How She Started a $20,000/Month Event Venue Business
Have you ever wonder how to start an event venue business? Well… In this video, I talk to Symone about How to start an event venue business. She was able to make about $200,000 in her first year of business and reveals her challenges and successes along the way.
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Timestamps
Intro (0:00)
Venue Breakdown (0:52)
How She Raised $50,000 (2:14)
How to Find the Right Venue Space for Business (3:49)
Negotiating with Commercial Properties (7:20)
Marketing and Pricing Strategies (10:25)
Revenue and Bookings (12:24)
Business Expenses and Management (15:52)
Venue Liability Protection (17:59)
Biggest Challenges for a New Business Owner (20:41)
What She Wish She Knew (23:00)
Become Disciplined (26:04)
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I'm Sean, a proud self-made entrepreneur, and investor. I enjoy making videos about money, both business and personal finances. I hope to inspire/educate you on your next business idea, side hustle, or any other helpful money tactic. If you get any value from watching my content, all I ever ask is that you subscribe 🙂.
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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
Пікірлер: 291
Best video thus far on how to run a successful event space business ! Great questions and loved how open and honest she was with her responses!
@Ghairco
Жыл бұрын
Hands down!!! The best
@kareemapickett8665
Жыл бұрын
Absolutely!
@joyr.1238
Жыл бұрын
100% agree. The best video I've seen on the subject. Every question I thought of, Sean asked and Symone answered thoroughly. I'm inspired for sure.
This was a great interview, she gave a lot of information on how to start. I love the fact she talked about her wins and loses. Thank you!
@SeanStandberry
Жыл бұрын
Glad you thought so! Yes, she is awesome for being so transparent
@DNB7227
Жыл бұрын
That's because the Interviewer asked so many good questions.
@SuperReginald3
10 ай бұрын
@@SeanStandberry😊😊😊
@arafatadamsapooyin3608
Ай бұрын
@@SeanStandberrythank you
So exciting! I just signed my lease and received the keys for my first event space. I’m already an event designer and balloon stylist, so I’m looking forward to see where this new venture takes me! 🥂 to all!
@corynbromwell2522
6 ай бұрын
Congrats🎉
@Lawngames4you
5 ай бұрын
That’s awesome!
@xxtotalbluexx
Ай бұрын
Congrats!🎉 any updates?
@PreciousSullivan
Ай бұрын
@@xxtotalbluexx hi yes ma’am my space is complete! 🎉
@user-oo9ez4cj4v
Ай бұрын
All the best!!!🎉 God Bless🙌🏽
This is one of the best videos I've seen on starting a specific business. Most people are afraid to share information. Wonderful interviewer and guest.
Whoa! she started the year of COVID. You are super bold. Love it, I'm glad you're doing well
Absolutely the MOST resourceful video I’ve watched on KZread as a beginner event space business owner. Loved the transparency, the honesty and attention to detail. EVERYTHING was covered! May God bless both of your businesses… my first YT comment ever, 😅
I've been seriously considering doing the event space thing over the last year or so. This is by far the most transparent video I've seen regarding this industry. I love this sister's transparency, and her giving the good, bad, and everything in between. I also loved that she has a strong background in events via the hotel/hospitality business. My biggest takeaway from this vid, is to really know and thoroughly understand your particular business, and what you're getting yourself into.
Wow! This interview was awesome! The questions were spot on, and the information she provided was genuine and thorough. Congrats! It sounds like this entire experience worked out in her favor (especially the lease forgiveness while she awaited her business license.)
This is by far the best interview of opening an event space. This has been something I've wanted to do for the last 3 years or so and am working diligently towards starting that process in 2024. I appreciate both of you for 1: asking the important, often overlooked questions and 2: giving honest answers that show your growth as an event venue owner. Spot on about not opening the venue for the money, but doing it for the passion!! This was not only a great interview, but informative training.
This was literally the beat event venue business interview I've saw! So glad I found it!
@SeanStandberry
Жыл бұрын
I’m glad you watched it 😉
This was sooooo helpful.
I must say, that was probably the best interview i have seen in a long time. Excellent and indepth question. May I request your do more business startups just like this one. Maybe how to start a youtube channel, transport business, beauty shops, spas and nail salon etc. Good job.
@SeanStandberry
Жыл бұрын
Thank you! I’m having fun interviewing business owners and asking strangers questions. It’s a bit difficult to always find/coordinate with others but I definitely want to. And good news! I’m editing a video with a beauty shop next
@Leskohelp2gmailcom
Жыл бұрын
Email ⬆️ for quick response to get access to numerous grants for your specific state
Thanks so much this was so informative
Great video! Super informative!
Thanks for sharing the details!
I like the interview videos and your interview questions! It's motivating to watch other people's processes
@SeanStandberry
Жыл бұрын
Hey Bree, thanks for the feedback! You’ve seen a ton of my older educational videos, so it means a lot to hear you liking these
@breew2968
Жыл бұрын
@@SeanStandberry no problem! It talking to business owners one on one or at networking events is more interactive, and it makes being a business owner more relatable when you see others explain their experience and talk about how they file their taxes.
This was fantastic!
This was so informative!!!
This was great!
This was so helpful!!! Thank you so much!
This is so good. Thank you
Great Info- thank you
This is awesome!
Sooooo inspirational thank you for the insight
So helpful and informative thank you!
Great video!!
I needed to see this video today!!! Just the inspiration I needed to carry on!!! Thank you and thank you!!!
Thank you for sharing! Great information
Thank you for putting put this type of content 👏
Soo helpful!!! Asked all the right questions
Love this! Love her ❤️ thank you for such a great video
Great Video!
This was very helpful! Thank you both.
Great video, definitely great info.
Great interview!! Looking to open a venue in the future! Thank you for the info ❤
Thank you so much for sharing . This video was a blessing !!!
Excellent video, really informative
Hi Symone Donaldson, I want to personally say a VERY BIG THANK YOU for your amazingly thorough and outstandingly resourceful information. I wish you the very best in this journey.❤
This was so helpful and inspiring
Great interview!
Thank u so much brother keep doin these interviews!
What an amazing video! Thank you both so much with providing so much information , it answered so many questions i wondered about as far as opening an event space. Appreciate all the knowledge u provide on ur channel, definitely subscribing!!🙌🏾🙌🏾
This was wonderful. Great job you all‼️
Asking great questions 💯
Amazing questions brotha! Keep up the good work!
You asked the best questions! Great content
Fantastic interview ! Thank you
The interview questions were on point. Thanks for sharing.
Thoroughly ENJOYED this! Thank you!!! All the best to this channel as well as this event venue. Bless up ❤
❤This was awesome information!! Great interview!
This is absolutely amazing❤
Awesome interview!
Very informative!!! Thank you guys 😊
Thank you so much for this great video. Great info
Stumbled across this video in perfect timing! Super informative and motivational 👍🏽
These are great questions! Thank you so much
This is AWESOME!!! Thank you
This was extremely helpful. The best video interview on this topic I’ve seen yet! Gained a new subscriber here 🎉
Great interview. Straight to the point with the info.
This was a great video. Thank you so much.
This is such a great interview. You guys covered all of my concerns!! 🤙🏾❤️
This is an amazing video! Really helped me with a lot of questions I had.
Very inspiring!
Thank you so much for doing this video. This was the most informative video about event spaces that I've come across thus far. I've been on my finding an Event Space journey for a while now, and I really appreciate the honesty and genuineness. Congratulations to you and I pray that you have much more success with your space and future spaces.💗
Awesome interview ❤
Excellent interview and interviewee 😊💕
This is the best video I’ve seen on this topic. Thank you for sharing this Sean (and Symone!)
Great video. You asked great questions Sean!
Wow this was the best video I’ve seen on staring your own event hall good questions and all. Good job man 👏🏼
Excellent presentation!
Keep making this kind of videos. Really good content
Encouraging video ,love it.
Loved this interview!! She is so inspiring! Every question that popped into my head as she was talking, you were right on it. Opening an event center is my dream and I'm so excited to have run across this video by accident!! Just subscribed to your channel. I would love to see her do some training or mentoring! She is so open and honest and I've never seen anyone willing to share this information before. Thank you for the video!!
This was definitely a great video helps a lot thanks! Much success
Such a great and very informative interview! Awesome some and thank you!🙏
This interview was outstanding! Thank you both!
Very informative video! Thank you both! Great questions and great, detailed answers.
This was an amazing video!!! I love her transparency and you crushed it with the questions. Well done 🙌🏻
I really enjoy this video. Thank for the inspiration and all of the information .
Best interview ever!!!! Very informative
This was such an amazing interview! Thank you both!
Great questions and interview. Thank you both!
i LOVE THIS VIDEO. YOU ASK HER EVERY QUESTION I WANTED TO HEAR AND SHE ANSWERED EVERYTHING I WANTED TO KNOW!!! THANK YOU SO MUCH.
Very inspirational 🎉
Love it, Symone, and thank you for sharing
For sure! This definitely encouraged me
Ok I’ve got a huge old schoolhouse that I’m rehabbing and the interviewer and Simone have been so incredibly helpful! I’ve watched a lot of event venue videos but for her to speak about the actual set up ,linens and everything she has to do to keep it going every month was very eye opening. Thank you so much Simone for your tireless work ethic and much luck to your business. My building has no heat, electric or kitchen. I’ve got my work cut out but the passion is there and it’s absolutely a labor of love!
Just about everything I was looking for. THANK YOU!!!
Such a great video. I love the fact that she was real about how her process went through. We have an event rental business less than a year old and we would like to add an Event Center and this video provided us with some great info. Keep videos like this coming please.
Very honest and insightful! Thanks for you both for this information.
Great interview! You dropped a lot of gems thank you!!
Best video and very well put, honest and straight forward
VERY good interview guys!
I've learned Soo much from this video. Thank you for the information
Great information! Very thorough. Thank you so much for sharing the ups and downs honestly. Super helpful.
I learned so much from this excellent interview. Thank you.
Thank you so much for this video. She was so motivating and you asked all the questions that would help someone like me who is looking to being a business owner. This was so top tier! 🏆🏆🏆🏆🏆🏆🏆
Thanks for the interview. You asked so many good questions and I love that she was so open and honest about everything!
Great interview, you asked a lot of helpful questions!
Really informative video. Thanks for posting