Good afternoon, Path to Warren podcast. This is Matt Warren. It is a beautiful Saturday afternoon in Highlands, North Carolina. We’re up here, Meagan’s got a wedding she’s planning and it’s going to be in October. But but we decided to make it a great weekend to come up here and hang out. We had a great talk last night. What I wanted to share about was our new plan for working on her business. So right now the financial structure and how she gets paid for business, for planning a wedding is she normally gets a retainer of $2,500 upfront to hold the date for the wedding. And then like a month out from the wedding, she normally gets a $2,500 design fee check. And then the day of the wedding she’s supposed to get like 15% of all of the expenses, minus sales tax and things like that. But the point is she gets a big check at the end of the wedding. So what we’re trying to do is improve in 1 mile, turn left onto Flat Mountain Road, improve cash flow. So what we’re trying to do is I volunteered to help send out invoices. So I’m going to be on the payroll now, which we’ve been looking for reasons to get me on the payroll to help with taxes. But a legit reason that I’m going to be helping out is I’m going to be able to be the business manager or whatever she wants to call me. It doesn’t really matter. But sending out invoices from admin@meaganwarren.com and create a structure so that we’re getting $5,000 signing, retainer upfront, $5,000 to hold the date. Then what we’d like to do is I said it’d be much better if we did something like $1,000 a month up until the wedding and then about $2,500 for the design fee, $2,500 1 month out from the wedding. But I can send out the invoices to the clients and you don’t ever have to worry about it. But that would allow if she has four weddings going on at the same time where she’s planning four weddings to have a stream of income coming in of turn left onto Flat Mountain Road, $1,000 per bride’s parents would be way better than and I told her, I said it’s really a better deal for the parents because the parents don’t really do you really want to have to pay and come up with a big check at the end of the wedding, or would you rather pay in 1.1 mile, turn left onto Skyline Lodge Road, pay a little bit each month along the way. And if I was a dad of a daughter who’s getting married, I’d much rather pay a little bit each month because I could handle that. To come off of 15 grand or so in one chunk at the end of the wedding is like that Burns, but it didn’t burn so much to write a check for a thousand or even $2,000 a month. So I’m going to show you this picture here. This is the drive. There’s snow on the side of the road and it’s a beautiful weekend in the mountains. So like 55 degrees. Gorgeous! Hope you have a wonderful day. Remember as mom always says, make your contribution. Thanks for letting me share. And the tip of the day, by the way is cash flow. It’s all about cash flow.
