opening a wedding planner business
TRANSCRIPT
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Introduction to Business Presentation on opening a wedding planner
business
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Presentated to : Farin TasnuvaPrepared by : AKTER FARJANA ------ 12-22509-3GOMES OVIE STANLY ------ 12-22507-3RAIHAN TOPU ------ 12-22325-3GOSHWAMI AKASH ------ 12-22469-3GOMES ALEX ANDREW ------ 12-22465-3REDWANUZZAMAN ------ 12-22444-3
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ContentsName & type of
businessMissionVisionBrief description of
our companyTarget MarketServicesGrowth Trend
Pricing PowerCash FlowSWOT analysisMarketing mixHuman Resource
ManagementHandling Major
ProblemsConclusion
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“Unique Wedding Consultant” Happily Ever After
We are opening a wedding planner company in Baridhara . Our company is not so big .
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Mission Our mission is to provide higher
hospitality service in lower cost to our customers.
Vision In the primary condition by graving
customers we want to make us known and well reputed wedding planner organization in all over the country.
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Brief description of our companyOur company is in Baridhara, our company is not so big. This business will start out as a simple proprietorship. We provide services to marriages who are interested to have a wedding planner.
Target Market strategy We offer services mostly to the bride and grooms as well as the family members. Our target to make our company at the position as an experienced provider of wedding planning services.
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ServicesServices we are
providing :DecorationFood ArrangementBeauticianShopping
ConsultancyProviding Technical
Solution
Financial advisement
Fast Aid Medical Arrangement
Security SystemPhotographyCostume
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Growth TrendsGrowth trends in business are important
indicators of consumer spending patterns. We can get opportunities by using trend information. By using growth trends we can satisfy our consumer demand.
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Pricing PowerThe pricing power portion of the marketing
plan involves determining how we will price our services. Our services price are on various themes:
THEMES PRICE
Fairy tale 2,00,000
Barbie 3,00,000
Magic 1,50,000
Prince princess 2,50,000
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Cash FlowInflow Amount Outflow AmountService 45,00,000 Equipment 5,00,000
Transport Expense
10,00,000
Employees Salary
10,00,000
Advertisement 7,20,000Power Supply 1,00,000Office Rent 3,00,000
Total 45,00,000 Total 36,20,000
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SWOT analysisStrength WeaknessExpert and dedicated
management facultyNo financial problem
and enough reserved cash
Better advertisements Enough manpower
Lack of enough placeCommunication problem
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SWOT analysis (continued)Opportunity ThreatsGood support from
governmentFew competitorsPeople showing interest
on having wedding planner
Political situation also a threat
Loosing customers for competitors
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Market Analysis SummaryAs previously stated, marriage is a billion
money industry, therefore, just about everyone we meet is a potential client. However, we mostly advertise to brides, grooms, and family members
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Marketing Mix The marketing mix consists of the "4 P's.’’ The basic principles of marketing consist of product priceplace promotion.
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Marketing mixProduct PriceHigher hospitality serviceLuxurious serviceGood security service
we give different types of service on different themes and our service rate are depended on those themesthe prices are given as per themes
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Marketing mix (continued) Place PromotionBaridhara DhakaLess competitorsReasonable for nearest
customers
TV advertsNewspapers PostersBill-boardsFocusing on opening
new branches
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Human Resource Management The importance of Human Resource Management in an organization cannot be denied. In case of a wedding planner industry it gains more importance where a large number of diverse workforces have to be handled by the management.
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Human Resource Development Recruitment
Training And Development
Planning
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Method of RecruitmentDirect Methods
Indirect Methods
Third Party Methods
CAMPUS RECRUITMENTS
Newspaper advertisementsTelevision and radio advertisements
Private employment search firmsEmployment exchangesGate hiring and contractorsUnsolicited applicants/walk-insInternet recruiting
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Training And DevelopmentEducated employees.Experienced trainer.Dedicated & Hard working.
PlanningOpening new branches in future
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Handling major problems Problems Handling ProblemsCommunicating problemPolitical problemsLess customersEconomical problems
Improved communicating system
Overcomed this problemImproved our
advertising systemWe took loan from bank
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ConclusionWith its some disadvantages it is a very profitable business. We provide services to our customers at a high quality and they are happy with us. Now a days many Bangladeshi couples are showing interest to have a wedding planner in their marriage occasions.
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Thank you