Monday, August 26, 2013

Anyone know of an affordable home theater system with wireless rear speakers?

best speaker system for small apartment
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andrewfier


Long story short, I'm looking for a surround sound system with wireless rear speakers because I lease an apartment and don't want to drill holes to hide the wiring from the front to the back of the room.

I know of some systems that have wireless rear speakers, but the cheapest one I've seen was a BOSE system for $1,499 which is a bit much for an apartment. I don't need it to be that powerful. I've got other tenants to contend with.

Any suggestions would be great.



Answer
Most home theater systems that offer "wireless" rear speakers will still have some wires to the rear speakers. Basically they have a transmitter on the main receiver unit and a smaller receiver box that the rear speakers are wired to.
Panasonic's current set of home theater sets have the wireless rear speakers packaged with the theater systems. you can find those sets starting at around $300.

How much money do you need to start a event planning business?




nicole t


How much do I need to start my small business?


Answer
Hi Nicole,

Event planning is a highly competitive industry, this is due, in part, to the potentially high profits and low barriers to entry in the industry. The services you are selling are essentially your time and expertise.

So, you need to cover your own wages. As event planners earn their fees in a variety of ways, there may be a variety of lead times on your payments. For example, you may charge a flat rate per hour or per day (maybe even per event) to your client which is likely payable anywhere between 28 and 90 days after the event for commercial events. Alternatively you may attract commissions for booking various services (such as catering, entertainment etc.) on behalf of your client. These commissions are usually paid after the event, so you will need sufficient funds to cover your mortgage/rent, car payments, and other living expenses during this time.

Many event planners work as freelancers from a home-office or from small flexible office accommodations. Assuming you work from home, you have no office overheads.

You need to consider what type of work you wish to do. Do you wish to plan weddings, or more corporate events like product launches? If you wish to plan corporate events then you will need to invest in marketing your business. As your clients will be trusting you with their business reputation, it is important that you appear to be a reputable business.

There are many factors that you will need to consider. A brief list is below:

Professional Indemnity Insurance (£150pa)
Public Liability Insurance (£1-200pa)
Website Design (£500+)
Brochures, business cards and other (£400+)
Your salary until your first pay cheque (£3-4000+?)
Phone bills
Office bills
Trade stand rental?

The list goes on, and is not exhaustive. As you can see, there is no hard and fast rule. I set up my first business - which was event planning back in 2004 using my BlackBerry and a laptop working from my apartment, but I was fortunate to have money behind me to pay my rent, and buy my food while I waited for money to come in, and I had sufficient connections to ensure that I was kept busy.

Contacts are the key part of this industry, I organised my own events and charged entry fees, this is one way of making money in this industry. However, if you are looking for big clients to let you run free with a large budget, you will probably need to be known to them at a major, or at least somewhat recognised firm first.

If you identify your customers first, you can work out a shoe string budget to start your business. If you are planning on entering the industry, sound advice would be to find a real need that you can fulfill, because you may be a long time waiting for a client to come along and give you a real event to manage. An example of an event planning business that makes considerable revenue is that of trade shows. These events take place all over the Western world, from the convention centres of Las Vegas to hotel function rooms in rural France. Exhibitors pay fees to attend and have a 'booth' where they can display their wares to industry movers and shakers. Your job is to attract enough exhibitors to cover the considerable costs of hosting the event, such as venue hire, promotion, and hiring the cost of the speakers who draw in the industry movers and shakers.

Depending on which side of the industry you enter, your start up costs could vary from £5000 for the small home business planning weddings and local business christmas parties right up to £250,000 for to run trade shows. There is no hard and fast rule.

Most event planners (in my experience) have come from Public Relations backgrounds and know A LOT of people in the event industry, have BlackBerrys dripping with contacts for everything from napkins to public address systems. They also air-kiss for England, are meticulous organisers and have the most important thing in the industry... excellent working relationships with their potential clients before they even start thinking about their new business.

That said, if you have the idea for an event that you can fund yourself, by blagging a venue for free (or for a profit share) then you can build up capital reserves and make contacts rapidly. Bear in mind you do need a unique idea, and you need to be able to reach your potential event attendees, and get them to pay to attend... or generate some revenue somehow...

If you provide more information about your business plan, I'll be happy to respond with an idea of costings and any other tips I can.

Good luck!




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