Are You The Money Maker Type? Quiz yourself!

By Paul Santiago

If your asking if there’s money in the wedding industry, the answer is yes. There are some of us who have discovered the formula and now are rich. They began very humbly and today they are amongst the most successful in the industry. Many of us try many ventures, but never make money. Is it only fate? Or the people who make lot of money have some qualities that are responsible for their success? Let us find out.

Type Of Business

What is the future of the business you are doing right now? Will it grow beyond a limit, or whatever you try, it cannot. For example, you decided to manufacture a certain product, which finds very limited use. Whatever improvement you make and price manipulation you do, the sales will never go beyond a certain quantity. For example, a candle manufacturer finds that every person in the world is his/her potential consumer whereas, for a manufacturer of light-up shoes for brides and grooms, only a limited section will ever be the buyer.

Risk taking ability

Have you ever heard of the expression, high risk, high reward? Risk-taking is an important part of every business. Most of us shy away from this. All right, at least take a calculated risk. Take risk only for a small amount that you can afford. But think of the possible results and take some risk. No successful business can be developed without risk.

Planning and management

Have you conditioned your mind and developed abilities to manage a large business? Imagine yourself on the seat of one of the owners of a large chain of wedding venues. Now imagine the kind of decisions you will be asked to make. They will require a big amount of planning and management ability. Have you developed that? Do you read books that teach this? Do you think about various scenarios and possible decisions? You need to develop those abilities so you can be ready for big moments like that. I mean not exactly like that but just the size and scope of the decision-making.

Self-awareness is an important thing to develop to be able to take the first step. Quiz yourself about these essential requirements and improve where required. Success, rather – very big success is waiting for you.

Related Posts:

Playing Around With Pinterest (Part 1)

The Pinterest Interface When you first log in to Pinterest, it can be a little overwhelming and daunting. The site looks very different from something like Twitter or Facebook and at first, the navigation might not seem that intuitive. How do you find the boards you like the looks of? How do you find your way around? When you’re first signed up and logged in, you’ll be greeted by your home feed which will take …

Read More →
Social Media Marketing Game Plan

The goal of each SMM program varies from business to business, but mainly involves building of brand awareness, increasing visibility and through this, sells a product or service.

Read More →
Are You A Control Freak? Here’s How You Can Change That!

Being a control freak isn’t as bad as it sounds. You just have to realize where your limits are and of course, it’s best if you can admit it so that you can begin to deal with it.

Read More →
Don’t miss out on your free ticket to the Wedding Business CEO Summit!

Last week I let you know about the Wedding Business CEO Summit, which kicks off on January 25th. As more details come out, this event just keeps getting better and better – you won’t want to miss it! I can’t wait for you to hear from the amazing experts being featured and learn the best strategies to go from overwhelmed & overbooked to streamlined & more profitable than ever. It’s going to be sooo good! …

Read More →