summing-up words

Many products in the market are fancy, sophisticated, and portable. These accessories make our life easy and help us to complete our tasks in our daily life. For better functionalities of a smartphone, we should have compatible mobile accessories. Make sure the product you are buying has a memorable experience. We hope that this information will help you to make a proper decision.

5 Steps To Your Mobile App Funding

If you already have an mobile app idea in your mind, you are very likely to be eager to get started with it. Aye, you must get it rolling as time to market is very important once you have validated your business concept. A recent report by Technavio found that the mobile app market is expected to grow by $497.09 billion with a CAGR of 21% during the post Covid world 2020-2024. The report suggests that there is a positive impact of Covid-19 on the mobile app market.

Infographics Source: Businesswire

To transform your app idea from paper to an actual mobile app, the best option is likely to be to hire a mobile app development company, unless your best friend is an amazing coder. Be it in-house development or outsourcing, mobile app development is a proposition that requires significant investment. While depending on the app specifics and the feature sets, the cost of mobile app development varies. Generally, the mobile app development cost ranges between $15,000 to $80,000. It can go beyond the higher value depending on the app complexity and features.

Not just the app development cost, there will be many other overheads such as user acquisition and marketing, hiring, and other operational expenses. All of it means that if you do not have a significant amount of funds to self-finance your project, you will instead need to raise capital to build and operate your mobile app. So, how do you go about getting mobile app funding? What are the steps to seek funding for an app?

A general answer to these questions is that you gain mobile app funding the same as you would get funds for any other business or startup. You can raise capital from your business contacts or investors. People need to believe that your app idea can generate ROI (return on investment) and is worth investing in. Some mobile apps raise millions of dollars of capital even before pre-development, whilst others struggle to get investment even once the application is live. However, apps getting million-dollar capital investments usually pitch with a clickable prototype of the app. These prototypes clarify the app idea to the investors by illustrating the app functionalities. Click here to knowhow to build interactive mobile design prototypes.

How to Find Initial Funding For Your App Startup?
Most of the times when people think about raising mobile app funding for their startup, they immediately jump to venture capitalists. It is obvious as “Venture Capital Investments” is a very popular term. Venture capitalists make some of the biggest investments and are seen as the “big fish” in the startup funding world. So, venture capitalists is the obvious option, but what are the other options you can look at?