Facebook Twitter Instagram
    Trending
    • KRK Launches New Kreate Series Studio Monitors
    • Club Choices DJ [Mobile Monday Spotlight]
    • Hugo Drax, ADJA President, Passes Away
    • Spencer Brown, John Digweed & Nick Muir Release “Relentless” Collab via Bedrock
    • Deadcode’s “Left You For Dead” Gets Steve Aoki Remix Treatment
    • DJ Life Magazine Issue Vol.5 No.3
    Facebook Twitter Instagram
    DJ Life Magazine DJ Life Magazine
    • Home

      KRK Launches New Kreate Series Studio Monitors

      June 24, 2025

      Club Choices DJ [Mobile Monday Spotlight]

      June 23, 2025

      Hugo Drax, ADJA President, Passes Away

      June 20, 2025

      Spencer Brown, John Digweed & Nick Muir Release “Relentless” Collab via Bedrock

      June 20, 2025

      Deadcode’s “Left You For Dead” Gets Steve Aoki Remix Treatment

      June 20, 2025
    • Magazine
      1. Issues
      2. Buy Print Issue
      3. Subscribe
      Featured

      DJ Life Magazine Issue Vol.5 No.3

      By Mark MancinoJune 19, 2025
      Recent

      DJ Life Magazine Issue Vol.5 No.3

      June 19, 2025

      DJ Life Magazine Issue Vol.5 No.2

      April 18, 2025

      DJ Life Magazine Issue Vol.5 No.1

      February 26, 2025
    • Interviews
      1. Interviews
      2. Mobile DJ Profiles
      Featured

      David Guetta: Giant Steps [Interview]

      By Mark MancinoMay 13, 2025
      Recent

      David Guetta: Giant Steps [Interview]

      May 13, 2025

      Restricted: Face 2 Face [Interview]

      May 9, 2025

      Booka Shade: Making ‘For Real’ [Interview]

      May 7, 2025
    • Tech
      1. Tech News
      2. Tech Reviews
      Featured

      KRK Launches New Kreate Series Studio Monitors

      By Mark MancinoJune 24, 2025
      Recent

      KRK Launches New Kreate Series Studio Monitors

      June 24, 2025

      Avid Supercharges Pro Tools with Splice Integration & AI Tools

      June 18, 2025

      Studio All-In-One: Reloop KeyPad Pro

      June 13, 2025
    • Music
      1. Music
      2. DJ Playlists
      3. Mixes
      4. DJ National Club Charts
      Featured

      Spencer Brown, John Digweed & Nick Muir Release “Relentless” Collab via Bedrock

      By Mark MancinoJune 20, 2025
      Recent

      Spencer Brown, John Digweed & Nick Muir Release “Relentless” Collab via Bedrock

      June 20, 2025

      Deadcode’s “Left You For Dead” Gets Steve Aoki Remix Treatment

      June 20, 2025

      Zerb & Channel Tres Redefine Disco on “24h In A Disco”

      June 13, 2025
    • Events

      RISE Festival Celebrates 10 Years of Light, Sound & Transformation in the Mojave

      June 18, 2025

      Framework to Celebrate 20 Years of Innervisions with Rare LA Showcase

      June 17, 2025

      Bayfront Bark: Ultra Music Festival’s Free Pet Adoption Event

      June 13, 2025

      Red Bull B2B Set to Make U.S. Debut

      June 5, 2025

      CRSSD Festival Unveils Fall 2025 Lineup

      May 20, 2025
    • Tips
      1. DJ Tips
      2. Business Tips
      3. DJ Life Lessons
      Featured

      Email-Marketing Refresher: Drip Campaigns & More

      By Jordan St. JacquesApril 11, 2025
      Recent

      Email-Marketing Refresher: Drip Campaigns & More

      April 11, 2025

      Tech Tips with DJ JAS: Creating Wireless Speakers

      March 12, 2025

      DJ Idea Sharing: Really… Who Cares?

      February 27, 2025
    • Mobile DJ
      1. Mobile DJ Profiles
      2. Mobile Monday Spotlights
      3. Wedding DJ
      4. Business Tips
      5. DJX Subscribe
      Featured

      KRK Launches New Kreate Series Studio Monitors

      By Mark MancinoJune 24, 2025
      Recent

      KRK Launches New Kreate Series Studio Monitors

      June 24, 2025

      Club Choices DJ [Mobile Monday Spotlight]

      June 23, 2025

      Red Velvet DJ [Mobile Monday Spotlight]

      June 16, 2025
    • DJX Show
    DJ Life Magazine DJ Life Magazine
    Home»Tips»Business Tips»Conversations & Cocktails With Jerry via Zoom on Jan. 24
    Business Tips

    Conversations & Cocktails With Jerry via Zoom on Jan. 24

    By DJ LifeJanuary 17, 2024
    Share
    Facebook Twitter LinkedIn

    Many entrepreneurs enter the market with the best intentions yet struggle to survive due to a lack of operational and financial experience.

    Post Covid the wedding industry experienced a rapid growth in revenues which exceed 26.58% in 2022, causing a surge of new venues and wedding vendors to enter the industry knowing that consumer savings and disposable income were readily available. In 2023, the wedding market quickly contracted and returned to a normal growth rate of less than 9% while entrance into our industry continued at a very brisk pace. Many entrepreneurs enter the market with the best intentions yet struggle to survive because of the lack of operational and financial experience.

    In 2024, the contraction of growth is predicted to continue and fall further to less than 5% growth in revenues and a tightening of consumer discretionary spending. A significant event in 2023 which was the return of student loan payments immediately had a negative effect on discretionary spending with 44 million people now faced with monthly debt payments. Demand for wedding services is vulnerable to economic conditions, and typically drops during periods of economic uncertainty and volatility. Consumer spending on catered events decreases when finances are tight and may use value-oriented alternatives and options.

    According to the 2023 Wedding Report released in the 4th quarter of this year. 2,016,383 weddings will take place in the US in 2023 at an average cost of $30,266. While the number of weddings is projected to dip slightly next year (to 1,998,165), spending is still expected to rise to $31,118, before the wedding count rebounds in 2025 to 2,006,904 weddings with an average spend of $31,695. As wedding costs rise, more than a third (36%) of respondents to the survey, which included various categories of wedding vendors, say they’re seeing a 10-24% cut in guest counts and an average decrease of 15-20% in wedding budgets. Also, almost half (46%) of respondents believe their business will be better off financially a year from now.

    In recent financial surveys the key concern for small business owners is retaining employees, meeting payroll, and managing the bottom line until inflation stabilizes. In the next few years, it will require small business owners to take a disciplined approach to balancing financial management and sales management. As a lender and business owner myself, I have successfully navigated four economic downturn cycles and continued to maintain a profitable business and helped the majority of my clients remain in business. The information shared in this interactive conversation will be both informative and practical,  helping you to achieve a balanced growth of your business.

    Register and receive the Zoom link to attend at https://www.nacemaine.com.

    Contributor: Jerry Bazata

    Featured Photo: Abraham Aguilera

    Business Latest mobile dj mobile djs Wedding Wedding DJ

    Related Posts

    KRK Launches New Kreate Series Studio Monitors

    Club Choices DJ [Mobile Monday Spotlight]

    Hugo Drax, ADJA President, Passes Away

    Deadcode’s “Left You For Dead” Gets Steve Aoki Remix Treatment

    Red Velvet DJ [Mobile Monday Spotlight]

    Zerb & Channel Tres Redefine Disco on “24h In A Disco”

    Comments are closed.

    Latest Posts

    KRK Launches New Kreate Series Studio Monitors

    June 24, 2025

    Club Choices DJ [Mobile Monday Spotlight]

    June 23, 2025

    Hugo Drax, ADJA President, Passes Away

    June 20, 2025

    Spencer Brown, John Digweed & Nick Muir Release “Relentless” Collab via Bedrock

    June 20, 2025
    Facebook Twitter Instagram
    • About
    • Digital Editions
    • Subscribe
    • Contact
    • Privacy Policy
    © 2025 DJ Life Magazine

    Type above and press Enter to search. Press Esc to cancel.