Starting a business is a big achievement for many entrepreneurs, but maintaining one is the larger challenge. There are many standard challenges that face every business whether they are large or small. It is not easy running a company, especially in a fast-paced, ever-changing business world. Technology advances, new hiring strategies, and now, political changes coming with the new administration, all add to the existing business challenges that entrepreneurs, business owners, and executives have to deal with.
Maximizing profits, minimizing expenses and finding talented staff to keep things moving seem to be top challenges for both SMBs and large corporations. We have been interviewing companies from around the world to discover what challenges they are facing in their businesses. We also asked each company to share business advice they would give to a younger version of themselves.
Below is our interview with Bonnie Chase, Owner and CEO at Bliss Events by Bonnie Chase:
What does your company do?
Bliss Events is a US based destination wedding and events company located in Los Cabos, Mexico. We began in Mexico, but are continually expanding, and now have the resources to design and produce events all over the world. Our services include scouting locations, securing accommodations, negotiating event vendors, managing a planning timeline and an event day timeline, event design, event setup and execution, and strong budget management. We work closely with our clients, and offer them creative, inventive ideas for how to make their wedding or event totally unique, and to bring their vision to life without exceeding their budget. Bliss Events has been in business for 8 years.
What is your role? What do you enjoy most about your role?
I’m the owner and CEO of Bliss Events. I love being able to speak with someone who I’ve never met, and give them a strong sense of security that he or she will be in good hands working with us. The satisfaction that comes when a bride hugs me at the end of her wedding and thanks me for making her dreams come true is absolutely immeasurable (much more so than the financial gain of a successful business). While my business has grown steadily over the past years, I have been able to leverage myself and my team to personally work directly with each client. In my role, I've also been able to train and nurture relationships with the members of my team. I consciously work to maintain a very positive environment that encourages creativity and innovation.
What are the biggest challenges in your business right now?
My biggest challenge right now is that my small business is outgrowing me, and I find myself struggling to decide where to leverage the efforts of others to ensure I am still available to do what I do best. Hiring the right people is a challenge and an investment. My business is a seasonal one, and we have a three-month period each year when we rarely have events. Hiring full-time staff requires careful financial planning to ensure we can pay salaries even when there isn't much revenue.
If you could go back in time, what business advice would you give to a younger version of yourself?
If I could give my younger self any advice, it would be to stop being so fearful, and just believe that everything is going to work out beautifully. Early in my career I was always afraid to make a mistake or a bad decision, run out of resources, and most of all to disappoint others. That kind of worrying is toxic, and nothing good comes of it. I would love to tell my younger self to stop putting her attention on what she doesn't want, and to focus on what she does want. I would tell her to attract the right people and opportunities by radiating positive energy, and letting go of fear. The technical part of any work is easy once you have the right attitude.