photo: Jesse Moore Photography
The idea of taking my DJ business to a legitimate and professional level is taking shape.
This summer I have 3 weddings booked and the first is this weekend.
I managed that with a tiny amount of word-of-mouth. no website, no ads, no wedding fairs.
I am getting to the point where I am starting to seriously consider generating some capital (money!) and trying to grow my business to a level where it can generate a sizable chunk of my income.
Where I’m at now is deciding if I want to finance my purchases myself or try and get a bank loan. As far as businesses go, I don’t think I need a ton of money (the flip being, I won’t generate a ton either so… its likely a good investment:income ratio).
If I bought the Cadillac of sound and lights that I want for the typical 100-200 person wedding, $5,000 would set me up.
BUT, I could just buy the speakers for about $3,000. And either finance interest free over 6 months or with interest over 12 months. I think I could do that with out needing a loan and with the three weddings I’m doing, come close to paying it off before summer (when it will get slow).
Maybe think about the lights in the winter and rent what I need for now. Actually, I kinda like that plan. Glad I talked it out on my blog!
In other news: I’ll need a business plan. What do you think about this style?
Seth Godin>> The Modern Business Plan
Even if I don’t seek a loan, a lot of the research I’ve done on starting a small business says you should make one. If only for the practice and to help keep the business focused.
Then I better get crackilacking on a website, business cards, set decorations and advertising.
To be in the Victoria Bridal Expo in September will cost me $700! oh vey! I’d imagine the fair in January will be similar.
Long term goals will be to figure out how to stay busy outside of wedding season with school dances, corporate events and Christmas parties.
Go with yourself.
The Morning After 