The business plan outlines the goal of starting a wedding planning business, identifies target customers, and creates financial plans to secure funds and revenue models to generate money, and many more. It helps you to understand the business structure, it also determines if you need a business licence, open a business bank account, and choose a business name.
You can get ideas from these Wedding Startups in India.
Register the wedding planner business
Registrating your wedding plan business is important to operate legally. You have to choose to register as a sole proprietorship, general/limited company, or limited liability company. Small wedding planner businesses offer to be registered as LLCs. If you are unsure which to choose consult an attorney. Once you choose the required consultation. When the business structure is chosen, select your name and register a domain. Also don’t forget to obtain an EIN (Employee identification number) even if your business is a one-person business because if your wedding planner business grows, you need to scale the staff.
Here is the list of Best Event Management Startups in India.
Open a bank account for wedding planning business
Separating business account and personal account transactions is important for the growth of your wedding planner’s business. An EIN helps you in getting a business credit card or business bank account. Wedding planners often work from a home-based office or go out to purchase décor or marketing products. Business credit card helps to complete purchases easily. It also helps in filing for taxes seamlessly.
Here is details about the Best Matrimonial Websites in India 2024.
Conclusion – Wedding Planning Business
Starting a wedding planning business in India is one of the best business ideas, it is one of the most successful business ideas. To start a wedding planning business it is important to have proper research and skills. Also, it is important to clearly with your clients which type of services you are going to offer.
Know more about the India’s Best Wedding Planners.
Faqs – Wedding Planning Business
How do start a wedding planning business with no experience?
Starting a wedding planning business with no experience is possible by following these steps:-
1. ResearchÂ
2. Get EducatedÂ
3. Gain ExperienceÂ
4. Create a business planÂ
5. Choose a business structureÂ
6. Register your businessÂ
7. Set up financeÂ
8. Build a portfolioÂ
9. Create a brandÂ
10. Network and MarketÂ
11. Keep learningÂ
How to start your own wedding planning business?
To start your own Wedding Planning Business, it is essential to Get all the training and skills to kickstart. In the wedding planning business, it is important to have a well-crafted business plan or proposal ready for pitch.Â
How to start a bridal shop business?
To start a bridal shop business follow these steps –
1. Inquire into the Market/ Business Name
2. Select a Business Strategy
3. Get Mandatory Licenses and Registrations
4. Company Formation
5. GST Registration
6. Choose locationÂ
7. Create a business accountÂ
8. Marketing
How much does it cost to start a wedding planning business?
To start a wedding planning business, it will be around  5 lakh to 15 lakh rupees.
