Are You The Money Maker Type? Quiz yourself!
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.