In this episode, I delve into the importance of building a strong financial team. I discuss the key roles that should be included in a money team – such as bookkeepers, accountants, tax strategists, CFOs, financial advisors, wealth managers, and personal bankers.

Learn more when to bring each member onto the team based on revenue milestones, emphasizing the significance of collaboration and regular team meetings to ensure financial strategies are aligned.

This episode provides a detailed explanation of each team member's role and the pivotal stages in a business's growth where their expertise becomes essential.  Whether you're a budding entrepreneur or aiming to scale your business to new heights, tune in how to build a 7-figure money team like the 1% to support your financial growth and success!

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KEY POINTS:

• The importance of having the right people on your money team
• Bookkeeper: Maintains accurate business book
• Accountant: Files taxes accurately and timely
• Tax Strategist: Helps reduce taxable income ethically
• CFO: Looks forward, predicts cash flow, and projections
• Financial Advisor: Advises on personal finances and investments
• Wealth Manager: Advises on protecting and growing wealth
• Personal Banker: Liaison with the bank, crucial for financial needs
• The importance of diversifying team members for checks and balances
• The pivotal role of team collaboration and financial strategy discussions

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QUOTES:

"When you're a part of the 1%, that means that you have to do 1% planning." — Dr. Erica Jordan-Thomas

“All of these people impact one another, you should actually be having meetings with this entire team at least twice a year, just so that way everyone's on the same page." — Dr. Erica Jordan-Thomas

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RESOURCES:

[LIVE EVENT] Join us at Seven Figure Educator Live, our three-day event in Atlanta, Georgia, where you'll experience unparalleled content, community, and fellowship. Click HERE to grab your ticket now and let's make magic happen together in Atlanta!

[FB COMMUNITY] Don't miss out on your chance to connect with other education consultants in our free public Facebook group! Click HERE and find your 7-Figure community today.

[GET LAUNCHED SCORECARD] Don't miss out on the chance to gain clarity on your stage of business with our Get Launched Consulting Scorecard! Click HERE to take the quiz and get actionable steps tailored to your business stage.

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Dr. Erica Jordan-Thomas

IG | @e_jordanthomas

LinkedIn | @erica-jordan-thomas-ed-l-d-86314764

Facebook | @EJTConsultingLLC

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7-Figure Educator is produced by EPYC Media Network