Anniversary Party/ Reception Timeline

Hey everyone!


In need of a few suggestions regarding our timeline for our anniversary party/ wedding reception which is also a cocktail reception.
Background: My husband and I eloped last year due to covid restrictions so we decided to throw an 1 year anniversary party / our wedding reception for our friends and family this year.
We have rented out a space at a local brewery and will be doing a cocktail reception so heavy apps and drinks plus dessert. The apps will be buffet style and I believe will be available to dig into once guests arrive.
For this event, we are going to do a first dance, mother/son and father/daughter dances, we thought this would be special for our parents and we have about 5 speeches lined up from family/friends who couldn’t be there with us last year when we eloped. We aren’t doing a bouquet / garner toss.
Have already informed all guests of the type of event and how there will be no formal sit down dinner.
And guests will start arriving at 7pm and I believe we may run 4 hours to 11pm.
Right now we are thinking that both my husband and I will start mingling with guests once they arrive at 7pm
But then at 7:30-7:40, we may have the dj formally introduce us, we do our first dance and then either myself or my husband will give a simple welcome speech and encourage eating/drinking, mingling.
But after that it’s a little unclear.
Would you wait about 45 min to an hour to allow people to eat and then go into the 5 speeches + parent dances to keep the flow going? And then formally open the dance floor?
And then cut the cake around 10pm?
Or the other option would be to potentially get all the toasts done at the beginning before people have really dug into food and then maybe wait an hour for the first dance plus parent dances.
Anyways, please let me know if you all have any thoughts!
Thank you!