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Unformatted text preview: As the owner and sole full-time employee of my wedding planning company, my labor costs are simple to figure out. I charge for my time and abilities. I bring experience, expertise, field connections, and saleable artistry to the table. So, my labor cost is a percentage of the total cost of my service. Presently, I have determined my total fee to be 15-20% of the total cost of the wedding I plan. Naturally this was calculated utilizing the standard labor calculation including the plan the entire wedding from top to bottom so I am not comfortable setting a flat fee for every wedding. My costs are lower than larger consultant companies, because I do not have an office or employees; with healthcare benefits, workman’s compensation insurance, etc. Some weddings are close by, but some are held around the world and require a lot of planning and sometimes even pre-wedding travel. Travel, excessive meetings, and appointments with bakers, caterers, entertainment and even site purveyors take up not only time but sometimes accrue expenses. Fees generally occur, if the item, location or purveyors take up not only time but sometimes accrue expenses....
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- Spring '10
- Microeconomics, consultant, capital costs