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    Home»Passive Income»How They Started a Multimillion-Dollar Sold-Out Business
    Passive Income

    How They Started a Multimillion-Dollar Sold-Out Business

    FinanceStarGateBy FinanceStarGateMarch 13, 2025No Comments7 Mins Read
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    Rebecca Grinnals and Kathryn Arce, wedding industry veterans of greater than 20 years, met within the early ’90s whereas working at The Walt Disney World Resort, the place they grew Disney‘s Fairy Story Weddings to a $100 million per 12 months operation. “It was just a little bit like lightning in a bottle the primary time that we had the possibility to work collectively,” Grinnals tells Entrepreneur. “We had the possibility to collaborate on some actually cool initiatives, and it was a very formative time.”

    Picture Credit score: Courtesy of Have interaction! Summits. Kathryn Arce, left, and Rebecca Grinnals, proper.

    After Disney, Grinnals and Arce began consulting, serving to motels, resorts and tourism boards all over the world develop their marriage ceremony and honeymoon companies. That is how the duo found a major hole within the business: There wasn’t an occasion that introduced collectively completely different consumers, suppliers and distributors targeted on luxurious weddings.

    Associated: 7 Business Lessons I Learned From Planning My Daughter’s Wedding

     What if we had been in a position to put everyone collectively in a room and have these actually unimaginable, significant conversations to assist help the entrepreneurs and small businesses that energy the marriage business? The co-founders thought.

    So Grinnals and Arce established a convention to just do that: Have interaction! Summits, now a multimillion-dollar brand.

    Picture Credit score: Corbin Gurkin. Have interaction! in Paris, 2023.

    It was April 2008 when the co-founders determined to maneuver ahead with their concept for Have interaction! Summits — and their first convention could be that June. With simply six weeks to tug off the one-day occasion at Orlando’s Celebration Resort, Grinnals and Arce set to work and leaned on their business contacts. Seventy-five individuals attended.

    “We had been in a position to invite [celebrity wedding planners] Preston Bailey and Marcy Blum to be our VIP audio system,” Arce recollects. “We additionally invited Concord Walton, founding father of The Bridal Bar, to come back and supply some perception on the tendencies that she was seeing. After which an editor from Vacation spot Weddings & Honeymoons.”

    Associated: 5 Tips to Networking at Conferences as an Introvert

    The occasion was successful. Bailey and Blum opened up about constructing their very own successful businesses through the years and the challenges alongside the way in which — relatable experiences for everybody in attendance. The morning after the convention, an attendee blogged about how beneficial it was and mentioned that she could not wait to attend once more.

    That is when Grinnals and Arce knew they had been heading in the right direction. They continued with their consulting work and constructed Have interaction! Summits as a type of “side hustle” for the subsequent decade, internet hosting one or two occasions every year earlier than going full-time with their model in 2018.

    “In lots of instances, [we had one business] serve the opposite in a really natural and pure manner.”

    Naturally, the co-founders leaned on their business expertise, benefiting from crossover alternatives wherever attainable to develop Have interaction! Summits into the powerhouse it’s right this moment. For instance, the Cayman Islands Division of Tourism was a long-time consulting consumer, they usually’ve hosted Have interaction! Summits within the Cayman Islands 5 instances.

    “In lots of instances, [we had one business] serve the opposite in a really natural and pure manner,” Grinnals explains. “I believe lots of people who’ve their very own companies discover methods to try this so they don’t seem to be completely divergent however are in a position to converge and help one another.”

    Associated: How to Build and Sustain Deep, Meaningful Business Relationships (and Why It’s the Key to Long-Lasting Success)

    Following occasions hosted in Mexico and the Caribbean, Have interaction! Summits placed on its first Europe-based occasion in Puglia, Italy, in 2016, which drew its most worldwide viewers as much as that time and kicked off years of internet hosting throughout the globe. Have interaction! Summit’s upcoming occasion in Tuscany will mark its forty eighth, and the model will have a good time its fiftieth in London this July.

    All through its 17-year run up to now, Have interaction! Summits has hosted 43 sold-out occasions at 50 five-star luxurious properties, with greater than 7,500 attendees from 45 states and 35 nations. The model additionally boasts greater than 100 million social media and media impressions.

    Picture Credit score: Anya Kernes. Have interaction! in Boca Raton, 2023.

    “Basically, small enterprise house owners and entrepreneurs want group.”

    The conferences proceed to domesticate an setting the place enterprise house owners can join in particular person, a chance that may be onerous to come back by in right this moment’s digital-first world. Digital connections and social media relationships may be helpful networking tools, however they’re no alternative for these in-person conversations, significantly for entrepreneurs, the co-founders say.

    “Being an entrepreneur is actually thrilling however may also be very isolating,” Grinnals says, “particularly once you’re sitting in your workplace all day on Zoom, it is really easy to assume that everyone else is doing higher than you might be or no person else struggles. Basically, small enterprise house owners and entrepreneurs want group. They want the flexibility to be in a secure house with out shoppers to share finest practices.”

    Associated: 7 Things I’ve Learned In 7 Years of Entrepreneurship

    An Have interaction! Summits occasion in Tuscany may host distributors from 22 completely different nations, bringing them collectively in a single place to speak by means of challenges and help one another. As a result of regardless of a enterprise proprietor’s specific space of experience, they share one aim: serving their {couples} as finest they will.

    “With the ability to run by means of completely different situations in particular person with [other business owners is something] we now have discovered you’ll be able to’t replicate and is actually invaluable in constructing profitable and powerful profitable businesses,” Grinnals provides.

    “We wished to dream larger and higher with every occasion.”

    The co-founders encourage aspiring entrepreneurs who’ve an concept for their very own event-based enterprise to maintain chasing their huge ambitions, even when they appear daunting within the early days.

    “ We weren’t afraid to ask for issues,” Arce says. “We wished to dream larger and higher with every occasion. When you have an concept, map it out to the perfect of your capacity and see how issues go. Continue learning, making adjustments and shifting ahead. Encompass your self with love and constructive individuals who imagine in what you are doing. There is no restrict to something you’ll be able to create and dream.”

    Associated: Dream Big: 3 Ways to Fight Off Doubt and Build the Business You’ve Always Wanted

    Grinnals agrees and provides that networking to determine casual “advisory councils or boards of administrators” exterior of your particular enterprise might help you stage up as an entrepreneur.

    “It is  straightforward to remain actually laser-focused on the one who’s doing all your sort of enterprise,” Grinnals explains, “but it surely’s actually highly effective to create a community of various individuals who perceive the nuances of your small business but in addition do it differently and perceive [the industry-specific challenges]. Discover individuals to be a sounding board, giving and getting advice from one another, and having that small group of individuals you’ll be able to name [on] and belief.”

    This text is a part of our ongoing Girls Entrepreneur® sequence highlighting the tales, challenges and triumphs of working a enterprise as a lady



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