379x Filetype PPT File size 0.80 MB Source: www.msubillings.edu
Overview
Overview
•Internal Strengths
•Weakness
•External Opportunities
•Market Size / Growth
•Threats
•Number of Competitors
•Quantified, Measurable, Profits
S.W.O.T
S.W.O.T
•Strengths
• More and more couples are looking for a wedding
consultant.
• Saves Bride and Groom time.
• Offer wedding planning workshops.
• Financial Advising after marriage.
•Weakness
• We are new to the industry.
•Opportunities
• Many couples are wanting an affordable but nice
wedding.
• Weddings in 2006 were 988 in Billings.
• In Montana 6,365 wedding were held in 2006.
• If we consulted 40 wedding a year, we would have 4% of
the market.
•Market
• Targets
• Men and women between the age of 25-34 is 108,797.
• The Average age for a man to get married is 28
years old and 26 years old for women.
• Mothers and fathers of the Bride and Groom.
• Threats
• Competitors
• Montana
• Kalispell
• Romanic Weddings & Celebration
• Billings
• Gainan’s
• Bozeman
• Custom Dining Experiences
• Paradise Custom Weddings
• Great Falls
• Aaladin’s Wedding & Party Coordinating
Target / Competitors = 108,797 / 13
Market = 8,369 men and women
•Product Life Cycle
Market growth:
a stage of the product life cycle when industry sales
grow fast—but industry profits rise and then start falling.
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