RAGS TO RICHES 90 DEGREES

RAGS TO RICHES 90 DEGREES

Thursday, 17 July 2014

Wedding planner......what for?

 "...the role of the wedding consultant is that of a facilitator, mediator, money manager, artisan and constructor of dreams." If you've ever been a bride, a groom, or even a bridesmaid, you also know the kind of stress planning a wedding can bring about. Add to the above description, therapist, sounding board, mediator, and even punching bag, figuratively of course, when frazzled nerves come into play.


         On a daily basis I'm making sure that those things that have to happen on my timeline have been accomplished. Closer to the event date, I create a day of event timeline. The greatest part about this job is that no two days are alike. A day can be as mundane as going over contracts to ensure brides are getting the most for their money, or as crazy and fun as getting a mani-pedi with my bride because I want us to have a bond. You are with them the longest, so the bond must be great. Essentially, it is your responsibility to be the bride's best friend.


We will help you stay within your budget. Many couples go over budget because they aren't sure how a particular cost fits in with the big picture, or are easily swayed by costly upgrades from their vendor. A good wedding planner will help you determine what is necessary for your budget.


The average wedding will take 200-400 hours to plan, and this can be extremely overwhelming for busy couples. They can help you find the best wedding photographer or that perfect caterer for your reception—something that could take you forever to do with your busy schedule. A good wedding planner will break your to-do list down into functional bite-sized increments, making it less impossible to get things done 


They will help you make good decision, based on their years of experience. It's your first wedding, and this is their thousandth, so you will be in good hands with a wedding planner helping you make decisions.


They can understand and interpret your vision. Wedding planner's jobs are the listen to what you want and make it happen in the most realistic terms. If it's something that can't be done, they can help turn your idea into a better one that can actually work.

They will give you peace of mind that things will get done. Knowing that you have an advocate there coordinating your day allows you enjoy the moment and be a relaxed guest at your wedding, not a stressed-out problem solver.

There is a perfect wedding planner for every person and every budget. Just make sure that the planner understands your vision for your wedding, and if it's a good one, they'll stop at nothing to make sure your wedding day is the happiest day of your life.


STARTING ANEW...

I always wanted to start my very own business instead of working under someone.It is indeed a tempting thought for everyone. But what is difficult is to put the ideas together and turn it into a profitable business model. To be your own boss is no easy task.

Experts say that the first year of a venture is the most crucial. It can make or break the business. You make one mistake and it will run over the business
Here are the list of things with which I went forward.
  1. Market Research      whether you decide to do it formally or informally, you will need data on the size of the potential customer base, competition and external business environment, to be able to clearly define your revenue channels. Even though the idea may sound novel, it is possible that the market is not ready for it. A thorough research will not only reveal the potential , but also point out the limitations of the idea.
  2. Moving ahead on flawed assumptions  Even thorough research can't guarantee success . There could still be a few bugs in your business model, often in the initial financial projections and the whole business math around it.Simple solution is to beta test your prototype to find and fix the faults before the product is launched. This is also a great way to get feedback from users. It always pays to go back to the drawing board if the feedback is negative 
  3.  Keep tabs on expenses  Keeping the overhead costs low is essential for a start-up . Whether it is on furnishing the office or buying machinery, you have to be as frugal as you can be.
  4.  Underestimating Manpower needs The golden rule of entrepreneurship is not to waste time on something that can be done by someone in a faster, better and, perhaps, cheaper manner. To run the business, you need a team that can take care of various peripheral aspects and leave you with the core functions. 
  5. Maintain a financial Buffer  Many people hesitate to start a venture because they are the sole breadwinners for their families and the loss of a regular monthly income can pose problems. This is why you must estimate how long it will it be before the business can earn money. Experts say you should have a contingency fund to take care of 6-8 months of expenses. If possible , prepay any outstanding loans. If prepaying isn't an option, make sure you at least have the liability insured. Being debt-free will also help you in case you need funding for your venture .