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Presentation for business [offical edition]

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Presentation for business [offical edition]

  1. 1. A Wedding Consultant Business Plan Presented by Lai Min Hui, Cheah Ee Von,Chew Woanchyin, Gennieve Lee
  2. 2. Suit up for a whirlwind of fun wedding memories Symbols designed by Ee Von
  3. 3. Company Summary • Lace and Tie is a startup wedding consultant , which will focus on providing weddings • our goal is to make a beautiful, memorable and as stress-free as possible in the clients’ wedding day.
  4. 4. Services • weddings • bridal party • receptions • anniversaries consultations • budget planning • referral services to florists, hair stylists, bakery, musicians, etc.
  5. 5. Mission • hoping to create unforgettable memories as dreamlike and fun as possible • sticking to realistic budget • planning under a stress free environment.
  6. 6. Keys to Success • Maintain a professional image at all times. • Able to perform duties under critical and emergency situations.
  7. 7. Company Locations and Facilities - Initially this will be a home-based business - plan to have our own office by Year 4 if - all debts is paid and the - rolling flow of cash is stable - company is making profit annually.
  8. 8. Ownership • simple 4 partner-partnership • owned by its founders, Lai Min Hui, Cheah Ee Von, Gennieve Lee and Chew Woanchyin. • owners have complete control and authority over the business.
  9. 9. Services’ details • event scheduling • etiquette advice • guest invitations & attendance’s RSVPs, • vendors & location confirmation • ceremonial and reception supervision • counseling • the set up of decorations according to the theme assigned by the client to the reception.
  10. 10. Start up summary 0 5000 10000 15000 20000 25000 30000 35000 40000 45000 50000 Year 1 Year 2 Year 3 Expenses Assets Investment Loans
  11. 11. • our start-up cost will be RM 20,000 • RM 20,000 will be as operating capital • RM 10,000 as cash in hand • RM30,000 loan as financial back up.
  12. 12. Management summary • 5 Consultants consisting of 4 founders & 1 hired professional • Min Hui & Woanchyin will focus more on management & administrative • Part time workers would be more than full time
  13. 13. Marital Status of Malaysians in Year 2010 Married Never married Widowed Divorced
  14. 14. The Competitors • MY Wedding Planner • Stephen Foong • Joan Wedding Planner • The Wedding Project
  15. 15. The Clients
  16. 16. The Method • Services that we aim to beat our competitors: • Custom made wedding cakes & catering services
  17. 17. • Decoration
  18. 18. • Venue
  19. 19. • Stationery and printing services
  20. 20. Potential Partners: Wedding cakes Catering services Decoration Stationary Cinematography Florist & Printing Services & Photography
  21. 21. Sales Strategy • Advertising in local newspapers • Advertising through social media • Word of mouth referrals • Developing associate relationships
  22. 22. 30000 120000 480000 Year 1 Year 2 Year 3 Forecasted Sales by Year Brides & Grooms Others
  23. 23. Further Expansion • will consider re-registering as a limited liability company or as a corporation • Lace & Tie plan to have branches in all the major cities of Malaysia in the near future • own in house decoration & printing subdivision established.
  24. 24. Conclusion - nearly RM 35 billion are spent every year on weddings and receptions. - rate of weddings per year increases. - the demand of a professional wedding consultants had increase as well. - competition is not fierce, good opportunity - good investment.
  25. 25. READY FOR BUSINESS. RESERVE NOW!
  26. 26. References • Bplans (1996-2013), Wedding Consultant business plan, available at http://www.bplans.com/wedding_consultant_business_plan/executive_summary_ fc.php#.UTYXeqXbBUR • Ruffled (2008-2013), Ruffles, available at http://ruffledblog.com/golden-winter- wedding-ideas/ • 3pm Studios (2013), [Video] Steve & Mandy Wedding Highlight

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