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.
|Weddings by Jamie||Cherished Moments|
|Phone/voice mail/answering machine||$76||$320|
|Desk, chair, file cabinet(s), bookcase||$400||$1,120|
|Letterhead, envelopes, business card||$200||$300|
|Miscellaneous supplies (pens, folders, etc.)||$50||$50|
|Extra printer cartridges||$25||$80|
|Extra fax cartridge||$0||$80|
|3.5-inch floppy disks||$7||$12|