Most Professional Service Providers Don’t Know This Truth
ERJ Services Blog
by ERJ Services
8M ago
Too many professional service providers don’t know this one simple truth. And it’s paramount if you are going to build a business that supports you creating the lifestyle you desire and deserve. Before you can see a substantial increase in your business bank account, you need to create a strategic financial game plan! Let me say that again in another way. Taking a closer look at your WHY beyond the numbers, creating the financial framework for profitability, building your forecast to create predictability, putting together the structure and strategy to support scalability, are all part of your ..read more
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Maximize Your Profits Workshop is Coming Your Way
ERJ Services Blog
by ERJ Services
8M ago
Have you heard the news?! I am hosting a 5-day workshop to empower you with the financial essentials necessary to make your business a highly profitable one! Starting May 23 during the Maximize Your Profits workshop, we will help you develop a financial plan that will support greater profitability and exponential growth. Maximize Your Profits is our response to seeing many clients come to us without a financial structure even after they’ve already hit six figures in their business. And every time we talk about profits and legacy we hear “what you do is so needed.” During this event, we will be ..read more
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Philanthropy Requires Financial Strategy
ERJ Services Blog
by ERJ Services
8M ago
Many entrepreneurs pursue financial gain not just to satisfy some fleeting desire but because they want to build generational wealth and have a lasting social impact. They love humanity so much that they sacrifice time, talent, and treasure to help make life better for others. Philanthropy becomes part of their mission and vision. If this is your desire as an entrepreneur, I commend you. That’s very noble. However, it takes financial focus and strategy to have the means necessary to support the cause(s) and help the people you feel drawn to serve over a long period of time. In a couple of arti ..read more
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5 Financial Tips Every Small Business Owner Needs to Know
ERJ Services Blog
by ERJ Services
8M ago
Small business owners have the responsibility of ensuring the smooth running of their business operations. To aid the process, here are the five financial tips every small business owner needs to know to ensure their financial data is systematized. Know Your Tax Benefits & Deductions The tax laws are designed to benefit small business owners. According to a Forbes article, 9 out of 10 business owners are overpaying their taxes. This suggests that most small business owners are leaving money on the table. Small business owners should make it their responsibility to take advantage of the t ..read more
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Making 2023 Count: Profit Strategies for Emerging Millionaires
ERJ Services Blog
by ERJ Services
8M ago
Defining “EMERGING MILLIONAIRE” The term “Emerging Millionaire” represents more than just racking up a big bank account – it signals a lifestyle of freedom and financial well-being and legacy. Becoming an emerging millionaire is part art, part science, and wholly life-changing. It involves balancing risk and reward, understanding investment vehicles, building a long-term wealth plan and taking advantage of opportunities in changing markets. The benefits of becoming an emerging millionaire are substantial – including increased self-confidence, a better work / life balance, enhanced security, an ..read more
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5 Things Every Small Business Owner Should Do at Year End
ERJ Services Blog
by ERJ Services
8M ago
Year-end is a time for self-reflection as a business owner to determine what has gone well during the year and what has not gone so well. It is a great opportunity to reset and recharge for the upcoming year. There are several areas a business owner should focus on at year-end. Here are just a few. Bring your bookkeeping up to date Bookkeeping is the act of recording the financial transactions that occurred in your business. This process should take place monthly, however, many small business owners fall behind on this activity. As part of your year-end checklist be sure to bring your bookkee ..read more
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Managing Your Business Debt
ERJ Services Blog
by ERJ Services
8M ago
Not all debt is bad debt, but debt can quickly become bad without a strategy. One in five businesses is having debt problems. If you find yourself in this situation, you will want to continue reading this. To increase the financial health of your business, you want to have a plan to manage your debt. Managing debt would help you to lower costs, raise income, and generating new growth prospects. You get to develop strategies to lower interest payments, maintain positive cash flow, build your very own powerful team, and so much more. Does this sound like some of the things you want accomplish in ..read more
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Do I Need a Profit First Professional for My Business?
ERJ Services Blog
by ERJ Services
8M ago
Profit First can take your current business from zero to hero. I know a little corny, but you will see why this is true. Managing a business comes with loads of challenges but those same challenges are an opportunity for financial success. With the right strategies and systems in place, your business can experience increased cashflows and profits. Profit First is a strategy that has helped numerous businesses even my own. If your business is struggling financially or you are not confident about your numbers, you will want to keep reading. What is Profit First? The Profit First method is a hack ..read more
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You’re Not Ready for Your Business to Fund Your Dreams
ERJ Services Blog
by ERJ Services
8M ago
If I got paid a dollar for every time someone told me: “What you do is so needed,” or “Working with you have changed my life,” I would be a millionaire.  Actually, some of the folks who have gone through workshops and masterclasses with me before have committed to coming because they want more of this information as they continue to grow their businesses. Interestingly, we are finding that many professional service providers are bringing in revenue for the value to add to the lives of your ideal client, but this is not being reflected in your bank account. I am tearing up, because I kn ..read more
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3 Avenues Business Owners Can Utilize for Recordkeeping
ERJ Services Blog
by ERJ Services
8M ago
In our last blog, we discussed why business owners should prioritize their recordkeeping. You can utilize many avenues for your recordkeeping, from a simple do-it-yourself spreadsheet to your choice of app to an online system that you can insource or outsource. Regardless of your tool of choice, keeping good records in business is a must.  Excel Spreadsheets Excel spreadsheets are used to keep a record of a business’s income and expenses. Although it is more manual than other methods, it is effective and is a good place to start. As a business owner, it is wise to develop a habit of enter ..read more
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