I remember when I started out in this business almost 17 years ago, I had no clue about what I needed nor was their anyone around to ask questions about business start-up expenses. Opening the doors of your wedding and event planning business isn't going to cost you an enormous amount of money, but you do want to invest wisely in your image. Because what the client sees is what helps then decide to make that call or send that e-mail.
Below are some estimated start-up costs for a wedding & event planning business*:
- Logo Design - $100-200. Hire a graphic artist to create your business color palette and a logo. This is the foundation of your business branding process and will follow you for many years
- Website Design - $800-$3500. If you can finance it, I suggest you hire a web designer to create your site. Although there are some really good website companies that have over 200+ templates allowing you to create/design your own site for a nominal monthly fee, there is a BIG chance that someone in this industry will have your website design.
- Business Stationery (business cards, letterhead, envelopes, media kit, brochures) - $500. You want all of your stationery to be off good quality and to match your website design. This will show cohesion within your business.
- Office Equipment (desk, chair, computer, printer, software, cell phone) - $2,000. You MUST have a designated space and items to create a workspace. This is your business and where the motivation and creation begins
- Legal Fees - starting at $300. Have a lawyer review any information, especially contracts, that you will be asking your clients to sign. You want to be in compliance with the law and to make sure you are covered.
- Business Licensing and Insurance - starting at $100 per month. You want to make sure your business is covered. If you are going to have a home-based business, contract your homeowners insurance company to discuss your options and your county/village about licensing.
*these prices are only estimates and not concrete figures. Do the research within your area before making purchases.