The 4 Ways We Can Help You Generate Wealth Through Your Business
You started your business to grow your wealth. When you use your business to generate, grow, and protect your wealth you need to set goals along the way to keep you on track financially. You also need the help of trusted advisors who are experts in their fields.
At Greg Evans Professional Corporation (GEPC) we’ve identified the eight services your business needs to meet your wealth-building goals. We call these services the GEPC 8 to Great; they include growth services, profit services, cashflow services, asset protection services, tax minimization services, financial retirement services, succession planning services, and estate planning services. We know that to meet your goals you need all of these services, even if we do not personally provide them. In most cases, however, we can assist in some manner or help you find the provider that is best for your business.
Growing your business is critical if you intend on growing your wealth. Growing a business is easier said than done and successful businesses often have several people working together to help it successfully grow. This includes your internal team and often involves external marketing services. As an accountant we can help you understand the numbers that are critical to growth so your team can work together more effectively to hit your goals.
There are 4 specific ways in which the team at GEPC can help you grow your wealth:
Create A Marketing Budget
If you are going to use your business to grow your wealth you need effective marketing. Most business owners are unsure about how much money they should spend on marketing and/or if it’s a good investment period. We can help you decide what your marketing budget should be, and help you find a method to measure its efficacy. With a clear budget and a method to track your return on investment, you will be confident in knowing your marketing is directly contributing to the growth of your business and your wealth.
Find the Right Marketer
Not all marketers are built equal or deliver the same services. As business professionals we meet a lot of marketers - we understand how they differentiate and which industries they excel at serving. When you are focused on growing your business you need a marketer who understands that and specializes in the activities that contribute best to your business growth. That might require SEO - or paid Google Ads. On top of that, you need it to fit your budget. We can help you determine what you need in a marketer and direct you to the best service provider. The right marketer will always be a great investment to help your business grow and create wealth for you.
Focus on Profit
Your marketing resources will always be limited, so why not focus them where you get your best results? We can help you understand the numbers of your business so you can identify which services create the most profit. If you try to fit everything you offer into your marketing you will confuse your audience and waste money. When you focus your marketing on the services that create the most profit for your business, you’ll create a winning formula for building wealth.
Growth Modeling
Last, but certainly not least, we can help you see and understand various scenarios for growth at your business. We can break down the different decisions you can make and show you how they impact your overall growth.
Our growth modeling tool breaks down your business into a simple formula so you can understand what implications a series of small changes can have in pursuing your financial goals. We look at things like:
1. The number of clients you have
2. The number of transactions they have with you on average per year
3. The average value for each transaction
4. The amount of profit each transaction produces
Spending some time going through different scenarios will show you just how many options you have to create the right formula for growth at your business. Instead of randomly guessing what to do, let us show you how you can let data drive your decision.
When it comes to your business you constantly need to be thinking about growth. It’s especially critical if your business is your primary wealth generating asset. We realize it can be hard to navigate on your own since there are so many possibilities and options out there, and it’s unlikely that you have endless sums of money at your disposal to test all of them out. That’s why we’re here to help.
Imagine having clarity over what you need to do to achieve your growth goals, with a marketing plan and budget focused on the activities that build the most wealth for you.
It all starts with a conversation. Schedule your free consultation with us today so we can help you grow your wealth.