this post was submitted on 27 Nov 2023
1 points (100.0% liked)

Entrepreneur

0 readers
1 users here now

Rules

Please feel free to provide evidence-based best practices, share a micro-victory, discuss strategy and concepts with a frame work, ask for feedback, and create professional conversation. Treat every post as if you're at work and representing the best version of yourself.

founded 1 year ago
MODERATORS
 

Been in the photo booth industry for nearly 10 years and generate $400k annually (set to do over half a mil by 2024) in the wedding and events space. I don't feel like I am the expert by any means in business or entrepreneurship, but I've built a couple successful companies on a small scale, and have an MBA, so maybe I can contribute to your success. AMA!

you are viewing a single comment's thread
view the rest of the comments
[–] Big_Gur1563@alien.top 1 points 1 year ago (1 children)

What is the salary of your employees? What does it cost you two employ one per photo booth? Or do you still gonset everything up? Just wondering price of labor?

[–] maydaybutton@alien.top 1 points 1 year ago (1 children)

Employees are hourly, obviously I have my own costs with payroll, social security Medicare etc, but hourly starts at $20 an hour and goes up over time / experience. Our average 3-hour event, employees will work (including travel which they are paid for along with mileage reimbursement) 7-13 hours. Just depends on where the event takes place. We bake in lots of time for early arrival, traffic, troubleshooting etc even though it's mostly never needed.

The secondary employee used to go along with the first, but now we've replaced them with a contractor who just shows up as a brand ambassador and works for the set hours of the event to assist guests. This way we can spread out our key players and reduce cost per event, without coming to limit it to a single attendant. So our labor costs are probably quite high in the industry in general, Even though our hourly rates are not anything crazy, merely because we want to provide the best and account for every possible thing that could go wrong in order to deliver perfection. But I'd rather invest in good labor because the people are core to the business.

[–] Big_Gur1563@alien.top 1 points 1 year ago

Sir or ma'am thank you for your reply. May your business continue to thrive.