Showing posts with label Enterprise. Show all posts
Showing posts with label Enterprise. Show all posts

Tuesday, 4 November 2014

Confetti Weddings and Events // The Pitch




Confetti Weddings and Events is a Midlands based wedding consultancy that offers services in weddings, civil ceremonies and anniversaries. We aim to create wedding packages that truly reflect each client’s individual personality, be it a traditional wedding or something a little more different.

We specialise in those 'quirky' weddings that are maybe not all that traditional. Whether your vision is a Harry Potter themed wedding, Game of Thrones or Star Wars we promise to make that vision come alive.

We will offer clients services in full day wedding planning, budget planning, answers to etiquette questions, and referrals to suppliers such as florists, caterers and entertainers. Your wedding is the happiest day of your life, so let us take that stress of planning the day off your shoulders.

"From Youtube, Pinterest, Lover.ly to Instragram and Facebook -- social media has dramatically changed how brides, mother of the bride, mothers of the groom and Bridesmaids explore and discover ideas for wedding planning."

As well as one on one meetings with experienced and professional wedding planners, we aim to immerse ourselves in the wedding industry with the use of social media. We aim to become the first point of call for newly engaged couples.  In order to engage with the specific target audience, young, middle class couples (21-35), social media will play a very important role in communication. Although Confetti Weddings will have a main website that will be the main hub for information and contact details, using platforms such as Twitter, Facebook, Instagram and Pinterest will be the main way we interact and engage with potential clients. 

Pulling in over £10 million annually, the wedding industry is one that is yet to see an affect after the recession. There is always a market for wedding planners as couples seek to make the happiest day of their lives as easy and stress free as possible.While the Midlands and Birmingham does have a number of wedding planning companies, a new and exciting company in the market spark clients’ interests in the company.

New and emerging technologies and communications will be of great benefit to Confetti. It will allow us the opportunity to interact with clients in ways that other companies may not. We will be available to talk to and offer help at the touch of a button.

The biggest weakness for Confetti may be the saturation of the market. Whilst there are only a small number of companies based in Birmingham, these will be heavy competition for Confetti. However I believe with our use of social media and our creative and unique styles we can beat out the competition.

In order for this idea to become a success, Confetti Weddings and Event must maintain a professional image in the market whilst giving personalised and efficient services to our clients. It will be important to maintain excellent working relationships with vendors such as florists, hair salons and bridals shops.

In order to gain valuable feedback about my idea, I conducted a focus group with other members of the Enterprise module at Birmingham City University.  After explaining my idea I asked members of the focus group questions, these included:
  • Would you use a wedding planning service when the time calls for it?
  • Do you think there is a market for themed weddings?
  • Would you use the full service or consultancy meetings?
  • Would you use social media platforms such as Pinterest and Instragram to gather and brainstorm ideas and inspirations for your wedding day?
Through asking these questions I was able to understand how my business idea would fit into the market. It gave me the chance to narrow down my idea, which originally started a run of the mill wedding service and change into something more specific which would appeal to a niche market, those who have visions of a themed wedding. 

 My biggest competitor in the market is Harmony weddings. Based in Worcester, West Midlands the company is a regional award winner with years of experience in the industry under their belt.

Offering stylish and chic services, Harmony weddings give clients a free consultation to discover a bride and grooms own personal style. The company is also able to offer their services abroad and can give couples the perfect day in the most exotic of places.

Harmony weddings will be my main competitor mainly because we are based in the same region of the UK.  Wedding planning companies will of course all offer very similar services to their clients therefore our services specialising in creative and unique themed weddings will set us apart from the competition.
http://www.harmonyweddings.co.uk/index.html

Now that I have an idea in place the next step for me will be to write a detailed business plan. This plan will help me understand how my business will come together.  It will allow me to evaluate my operations plan, financial plan and staffing plan.

Once this is complete, I will start to immerse myself in the market. By creating a strong online presence I will be able to interact with potential customers who may not have previously been looking for our services. As I have stated before, social media will play a very important role in the promotion and interaction of Confetti and its’ clients.

Monday, 3 November 2014

Engaging with your audience // Online Presence

"From Youtube, Pinterest, Lover.ly to Instragram and Facebook -- social media has dramatically changed how brides, mother of the bride, mothers of the groom and Bridesmaids explore and discover ideas for wedding planning. "

We are now living in an ages where organisations have the ability to engage with clients at the push of a button. In order to engage with my specific target audience, middle class young adults (21-35), social media will play a very important role in communication. Although Confetti Weddings will have a main website that will be the main hub for information and contact details, using platforms such as Twitter, Facebook, Instagram and Pinterest will be the main way we interact and engage with potential clients. 


Although there is a wide range of social media platforms available, one platform I won't to focus on is Pinterest. The pinning app is a great way to showcase ideas for invitations, bouquets, dresses and cakes. It is a great way for Confetti Weddings to share ideas with clients; even a bride-to-be who does not use our services will visit our Pinterest page, repin an image from Confetti and therefore remeber where the original image came from. 


Social media has significantly changed the wedding industry. The ease of interact has created online communities to share and discuss ideas, a community in which Confetti Weddings will play a large role in.





Monday, 13 October 2014

Market Segmentation

'Market segmentation allows for a better allocations of a firm's finite resources'

In the UK, the wedding industry generates £10 million annually, almost everyone you meet is a potential client and partner. It is important for a business to be aware of all the different segments that affect the operations and growth of the business.

By applying the marketing segmentation to Confetti Weddings, I can clearly see the needs of the company and assure that they are all met.



Through this I can begin to understand the different areas of the market that are important into the operation of the business. 





Saturday, 11 October 2014

Enterprise Website and Blogs

The first enterprise website I will be looking at is online Jewellery boutique DollyBowBow. Founded and created by Youtuber and blogger Kate Murnane in 2010, her accessories were inspired by her love of all things vintage, quirky and kitsch. Due to Kates popularity on Youtube she is able to communicate with customers and potential customers through a strong social media presence. Images of her products are posted on the companies Instagram and Twitter pages, or Kates own personal page. 

The second enterprise blog/website I will be looking at is SourceFed.com. Created in 2012 by Philip DeFranco, SourceFed is a news website created to compliment the Sourcefed Youtube channel. Created as part of Youtubes $100 million USD original channel initiative, Defranco revealed that he acquired the funding to launch the channel by originally promising YouTube that the channel would be run as a "celebrity gossip channel", and that it would consist of a single show rather than multiple different shows. However, DeFranco negotiated for less funding, in return to have creative control over the channel's content. Hailed as the future of news, SourceFed.com is a way for fans to view a roundup of all the weeks news stories as well as extra content. Social media plays a very important role in the expension of the SourceFed & Defranco brand and this feautures heavily on the website, with trackers to show the volume of followers per network. 
Website - www.Sourcefed.com

Friday, 10 October 2014

Brainstorming my idea



Ever since I could remember I have always had a love and fascination for the wedding planning industry. Each year in the UK, the  wedding industry generates £10 million, despite the strain and stresses of the current economic situation.

There now more of a demand for niche weddings, something a little more personal; a far cry from your traditional weddings. Here in the midlands there is a world of hidden gem wedding venues and suppliers offering unique and tailor made services.

My initial idea was create an events company that specializes in creating the perfect wedding day for guests. We will offer unique and tailor made services that will help clients visual their dream day. We will be able to offer clients a huge database of suppliers for budgets big or small, from local to nationwide.


Friday, 3 October 2014

What is it to be an entrepreneur?

"Entrepreneurship is not solely about business skills or starting new ventures;
 it is a way of thinking and behaving relevant to all parts of society and the economy."

During this semester I will be undertaking the Enterprise module.This module aims to develop our entrepreneurial skills and behaviours for working in the creative and media industries. 

In the media industry it is key for one to able to draw upon creative and entrepreneurial skills in order to succeed. Throughout this module I will develop the skills and behaviours nessecary to become a successful entrepreneur.

I will be documenting my journey this semester on this blog as well as the development of of my enterprise idea that will be assessed for my overall grade.