Knowing the 4 pillars to financial success will help you build and maintain a financially thriving business.

1. 4 Pillars of Financial Success
Sherrell T. Martin
Empower 2 Thrive, LLC

2. 46% of small business failure caused by:
•They don’t know what they don’t know
•Poor pricing
•Tax evasion
•Poor recordkeeping
•Overspending
•Failure to plan

3. There are 4
financial strategies
that will help
prevent your
business from
failing.

4. Every business
needs a strong
foundation.

5. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

6. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

7. Financial Success Pillars™
Financial Recordkeeping
Finding Leaks
Financial
organization

8. Financial Success Pillars™
Finding Leaks
Look at your numbers.
This is a sure fire way to
find money in your
business. Seek and you
will find.
Financial
organization
Follow a clear cut system
to keep everything in
order. No accountant
wants a box full of
receipts.

9. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

10. Financial Success Pillars™
Financial Management
Reduce Costs
Increase Revenue

11. Financial Success Pillars™
Reduce Costs
Analyze your costs.
Research other vendors,
services and ways to do
things. You never know
what you will find. Spend
responsibly.
Increase Revenue
Increase your top line by
creating a strategy to
match your budget to
your marketing plan.
How do you plan on
generating more income?

12. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

13. Financial Success Pillars™
Financial Systems
Business Process
Improvement
Standard Operating
Procedures
Accounting System

14. Financial Success Pillars™
Business Processes/
Operating Procedures
Document everything and enforce
them. How can you operate more
efficiently? Identify the holes and
breakdowns and plug fix them.
Accounting
Systems
Use an accounting system
to track everything. It
reduces errors and allows
you to easily and quickly
monitor your numbers so
you know what is going
on in your business.

15. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

16. Financial Success Pillars™
Financial Strategy
Pricing
Breakeven
Comparative

17. Financial Success Pillars™
Pricing / Comparative
How your prices comparative
to your competitors or did you
pull them from thin air?
Calculate the price point at
which you cover your costs and
a markup percentage.
Breakeven
How much does it cost to
run your business? At
what point will your
business generate a
profit?
You need to know the
bottom line number it
takes to keep the doors
open by month and by
year.

18. Financial Success Pillars™
Financial Recordkeeping
Financial Management
Financial Systems
Financial Strategy

19. Thank you all for allowing me to share these tips with you.
Feel free to connect with me in the social world for more tools, tips and resource that
will make your life and business a thriving one!
Thank you!
www.facebook.com/Empower2Thrive
@Empower2Thrive #thrivefinancially