Why Every Wedding Pro Should Care About Good Bookkeeping

Why Every Wedding Pro Should Care About Good Bookkeeping

(Editor's note: Today we're excited to feature a post from guest contributor Stephanie Thacker of Steadfast Bookkeeping Co. Read more about Stephanie at the end of the post!)

Your wedding business is going great! You’re booking clients, collecting payments and making good profit margins, right? Or, wrong? Or, you don’t know? That’s okay - I’m here today to tell you why you should care about good bookkeeping and why it makes a difference in your business.
 
So why do I even use the term good bookkeeping? Well, because unfortunately bad bookkeeping exists. We’re not really here to talk about the bad bookkeeping but let’s just say it falls along the lines of inaccurate, not complete or pretty much non-existent. Good bookkeeping on the other hand provides accurate reports, it’s completed in a timely manner and it even plays a part in the success of your business.

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Maintaining and Upgrading Your Equipment

Maintaining and Upgrading Your Equipment

For those of us in a technical industry, purchasing and maintaining equipment is a must. Whether you’re a photographer, DJ, caterer, hairstylist or chauffeur you rely on specialized equipment and tools to service your clients' events. These items need to be in great working order so you can relax and do what you do best. The slow season or a long stretch between events is the perfect time to check out your gear, make sure everything is in tip top shape and purchase any replacements or additions.

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Independent Contractors vs. Employees: What Wedding Pros Need to Know

Independent Contractors vs. Employees: What Wedding Pros Need to Know

(Editor's note: We're thrilled to kick off our March content theme of all the operational "stuff" you need to manage in order to maintain a successful business - contracts, bookkeeping, client and team member management, and more. Today we welcome guest contributor Annette Stepanian, an attorney who's generously provided some fantastic advice for wedding business owners and other creative professionals. Take it away, Annette!)

You’ve decided to hire some extra help for your wedding business. Perhaps you’re now sending all of your graphic design needs to a local graphic designer or maybe you’ve hired an assistant to help with the day of work for an upcoming event.
 
Before hiring your next worker, it’s important to understand the distinction between what makes a worker an independent contractor versus an employee and what that means for you, the business owner. Improperly classifying a worker as an independent contractor can be quite costly for your business.

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WeddingIQ on WeddingWire's ProBlog: Why Taking the Easy Road is Hard on Your Biz

WeddingIQ on WeddingWire's ProBlog: Why Taking the Easy Road is Hard on Your Biz

It's that time again...time for my monthly article on WeddingWire's ProBlog, part of their Education Center resource for wedding pros! In this post, I've adapted one of my previous WeddingIQ articles on the topic of professional business practices.

t's kind of scary how often things like contracts and retainers get tossed out the window in favor of quick and easy sales. Still, when you're a new business owner struggling to establish yourself (or when you're a veteran who feels squeezed out of an already-competitive marketplace), I can see how it'd be tempting to go for the gimmicks.

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Sailing Through Crisis and Taking My Own Advice

Sailing Through Crisis and Taking My Own Advice

In the spring, both Jennifer and I spoke to the Association of Wedding Professionals of Greater Washington DC about Sailing though Crisis and How to Steer your Business Through Personal Disaster. We both felt at the time that we had successfully managed to maintain our businesses despite suffering several personal set backs and dealing with difficult emotional situations. Being the go-getters that we are, we were determined to put things behind us, move forward and begin rebuilding our lives. Perhaps it was hubris or simply overly optimistic thinking but the past six months have been anything but easy for either one of us.  What prompted this blog was a thought that I should revisit our presentation and take my own advice as I was having difficulty navigating this stretch of career and life. 

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