Wealth Building for Established Entrepreneurs

The Challenges. The Opportunities. The Focus.

More established entrepreneurs have different issues. This level of success comes with its own set of challenges. Problems linger due to the sheer “busy” nature of operations, earlier systems break down under new demands, and maintaining execution becomes tougher. The need for advanced training, market saturation, innovation, and elevating your executive team becomes critical for continued growth and success.

At Breakaway Financial Group, we understand these complex challenges and are dedicated to providing the expertise and support you need to navigate them. Our mission is to offer tailored solutions that enhance your business operations, foster innovation, and elevate your leadership team, ensuring your business thrives and builds lasting wealth.

Join us on your path to sustained financial success and discover how Breakaway Financial Group can help you tackle these challenges head-on and guide you towards a prosperous future.

Ready to Tackle Complex Growth Challenges?

At Breakaway Financial Group, we specialize in helping entrepreneurs like you overcome the unique challenges of managing a thriving business. From improving systems and execution to innovating new products and enhancing your executive team, we provide the strategic support you need.

Contact us today to schedule your free consultation and learn how our tailored solutions can drive your business forward. Together, we can ensure your continued growth and long-term success.

Case Study: Scaling Success

The Journey of Established Entrepreneur Emily Green

Background

Emily Green, the CEO of a thriving software development company, had successfully navigated the initial stages of her business. Now, as she looked to scale her operations, Emily faced new challenges that required strategic planning and expert guidance.

The Challenges

Employee Training and Support Budget: Emily recognized the importance of investing in employee training and support as her team grew. However, she needed a well-defined budget to ensure her team received the necessary resources without straining the company’s finances.
Defined Leadership Track: Emily wanted to create a clear leadership track within her company to cultivate internal talent and prepare them for future leadership roles. This required a structured development program and clear progression criteria.
Increasing Profitability: While Emily’s company was profitable, she sought ways to increase profitability further. She needed strategies to optimize operations, reduce costs, and enhance revenue streams without compromising quality.
Defining Key Performance Indicators (KPIs): To measure success and guide decision-making, Emily must define the right KPIs for her business. These metrics would help her track performance, identify areas for improvement, and align her team with the company’s strategic goals.
Access to Real-Time Data: Making informed business decisions requires access to real-time data. Emily needed a system that provided timely insights into her operations, from financial performance to customer satisfaction.
Comprehensive Employee Benefit Plan: To attract and retain top talent, Emily’s company needed a comprehensive employee benefit plan. This plan had to be competitive within the industry and tailored to meet the needs of her growing workforce.

How We Helped

Our company provided Emily with a comprehensive support package tailored to her specific challenges:

Budgeting for Training and Support: We worked with Emily to develop a detailed budget for employee training and support. This included identifying key training areas, estimating costs, and setting aside funds to ensure continuous employee development.
Creating a Leadership Track: Our team helped Emily design a defined leadership track. This involved developing leadership training programs, mentorship opportunities, and clear criteria for advancement. This structure allowed Emily to cultivate future leaders from within her organization.
Strategies for Increasing Profitability: We conducted a thorough analysis of Emily’s business operations and identified opportunities for increased profitability. This included optimizing resource allocation, enhancing product offerings, and exploring new revenue streams.
Defining KPIs: We assisted Emily in defining relevant KPIs for her business. These included financial metrics (such as revenue growth and profit margins), operational metrics (such as project completion rates), and customer metrics (such as satisfaction scores). Regular KPI reviews helped Emily stay on track with her strategic objectives.
Implementing Real-Time Data Systems: To provide Emily with real-time data, we implemented a comprehensive data management system. This system integrated various data sources and provided real-time dashboards, enabling Emily to make informed decisions quickly and accurately.
Designing an Employee Benefit Plan: We collaborated with Emily to design a competitive employee benefit plan. This plan included health insurance, retirement benefits, professional development opportunities, and other perks that aligned with industry standards and employee expectations.

Results

With our support, Emily was able to implement the necessary changes to scale her business effectively. The budget for training and support ensured her employees received the resources they needed to excel. The defined leadership track created a clear pathway for internal advancement, boosting employee morale and retention. Profitability increased through strategic optimizations, and the newly defined KPIs provided valuable insights into business performance. Real-time data access enabled Emily to make more informed decisions, and the comprehensive employee benefit plan attracted and retained top talent, positioning her company as an employer of choice.

Our Fees

Onboarding: $5000

10 Meetings:

#1: Business Discovery I

#2: Business Discovery II

#3: Business Discovery III – Quickbooks Set Up – Vivid Vision

#4: Proforma – Consulting Calendar

#5: Tax Discovery

#6: Tax Plan Presentation

#7: Entrepreneur Wealth Plan Discovery I

#8: Entrepreneur Wealth Plan Discovery II

#9: Entrepreneur Wealth Plan Presentation

#10: Wrap Up

Monthly Fees: $1000/m

Recurring Services:

Level 3 Bookkeeping

Level 3 Payroll

Level 3 Tax Strategy Implementation

Profit-First Account Transfers

Monthly Proforma & Performance Recap

Yearly Biz-Equity Valuation

Monthly Tax Compliance Checks

Yearly Reasonable Compensation Survey

Level 3 Business & Personal Tax Preparation

Weekly Open Office Session

Half-day Yearly Business Planning Session

2-hour Quarterly Business Planning Sessions

Monthly Business Planning Checks

Ready to Elevate Your Business?

Don’t let complex challenges hinder your business growth. Breakaway Financial Group offers the expertise and strategic support to overcome operational hurdles, innovate your product line, and elevate your leadership team.

Get in touch with us today for a free consultation and discover how we can help you maintain your momentum and achieve greater success.