This 16 page paper is a plan to start up a wedding planning business in Boston. The plan looks at the proposed business structure, the personnel, the location as well as the target market and marketing. The paper then looks at the financial projections including cash flow, break even point, income statements and balance sheet for the end of the first year. The bibliography cites 4 sources.
Name of Research Paper File: TS14_TEwedplan.rtf
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3. Finances 11 3.1 Start Up Costs 11 3.2 Projected Cash Flow 12 3.3 Income Statement 14 3.4 Balance Sheet 15 4. Conclusion 16 References 17 Table 1 Start Up Costs 11 Table 2 Cash flow for the first year 13 Table 3 Income statement 15
Table 4 Balance Sheet 16 1. Introduction There are many industries where there will be booms and declines. However, one industry that appears to contradict the cyclic
trends is that of weddings. The trend has been one that has increased over the past few decades. Divorce may be increasing, leading to larger numbers of second weddings. With
a high level of pressure on the bride and groom, and the desire for a memorable wedding and disposable incomes rising there is also the increased use of wedding planners.
Wedding planners are able to relieve a great deal of pressure; they have contacts that brides may benefit from and experience that can add to the overall presentation and management
of the event. This is the reason behind the increasing demand for wedding planners. The plan is to set up a wedding planning company in Boston, Massachusetts, this is
an area where there are a lot of weddings and an economy that is likely to support this type of business. 1.1 The Proposed Business The proposed business will be
called Brides Bliss Wedding Planners. There are several reasons for this name choice, the psychological association with the word bliss, this is beyond happiness and is also associated with relaxing
and ease. As brides suffer from stress and they are the focal point of the organizations this is a choice to seek to convey the values of the new company;
taking the strain and stress off of the bride. There is also the added advantages that the names is early in the alphabet, to in alphabetical listings of bridal services
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