How She Started a $20,000/Month Event Venue Business

Рет қаралды 111,623

Күн бұрын

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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Follow me on Instagram: @SeanStandberry
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: 316

@AlexaAnaiis Жыл бұрын

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.

@MommyRoomREDO 10 ай бұрын

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.

@girlfriendznetworkinggroup5655 Жыл бұрын

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 11 ай бұрын

@@SeanStandberry😊😊😊

@arafatadamsapooyin3608 2 ай бұрын

@@SeanStandberrythank you

@chasebandstv3790 4 ай бұрын

“ if you scared just become disciplined “

@realestatedoc7027 Ай бұрын

Whoa! she started the year of COVID. You are super bold. Love it, I'm glad you're doing well

@PreciousSullivan 9 ай бұрын

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 7 ай бұрын

Congrats🎉

@Lawngames4you 6 ай бұрын

That’s awesome!

@xxtotalbluexx 3 ай бұрын

Congrats!🎉 any updates?

@PreciousSullivan 3 ай бұрын

@@xxtotalbluexx hi yes ma’am my space is complete! 🎉

@user-oo9ez4cj4v 2 ай бұрын

All the best!!!🎉 God Bless🙌🏽

@teresam5199 25 күн бұрын

Simone is awesome! And I think her degree most certainly contibuted to her success: 1) she learned how to think critically, plan strategically, problem solve, research and become disciplined and consistent to reach benchmarks and goals; and 2) her hospitality degree no doubt qualified her for the positions at the hotels where she gained her work experience. All things worked together for her and I wish her the best!

@meekbeing 24 күн бұрын

Thank you so much for pointing out the value of Simone's education... YES...U don't need a degree to start a business... and a lot of people from my culture frown on College saying that College aint for everyone but, I think EDUCATION is for EVERYONE ... you just gotta go to school for Useful things Not passion projects... that being said... to your points... Simone's Education coupled with her Experience has given her an advantage that is going to bear fruit long term for the foreseeable and unforeseeable future. #My2Cents

@Fcullins Жыл бұрын

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.

@kmob219 Жыл бұрын

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.

@andytorres6595 3 ай бұрын

Absolutely the MOST resourceful video I’ve watched on KZfaq 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, 😅

@arafatadamsapooyin3608 2 ай бұрын

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.❤

@yawnalaury9743 Жыл бұрын

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 😉

@4731Reallymred Жыл бұрын

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!

@verdonwms Ай бұрын

Best video and very well put, honest and straight forward

@aaronwolford1547 3 күн бұрын

One of the best videos I've seen! Great questions and great informative answers!

@jasminevaldez8328 Жыл бұрын

This was an amazing video!!! I love her transparency and you crushed it with the questions. Well done 🙌🏻

@shannonoakley-moore2292 Жыл бұрын

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!!

@TheJazzyWay Жыл бұрын

This was such an informative video. Both individuals were professional. Camera quality and audio crystal clear. Well done

@teerice27 Жыл бұрын

AMAZING video! Sean asked all the right questions, and I appreciate Symone's willingness to share. Thank you both!

@user-so2iu7lc3v Жыл бұрын

I needed to see this video today!!! Just the inspiration I needed to carry on!!! Thank you and thank you!!!

@jnthao14 Жыл бұрын

Thanks for the interview. You asked so many good questions and I love that she was so open and honest about everything!

@meagain6008 Жыл бұрын

Thoroughly ENJOYED this! Thank you!!! All the best to this channel as well as this event venue. Bless up ❤

@soniadenny700 Жыл бұрын

Stumbled across this video in perfect timing! Super informative and motivational 👍🏽

@tyeshyawilliams1698 18 күн бұрын

What a great video. Great questions and awesome answers. Thank you both for a worth while video! I'm inspired!!

@cjp-427 Жыл бұрын

This was an absolutely amazing interview. Every question I had you asked this young lady. You did such a good job as an interviewer. Keep up the good work.

@kadogosoti1552 21 күн бұрын

This was a good interview, thank you both!

@tamgsmith Жыл бұрын

This is the best video I’ve seen on this topic. Thank you for sharing this Sean (and Symone!)

@quickstrike06 22 күн бұрын

Good video. Just what I was looking for. Thanks.

@Jewells899 18 күн бұрын

This video popped up and I’m glad I watched it! Great interviewer and interviewee. They covered a lot of information that most people don’t share. I definitely learned from this video. New sub!

@allthingseuphoria Жыл бұрын

Wow thank you so much for being so transparent and honest! Excellent questions and very informative and helpful!

@pamelarcooper-md8ct Жыл бұрын

That was an excellent interview! Great information and knowledge without all the fluff. She answered all of my questions and some I didn't even think of.

@BeautyByMondayLLC 3 ай бұрын

This is the best video I've seen yet on the subject. Great questions and very detailed answers. Love it. Thank you.

@warlynsosa3087 17 күн бұрын

Thank You So much for this interview. Lots of great information

@djgainsbond Жыл бұрын

This was wonderful. Great job you all‼️

@Angel_Hearted50 Жыл бұрын

You did an amazing job interviewing her. She did an amazing job developing her business. This is a wealth of information.

@Sugarxspicenails Жыл бұрын

This interview was outstanding! Thank you both!

@mrsdudley20101 Жыл бұрын

Really REALLY great info! Thank you so much for shedding light on this topic. Can you provide a list of wholesaler that you used to purchase your inventory? I'm sure a lot of people who are looking to start this type of business could benefit from all the GEMS you were dropping! I can't THANK YOU enough!

@redfireflyncg 2 ай бұрын

I really enjoy this video. Thank for the inspiration and all of the information .

@niceapples00 Жыл бұрын

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!!🙌🏾🙌🏾

@TXBEMedia 9 ай бұрын

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.

@lashaiagbor259 2 ай бұрын

Best start business video ever! You definitely gained a subscriber

@kae6250 Жыл бұрын

Thank you both for this video. This information was much needed. Symone is so blessed to have been able to work in hospitably prior to opening her business. I wish you both many blessing of success.

@jeaniusmotivation Жыл бұрын

This is informative and on point, and gave realistic expectations thank you

@alphonsogbojueh6648 Жыл бұрын

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.

@lashannedozier7019 Жыл бұрын

This was very helpful! Thank you both.

@latoyachisholm3157 Жыл бұрын

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.💗

@dwaynecurtis351 Жыл бұрын

Great interview! Appreciate the honesty and positive responses. Thank you both. 😊

@nikcar1 2 ай бұрын

Thank you so much for sharing . This video was a blessing !!!

@brandyc6025 Жыл бұрын

This was so informative!!!

@Forevermiraj 8 ай бұрын

She was amazing I can totally see her passion shine through. You asked great questions and neither one of you held back on information great interview and space

@leaisham4932 6 ай бұрын

So helpful and informative thank you!

@courtneywillis9584 Жыл бұрын

Ohhhh my goodness. I love her. She is so forthcoming and informative. Thank you, thank you, thank you. Please bring more interviews like this. Love it!

@ChromeDiesel0023 Жыл бұрын

May God continue to bless her and her business for sharing her business success and lessons with us! Most aren’t willing to share! I’m looking to own a event studio but having a hard time finding something affordable.

@utubs100 Жыл бұрын

Great questions and interview. Thank you both!

@breew2968 Жыл бұрын

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.

@renarich5 Жыл бұрын

Very informative video! Thank you both! Great questions and great, detailed answers.

@geohaynes Ай бұрын

Very helpful and insightful interview! A lot of useful tips. Thank you for this

@missiontomedicine Жыл бұрын

This was extremely helpful. The best video interview on this topic I’ve seen yet! Gained a new subscriber here 🎉

@lasugarbelle 5 ай бұрын

This was such an amazing interview! Thank you both!

@ravinakaushal1265 9 ай бұрын

These were amazing questions. I’ve learned so much. Thank you for such an informative video. Keep going brother. ♥️looking forward to more videos.

@ladyb20021 Жыл бұрын

Very informative!!! Thank you guys 😊

@yolediejoseph9444 Жыл бұрын

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! 🏆🏆🏆🏆🏆🏆🏆

@jessicareyesnyc2211 6 ай бұрын

Soo helpful!!! Asked all the right questions

@newkid252 Жыл бұрын

This is such a great interview. You guys covered all of my concerns!! 🤙🏾❤️

@ShowsNReviews2 3 ай бұрын

What an amazing video. Graat questions and answers. Thanks to you both for sharing with us. Totally appreciated. God Bless you both on your journeys.

@samanthasamples4908 Жыл бұрын

This information can definitely be used no matter what industry you’re in. I also noticed how a background in hospitality played a big role in understanding the event industry. Sometimes your 9-5 is the experience for your own business without paying the cost for knowledge.

@Trishlove007 8 ай бұрын

This video was so informative and thorough!! I feel prepared and equipped with the right information to start. I love this video

@edyyariel7729 Жыл бұрын

Wow this was the best video I’ve seen on staring your own event hall good questions and all. Good job man 👏🏼

@def9596 Жыл бұрын

Awesome video! Great Q&A. Thanks for sharing the details of this business.

@HomeStyleWithKerri Жыл бұрын

Great information! Very thorough. Thank you so much for sharing the ups and downs honestly. Super helpful.

@dacaptain5865 Жыл бұрын

Just about everything I was looking for. THANK YOU!!!

@d.h.5 2 ай бұрын

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.)

@Primepeace Жыл бұрын

Amazing questions brotha! Keep up the good work!

@VanessaEvans-kz7yv 11 күн бұрын

Great questions. Great interview. 👍

@akousalawrence372 Ай бұрын

This was a great video very informative. I am an event planner and wanted to start my own event business but after watching this Im going to start looking at venues in my area. Thank you! 🎉😊

@sharoncardoza4458 Ай бұрын

I really find your interview very informative, as I'm considering going into events planning, thank you , and all the best to her

@jesslocd 9 ай бұрын

This was the best video I've seen on starting an event space. It was so inspiring and answering all my questions! I'm working toward saving for my event space and I cant wait see my vision fulfilled!!

@girl-gx2ls 25 күн бұрын

Very useful info and encouraging.

@everydaymindfulnessmoments Ай бұрын

This was an amazing interview.

@onlyrhonda 5 ай бұрын

This is an amazing video! Really helped me with a lot of questions I had.

@lilablanchard6408 Жыл бұрын

These are great questions! Thank you so much

@Ghairco Жыл бұрын

Great video. Congrats to her. You can automate your business. It’s lots of things you can do to give yourself more time for yourself 🎉

@janaechristina 4 ай бұрын

1 year later and this video is still so so insightful and inspiring thank you!

@gisellecruz2583 11 ай бұрын

I don't often comment on youtube videos, but sheesh!!! You asked such great questions. And kudos to her, her answers were detailed, and she was so open. I'm opening an event space next year, and this was extremely helpful! Thank you :)