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Season 4 - Episode 5:
Building a Resilient Business with David Tutera

Building a Resilient Business with David Tutera

Episode Summary

David Tutera is an event planner to the stars: heā€™s done Elton Johnā€™s wedding and Matthew McConaugheyā€™s gala events. Heā€™s also a celebrity in his own right, with his reality TV shows offering a behind-the-scenes look at his events. This week, he shares his origin story (a singing telegram is involved!) and how he stayed afloat when in-person gatherings were off-limits.

Episode Notes

We know that certain industries thrived during COVIDā€”home renovations and online shopping, anyone?ā€”but thereā€™s no denying that some sectors took a major hit. We got a call from Eve, an event planner wondering how she can move forward post-pandemic. Well, we brought in the capital-E expert to answer Eveā€™s question.Ā 

David Tutera is best known as an event planner for the stars and reality TV show host. His full business is much more diverse, including industry training events, a partnership with Macyā€™s, a bridal boutique, and more. Davidā€™s work focuses on ā€œthe art of celebrations. Any celebration should be about joy, and thatā€™s how I make a living.ā€

David is the grandchild of an Italian immigrant, an entrepreneurial flower shop owner who taught David some of the basics of running a business. At the age of thirteen, David worked the phones at the shop, listening in as his grandfather ran the show. ā€œHe was giving me these nuggets of informationā€ about the importance of respecting staff, profitability, and paying attention to details. His grandfather also invited David to watch the floral designers at work, sparking his interest in creative industries.Ā 

After a brief foray into law school, David took an unexpected detour into singing telegrams (!!), where he decided, ā€œIf I was going to leave school, I knew I needed to make money.ā€ Dressed in anything from a gorilla suit to a barbershop quartet, he wrote and performed ditties for clients. When the telegram business owner decided to sell, David was first in line with an investment from his grandfather.Ā 

His first event-planning client was a woman who had passed his office window displayā€”very silver lame and ostrich feathersā€”and asked him to ā€œdoā€ her sonā€™s bar mitzvah. Despite not being 100% sure what a bar mitzvah was, he said sure, a moment he credits as teaching him ā€œthe power of yes.ā€Ā  He slowly transitioned from telegrams to ā€œlittle parties,ā€ and ultimately found his footing in events.Ā 

While he initially passed when reality TV came calling in the early 2000s, David has now been a media personality for more than 17 years. One twist to the early days of his fame was that his biggest and most lucrative clients didnā€™t want to deal with Davidā€™s busy TV schedule, leading to an unexpected business drought. ā€œI literally thought, did someone cut my phone line?ā€ He eventually started to attract new clients interested in both his fame and his skills. The experience made him very aware that all projects have their own life cycle, and will have the best moment to launch; anticipating those ups and downs will help smooth out turbulence in cash and client flow

It wasnā€™t always easy and luxurious: he danced with the IRS, couldnā€™t meet payroll, and grappled with some pretty serious business setbacks. He made a point of protecting the people he worked with, and fixing his mistakes. While it was fifteen years ago, he says ā€œwhen you go through those large problems, significant amounts of them, you learn quickly what to do.ā€ After those hurdles, he put his support network in placeā€”the folks who can do his taxes while he takes care of the creative side. ā€œYou build this puzzle around you. Those people allow anyone in this business to elevate themselves.ā€ By freeing up his administrative tasks, he can focus on keeping his creativity juicy.Ā 

During COVID shutdowns, he started rethinking events and his business. He did a COVID-safe live event in March where the aim was to figure out a future for the events industry, which he sees reviving in full in 2022. ā€œWe have to figure out a way to continue our livelihoods.ā€ He also recently discovered that his grandmother was a seamstress, and great-aunt owned a bridal boutique, adding a sense of destiny to his own bridal atelier inspiration. ā€œSometimes, the things that you do are really laid into the roots of your family.ā€

Resources

To learn more about our guest, go to https://davidtutera.com/

To learn more about FreshBooks and take advantage of an offer exclusive to our podcast listeners, go to freshbooks.com/podcastĀ 

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