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Market risk prediction and solution of wedding company
1. Calculate the market capacity, such as the number of people who get married in a specific place in a year.

2. The risk of core employees leaving, such as how to ensure the loyalty of your wedding master, and who can replace you after you leave.

At most, the company can undertake several activities at the same time, because weddings are all clustered together, such as May Day and 11th Day.

4. Risks of horizontal competition

Solution: Conduct a detailed market survey before opening, and get an in-depth understanding of some important data, such as the number of people getting married, customs, prices, etc. The core personnel can be themselves. Design a differentiated style. It is suggested to narrow down your own market as far as possible, and be absolutely ahead of this market segment, such as urban market and suburban market, and then decompose it into urban high-end market and then into northern high-end market. The above is a geographical breakdown of the market. You can also subdivide it from other aspects, such as the services you need. If you are absolutely ahead of your market segment and then expand to other markets, it will be easier to succeed.