You’re grateful to finally walk in your purpose.
Grateful to have the small but mighty team you’ve built so far.
You’ve graduated from solopreneur to your small team. but understand that you need to calculate to get to the next step.
But what is the next step?!
Things are going pretty good in business.
But every few months your income statement may show negative profit.
Then there was that time you launched your new program and saw a major surplus in income. With major margins.
We expect ebbs and flows in business. I mean, you’re no newbie to these entrepreneurial trenches.
But after a few years in business, shouldn’t you be able to forecast your cash flow?!
Why aren’t you aware of the seasons in your business?
Maybe you’ve asked yourself the following:
Will I run out of cash and become unable to pay my team?
Am I pricing in a way that creates a healthy profit margin?
Will I be able to fund my business (or personal life) incase of an emergency?
Do I have the systems in place to step away from my business? Vacation, childbirth, or a personal emergency?!
Why am I not hitting my launch goals?
but it’s actually possible to predict your cash flow
Forecasting with ease and clarity
Complete clarity of your your entire financial picture
Details of exactly how you’ll be able to reach your sales goals
A financial dashboard that provides a pulse of your business health
A system to hire, onboard and sustain team members
Someone on your team providing an exact outline for your cash flow
Proactive tax strategies you can use throughout the year
Metrics specific to your business to help you understand how to get to your goals
Increase in your profit margins with a specific strategy
that’s why i created the financial strategy suite:
A monthly one-on-one experience that helps you maximize your profits and grow a sustainable business
Up until this point, I've ran a bookkeeping-only firm for over 3 years. After helping dozens of clients, I realized there was a gap I needed to fill.
Clients grew immediately after getting crystal clear on their financials.
As they grew leaps and bounds they didn’t know:
(1) What to do with their new-founded income and
(2) How to plan for their next level of success.
This isn’t your typical accounting service. We do more than crunch numbers and send reports.
We also won’t leave you wondering what in the world to do with said reports.
If you hate merely looking at financial statements, you’ll love our approach.
THE FINANCIAL STRATEGY SUITE IS MADE UP OF THREE PHASES
Here’s what’s included in each phase:
Diagnose and Discovery
Onboarding Phase that’ll include cleanup and catchup of financials
Uncover and educate you on financial picture
Discovery KPIs, metrics, and baseline of performance
Assess team and other investments made thus far
Create Strategy based on goals
Creation of your financial dashboard
Revamp processes stopping you from reaching goals.
Consistently reviewing what’s working
Needed tweaks to your financial dashboard
Maintaining proactiveness to avoid complacency
Tax strategies for your growing profit in business.
THE FINANCIAL STRATEGY SUITE IS ONLY AVAILABLE TO THREE PEOPLE EACH QUARTER
Space is limited each quarter for this service, for good reason.
Being realistic about our team’s bandwidth is key to providing the best quality of service.
We only take three new people each quarter. This is because it allows us to work deeply with you during the discovery and diagnose phase.
Before working with Lovely Financials Group, I struggled with getting my business finances in order, setting income goals, tracking my outstanding invoices. My favorite part of working with LFG is the clarity that was provided. Since working with them, I’ve made more money because she knows exactly where it's coming from and where it's going.
Mattie of mattiejames.com
HERE ARE YOUR MONTHLY INVESTMENT OPTIONS FOR THE FINANCIAL STRATEGY SUITE:
With each tier, you’ll receive…
Your monthly accounting software subscription to Xero or Quickbooks Online (if you don’t already have one)
Two Onboarding meetings to complete the Diagnose and Discovery Phase
A Financial Dashboard
Access to any self-paced courses relevant to your business.
Weekly checking, savings, credit card and Merchant reconciliation
Monthly financial report delivery
Bi-Weekly 1-Hour Meetings
Payroll Onboarding and Support
Budget and Cash Flow Forecasting
Bi-Weekly checking, savings, credit card and Merchant reconciliation
Monthly financial report delivery
Monthly 1-Hour Meeting
Payroll Onboarding and Support
Revenue Mapping and Sales Forecast
Monthly checking, savings, credit card and Merchant reconciliation
Monthly financial report delivery
Monthly video financial analysis
ACTS OF SERVICE IS OUR LOVE LANGUAGE. IF YOU’RE NOT HAPPY, WE’RE NOT HAPPY
We’ll have about two to four weeks of Phase One. Length of this phase depends on how much work we’d have to cleanup.
If you’re not sure that you are ready for this level of service, it might not be the right time.
However... If you know that you want healthy cash flow this year for your 5-figure + a month business, we know that we can help you.
Before working with Lovely Financials Group I struggled with payroll, tracking expenses properly and not having a budget. My favorite part of working with LFG is their thoroughness, efficiency and knowledge of financial products to help our business. Now I spend less time on payroll and have more of a long-term plan for our financial health. Iyanna is also able to see month to month how we're hitting our targets.
Kate of simplepinmedia.com
IF YOU’RE LOOKING TO LEVEL UP THE MONEY MANAGEMENT IN YOUR BUSINESS
It’s time to graduate from your current accounting system
I’m a huge advocate for performing your own bookkeeping before you make your first six figures. OR, if that’s against your ministry, investing in a small-fee per month service like Bench.
Because let’s be honest…
When you’re starting your business, bookkeeping is all about knowing what came in and what went out.
The magic happens when you’re in the trenches testing your offerings to the right audience.
You’re throwing spaghetti at the wall and figuring out what really resonates.
Then you’ve managed to successfully make consistent income. You may have even become a full-time entrepreneur.
Understanding your true purpose in business happens before the first 6-figure years.
When you’ve surpassed and maintained six figures, it’s time to get someone on your team. Someone who can review the metrics with you to help you get to the next level.
The next level can be:
having yet another six-figure year,
and even surpassing one million in revenue.
There is no ceiling in entrepreneurship.
It’s also time to know what to do in the new income bracket you’ve moved yourself to.
Someone who can help create a cash flow plan. This cash flow plan will help you pay yourself, know what team members you can afford, and save/pay for taxes.
HERE ARE SOME OF THE TYPES OF DIGITAL ENTREPRENEURS WHO LOVE WORKING WITH US
Agency Owners who’re looking to scale their team without sacrificing profit margins.
Coaches and Consultants who’re looking to maintain predictable and consistent income.
Course Creators looking to forecast their cash flow during launch and non-launch months.
Influencers desperately needing to understand how to navigate cash flow between brand sponsorships.
Beauty Entrepreneurs (estheticians) looking to add a digital leg in their business. Whilst growing the brick and mortar aspect of their businesses.
E-Commerce brands who need to understand their profitability without any sales tax mishaps.
Service Providers looking to go from running a successful “job” to sustainable business.
Zakiya and Simone was able to scale their profitable business where they were able to grow and invest in a second brick and mortar location.
I’M IYANNA VAUGHN, AS A FINANCIAL STRATEGIST, I CAN’T WAIT TO HELP YOU MAXIMIZE YOUR PROFITS
I started what began as a bookkeeping firm almost four years ago. I started Lovely Financials Group to serve women-led digital empires nationwide.
I’ve had the honor of witnessing my clients grow and working more deeply with them.
From performing bookkeeping for this industry, I’ve been able to study trends. Study the ways the top performers can maximize their profits.
I also recognize the mindset shifts needed to reach multiple 6-figures to 7-figures.
But I’ve had my own struggles...
When I started my business, I experienced major imposter syndrome. I had so many mindset blocks that led me, a bookkeeper, to not make the money I deserved.
So here I am, playing a role in helping my clients retain money. Then when I got to look at my own numbers, I became disheartened with the little money I did make.
I knew something had to change. Something that didn’t involve all the emotion but yet a way to create a boundary. Boundary between the money my business must make and the clients I cared about and served.
After treating myself like a client, something amazing happened. I successfully increase my income by 66%. I successfully added two new team members who own their positions, and get crystal clear on what we offer.
At Lovely Financials Group, we know that money isn’t a strong-suit. So we coach you through understanding your numbers in non-condescending way.
We also love a good laugh to help you decrease the anxiety of knowing your finances.
Jenny was able to defeat overwhelm with her business finances, get organized and save for taxes. She was even able to have the excess of her tax savings go towards her dream home.
AT THE END OF OUR 1ST MONTH TOGETHER IN THE FINANCIAL STRATEGY SUITE, YOU’LL BE ABLE TO:
Understand profit margins to decide to raise rates or efficiencies in delivery. Or both!.
Uncover details of your cash flow so you can see what needs to improve and how to fix it.
Relate marketing metrics to financials to understand exactly how to reach goals.
Have an estimate of your tax liability to-date so we can create your specialized plan of action.
Review your financial dashboard for a pulse of your business to share with your team. so everyone can be on the same page for goal setting.
Frequently Asked Questions
+ Do you do taxes?
Yes, as of 2019, we provide tax preparation services! This service is seperate from monthly services. Fees are calculated based on the specific forms that need to be filed.
+ Can we only work together for taxes?
We only provide tax preparation services for those with clean financials. You would potentially have to pay for bookkeeping cleanup services if you need to catchup.
+ What is the onboarding process? How long?
After we sign our engagement letter, the onboarding process will take two - four weeks. This depends on if we have to perform bookkeeping for previous months
+ Will you replace my current tax professional?
No if you like your tax pro, we love them! We’ll act as a liaison between you and your tax professional during tax season.
+ Do you have a team?
Yes! We have two account managers who specialize in Xero and Quickbooks Online respectively. We also have a financial analyst on the team who will perform the monthly recordings.
+ How is this service different from other bookkeeping or accounting services?
We’re your “partner” in business who is invested in your future. We marry accounting (your past) and finance (your future) to create your ideal picture. It’s time to graduate from merely crunching the numbers.