For Financial Literacy Month – We are sharing stories and tips for gaining financial knowledge, financial lessons learned early on in your entrepreneurship journey, personal finance tips and savings goal advice.
We have S. Elle Clark of Elle Clark Solutions sharing her story and tips.
Since 2004, Elle has worked successfully as a small business owner in the retail industry, brick and mortar, several “click and mortar” e-commerce companies, Real Estate, Event Planning, Business Strategy, Marketing and Advertising industries. With emphasis in customer service driven tactics, increasing company profits and sales goals; Elle spends a great deal of her time strategizing with business owners who aspire to create, build and grow their company with the end goal in mind that leads to longevity. Elle focuses on helping clients develop their daily operational management systems, tactful marketing plans, with emphasis on strategic customer service skills; that help increase company revenue. Elle’s vision to become a business owner of a group of companies was recognized at the age of 16. Elle Clark Solutions LLC , has been a dream awaiting to be developed. After many years of exploring consumer solutions among various industries, it was destined that expanding businesses in Real Estate, Retail and Small Business Growth/Brand Communications, were the chosen industries to continually pursue. With 15+ years in the Real Estate Industry, when Elle is not providing great solutions to small business owners, she’s out in the field providing world-class service to buyers, sellers and investors in the real estate market. You can find the proud Mississippi native, simultaneously dedicating her life to being a diligent mother, to promoting several philanthropic causes with her privately funded non-profit organization http://www.passionfundingpurpose.org, travelling or shooting under par on the golf course.
What are some of the lessons you have learned early on in your business about finances?
One of the many things I have learned about finances in business is understanding the true cost of doing business in regards to things like “scaling a company” For optimal growth.
What is the name of your business? What type of business is it?
My company is Elle Clark Solutions where we provide Real Estate Solutions and Small Business Strategy Solutions to business owners who are starting up or already in business but find themselves lacking growth.
What does financial stability mean to you?
Financial stability to me means, having an exceedingly overflow in profits that can expand your business to the next phase or next investment without hindering the financial flow of its current status.
What advice would you share about how to raise funds or capital for your business?
The advice I would give to anyone raising capital is to show your track record. First create and develop your business strategy plan (which is a little more analytical than a business plan). Be able to show potential investors what you have done with your own money and how they will gain their return with a minimal errors as possible.
Share your top 2 Finance or Wealth Building books and why?
I often re read the following books “managing by the numbers” and “duct tape marketing”. These two books always give me different perspectives on how to retain clients, use my investments and profits to my advantage.
What savings goals should someone have personally or in their business?
In business you are essentially a commission based employee. I suggest having two saving plans that are a minimum of 12 months of your personal expenses and company operating expenses. In the event of hard times or economic deficiencies, your business has a window and room to plan during the turbulence while sustaining financially.
How important is having an accountant or bookkeeper for your business?
It is very important to have the qualified candidate to do what they are in business to do, “manage the numbers” While you grow the vision.
What’s next for you in your business/brand? What can readers look forward to from you?
Currently we just launched our non profit organization that help funds working class men and women with daily essential needs.