Ouch! 5 truthful reasons you “Should not be” a wedding venue owner, those are fighting words. But, can I ask you a question? Do you have any idea what it takes to be a wedding venue owner? Can I be truthful?
I’m not saying that you should never be a venue owner, but please do your research before launching into this huge undertaking.
If you have worked in the event industry before, you’ll know a bit about what it takes. But for those who haven’t let me share 5 truthful reasons why you might not want to be a venue owner.
Keeping up the venue grounds
Keeping the venue grounds in tip top shape is very time consuming and just plain hard work. Weeding the flowerbeds, mowing the huge lawn, weed eating, and watering. There are dump runs/garbage removal, bush and tree trimming, pest control, etc.
Website maintenance and social media
Social Media is time consuming and a must do. Facebook, Instagram, Pinterest, Snapchat, etc. And while you do not have to do them all (find where your audience is)it needs to be kept up.
Book keeping and taxes
My husband does this because – I could not, lol! Keeping all the receipts and recording them is very important. You want to make sure all deductions are accounted for. We use Quickbooks and an accountant at the end of the year.
Does your family agree on a venue
This is a BIG deal. So many venues have closed down because one spouse just couldn’t handle the amount of people on the property every weekend. Or, they didn’t like how the venue amenities and property were treated.
You might enjoy this post : A Venue Operation Can Only Have One Boss
Hundreds of people on your property every weekend
It’s really hard to imagine over 100 people on your property until it happens, lol! There must be a plan in place. Where will everyone go and what will they do while there.
- Cleaning: time consuming and you’ll have to keep up your own home too
- Bookings and scheduling: will you set hours or be available all the time
- Boundaries tested: how will you handle this?
- Organizational skills: you must think on your feet, continually answering questions, fixing things
- Helpers: talk to your accountant, there are rules
I need you to know that becoming a wedding venue owner is very doable. All the above, truthful reasons, for not becoming a venue owner can be remedied. No one is good at everything.
My husband does things I can’t and vice versa. We have children who help out too. You can hire others to set up your website and then you maintain, or not, lol. It’s the same with social media and cleaning.
I actually love doing all the –things! We are heading into our ninth year now and it’s still exciting for me. I believe it takes a special person to be a venue owner, and do it well. ?
If you are serious about starting a wedding venue on your property, click the purple button below and get your first taste of venue ownership.