Building a venue is exciting, but what does it actually take to turn an idea into a thriving business? Before the first booking, there are business plans to write, funding to secure, city approvals to navigate, and countless decisions that can make aspiring venue owners question whether they're on the right path.

In this episode of The Venue Nest Podcast, hosts Ashley Shepherd and Kelsey Smith share essential advice for new and aspiring venue owners. They discuss creating a solid business plan, conducting market research, securing capital, navigating commercial lending and city ordinances, and building a team rooted in strong core values. Ashley and Kelsey also explore practical hiring strategies, marketing a venue that doesn't yet exist, and using storytelling, social media, and community trust to attract future clients. Whether you're building, buying, renovating, or simply dreaming about owning a venue, their message is simple: stay persistent, trust the process, and keep moving forward.

Through Venue Nest, they aim to create a supportive community where venue owners can connect, learn, and feel less alone in the challenges of building and growing a venue business.

00:00 Advice for New Entrepreneurs

01:54 The Business Plan and Market Research

04:09 Presenting to Investors

07:09 Defining Company Values

10:09 Effective Hiring Practices

12:28 The Challenges of Building a Venue

17:18 Selling a Venue That Doesn't Exist Yet

20:40 Building Trust and Community

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