​Sylvia Inks Educates Entrepreneurs How To Manage Their Money And Build A Profitable Business

This post is courtesy of ladibossblog

Posted by Elaine Rau
Sylvia Inks knew she had a gift in financial management and wanted to share her knowledge with small business owners so that motivated, but financially illiterate, entrepreneurs wouldn’t have to close their businesses due to mistakes that could have been avoided. Read our interview with the lovely Sylvia below…

What motivated and inspired you to start your own business?

I grew up in a family that loved to talk about money. It was a common topic discussed at the dinner table, so I learned good money management at a very young age. I realized that many others did not have that same upbringing, which I believe has led to a problem of financial illiteracy. I see very smart and intelligent people start businesses, but fail due to poor money management and not building a solid foundation. It is heartbreaking to see motivated and driven entrepreneurs have to close their businesses due to mistakes that could have been avoided.

Tell us about your business.

I help entrepreneurs manage their money better. I provide the education, tools, and encouragement to put into practice the business and financial fundamentals to build a profitable business. My goal is to educate and empower small business owners to turn around their business and make the profits that they need and want.

Yes! I am launching the book, Small Business Finance for the Busy Entrepreneur, which will be available on November 1st for 90% off! It will be available at this special price for this one day.
Readers can go towww.smallbusinessfinancebook.com to get more information and a bonus preview. Small Business Finance for the Busy Entrepreneur will be available onAmazon.
Where is your business based (city/state/region…)?
Based in Raleigh, NC (United States) and can serve out-of-state clients through virtual coaching.
What were the first few steps you took to get your business up and running?

I took a financial coach master series training through the Dave Ramsey’s team to confirm that this was indeed what I wanted to do for a business. At the time, I was trying to decide between two business ideas. I was 100% convinced that this was what I was meant to do after that training and mentorship program. I also took a business planning course to ensure that I created a solid business and financial plan. Through that course, I also gained a mentor who coached me through the critical first year. Not having a solid business plan is one of the top reasons why small businesses fail. Often, people make the mistake in thinking that if they don’t need financing, that they don’t need a business plan.
What has been the most effective way of raising awareness of your business and getting new customers?
Attending conferences and networking events with like-minded business professionals and building a referral network. Writing and promoting my book has also been a great way to raise awareness.
What have been your biggest challenges so far?
Time management! I have this big drive to help as many business owners that I meet, but have to balance that with my family obligations and schedule. I have two young children under the age of 5, so it’s a little bit of challenge to manage a good work/family balance.
How did you overcome these challenges?
I leverage family for help with childcare. I also hired someone to help me one day a week to cook, fold laundry, and do various cleaning in the house to free up time that I can spend on the business.
How do you keep motivated through difficult times?
I get motivated when I get client feedback on how I’ve helped them decrease their stress and anxiety around their business finances. I recently had a client who was laid off from her corporate job, and she said that had she not worked with me to calculate the numbers beforehand, she would have panicked and not known if she could make it.
How did you distinguish yourself from your competitors?

I provide a step-by-step process with tools that allow my clients get started right away and case studies to make it relatable. It’s not theory like you see in many other books… it’s a ready-to-use program.

What is the best advice you have received recently?

Front-load the work! Do 80% of the work ahead of time.
What advice would you give to other entrepreneurs?
Surround yourself with like-minded entrepreneurs. Seek to find those who target the same types of clients as you, but are not direct competitors. Having a referral partner network will save you time and money from having to chase down clients and having to find clients at networking events.
What is your favorite business tool or resource?
Office 365 for a cloud storage system of all files and business receipts, which are accessible anywhere I go and travel. It also allows secured access when sharing files and ensures that I don’t lose any critical business files in the event of a computer crash. Freshbooks is another great tool that I find to be a lot easier to use and manage than QuickBooks for small business owners.
What social media outlets do you use? List them below.
Twitter @smifinancial

Facebook www.facebook.com/smifinancialcoaching/

Websitewww.smallbusinessfinancebook.com and www.smifinancialcoaching.com

Hashtags #busyentrepreneur #profitablebusiness #moneymanagement #smallbiz

What is a good article or book you have read recently?

Beyond Travel: A Road Warrior’s Survival Guide by Marcey Rader. This book is full of practical and specific advice on how to be more productive and be healthier, especially if your job requires a lot of travel. This is a book that I wished that I had when I was working 12-14 hours days and traveling between 75%-100% over 5 years ago. After going through Marcey’s tips, I have become more productive and have been going to bed two hours earlier than I have in over two years! Time is money, and most entrepreneurs struggle with having enough time for their business and personal life. If this sounds like you, then I highly recommend this book.
What are you currently learning about for your business or looking for help with?
How to build better email marketing campaigns to engage with the customers and readers and provide value so they want to open and read the emails.
What are your goals for the next few months and how are you striving to achieve them?
Get the book in the hands of as many entrepreneurs and small business owners that I can and help them start building a solid, profitable business. My referral partners will be helping me get the word out about the book on launch day and I will also be doing workshops and talks. My 2017 goals include creating online courses based on the fundamental principles described in the book for those who want and learn better though visuals.

Top Financial Challenges For Women 

 

 

 

 

 

 

far from trying to stereotype women, we just want to share few of the top financial challenges women face in today’s society, disadvantages that women need to be aware of when dealing with money matters. Again we’re not trying to stereotype women, each woman is unique and possesses the ability to soar and be a world class influential woman.

let’s dive in!

1. Wage Gap– on average, women earn less than men. Why that gap exists is a matter of often-heated debate, but the fact of its existence isn’t disputed.

 

 

  • What to do– While the wage gap is a subject for society as a whole to address, in the short term, individual women need to focus on money management and budgeting. A very particular trait in women is the ability to focus and multi task. Learning and developing new skills, one of the best ways of facing the wage gap challenge for women is by consistently tracking spending in writing. Skills are learned so this is one skill all women should learn tracking all spending, and using the collected data to create a new written budget. See our budgeting article

 2. Price Gapproducts designed exclusively for women are more expensive than those meant for men, women’s clothing is more likely to need dry cleaning, and women have to purchase things like cosmetics that men don’t use. All of these expenses add up to a hefty price gap between the genders. Studies have also shown that women’s health care is more expensive than men’s, even when exhibiting the same symptoms, not surprise!




  • What to do– Again, budgeting is key. Comparison shopping is also a must. There are all kinds of great apps or even store websites that can be use for comparison with the idea of saving money. The number one form of overspending isn’t buying on impulse, it’s paying too much for things. So look at your necessary spending and see if there’s anything you’re paying too much for that can be bought cheaper from another source, or in bulk. See our 10 ways of to make extra money article

3. Long-Term Care some of these categories seem especially unfair, in that they represent admirable qualities that nevertheless result in financial challenges for women. A Princeton study found that women are twice as likely as their male siblings to end up caring for an elderly parent. And a study from the Journal of Applied Gerontology found that women are more likely to be displaced from the workforce when providing long-term care.

  • What to do– The best solution is to plan well ahead of time, it is always a good idea to add a long term care insurance  tab to your budget planning when you start thinking that it might be necessary in the coming years. The fact that is in your mind, and you are concern about it tells that you might want to start planning for it before is too late.  Put a small percentage aside on your budget and get ready so that you’re able to get long-term care insurance to meet this need when the time comes. Every family situation is different, but if you think this kind of situation is likely, that insurance is more likely to be worth it. And your whole family needs to come together and decide if they are going to buck the trend and share care giving responsibilities equally among siblings just make sure is on writing as a contract, not that you don’t trust your family but, people tend to agree to this type of things and many times fail to deliver leaving the responsibility to a single individual to deal with. See our the secret to savings article

4.Charity – another category that turns a positive into a challenge; women are more likely to give to charity than men, and on average they donate more.




  • What to do– Donating to worthy charities and those that are concistent with your values is great, so we’d only caution you to make charitable giving part of your written spending plan so you don’t go overboard.  You can’t give what you don’t have, do not over promise and do not let anyone bully you or manipulate you into giving. Set a percentage of your income in your budget for giving and stick to it. Do not write checks by Faith to bounce back and get charge for overdraft knowing that there’s no money in your account. Doing that won’t help you or the causes you support. Think of when you’re on an airplane; they tell you in an emergency to put the breathing mask on yourself first, before helping anyone else. The same principle applies here. You’re no good to charities or the needy if you can’t make ends meet yourself. Follow your budget and give as you can, your priority is working your money plan so that you, your family and the people you love and wantvto help can benefit, so make giving a top priority in your budget and give accordingly. See our why giving article

4. Education– yet another positive trend that ends up costing women more money. These days, women are more likely to attend college than men. That’s good—it’s part of how society is addressing the wage gap—but with tuition costs skyrocketing in recent decades, today’s graduates are left with hefty student loan debt.

  • What to do– Student loans are a huge headache for graduates and a huge business for financial institutions everywhere in America, Student loans sees no gender it affects men and women alike. see our How to pay for college without using student loans article




 

What other financial challenges you think women are facing today?

If you’ve got difficulties with your finances in general we’re here to help. Contact us today @ www.redtogreeneconomy.com or @ getinfo@redtogreeneconomy.com

Meet Eboni Phillips, She Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

Eboni Phillips Went From Being Bankrupt To Educating Herself To Teaching Others About Credit

This post is courtesy of LadyBossBlogger

Posted by Elaine Rau

Eboni Phillips has seen poverty in its rarest forms, from sleeping in the back seat of cars to getting them repossessed, Eboni knows exactly what it’s like to be less than credit worthy. After countless experiences with trial and error, she decided that she would use her experience with bad credit to help serve the community and educate others about being financially integral. Read our interview with the lovely Eboni below…





What motivated and inspired you to start your own business?

Well I had no idea I would be a credit specialist. I’d had issues with credit for years. I found myself severely depressed sometimes knowing that I couldn’t get an apartment or vehicle without a cosigner. I sat down one day at a dealership with a car salesman and was told “you need to file bankruptcy” I decided then that credit would not be a hindrance any longer. I was my first client. I applied what I learned to my situation and saw results immediately! I then went on to help family and friends and decided that “serving” others in the area of financial empowerment was my lane. As far as walking away from corporate America to pursue my passion full time, I knew that my potential was bigger than the cubicle that I sat in every day. There is a misery that comes along with not utilizing your full potential and I felt that misery daily. The thought of working 35 years just to survive wasn’t too appealing to me, the glass ceiling on my pay scale drove me crazy… I decided that I wanted to leave a legacy that proceeds me and entrepreneurship was how I would create it.

 

Tell us about your business.

I own and operate Elite Credit Consultants LLC. Our purpose is not only to restore your credit but to give you the tools and essential education necessary to maintain your credit score long after your time as a client with us. I get extreme satisfaction from educating and empowering consumers in the area of credit management. Not only do we focus on disputing inaccuracies but we sit down and have in depth conversations with our clients to figure out where the weak areas are and how we can strengthen them in those areas. Elite Credit is more than a business, it’s a lifestyle!

 

Are you currently running any promos/contests/giveaways that you would like our readers to know about?
Yes. Currently I am offering 15% off all new client enrollment until May 1st.

List awards/certifications/accomplishments.




I am a board-certified credit specialist and credit score analyst through the Credit Consultant’s Association.I will have my Degree in Economics in May of this year.

Where is your business based?

We are located in Ypsilanti, Michigan.

 

What were the first few steps you took to get your business up and running?

The first thing I did was research the requirements to work in my field legally in the state of Michigan. It is very important to be PCI compliant in my industry.Next I researched ways to get certified, even though it is not required in my state I just believe in credentials. I studied hard and passed two exams to become a certified credit specialist and score analyst. I then became my first client.I applied for my articles of incorporation and EIN number.I created a Success (Business) Plan.

 

What has been the most effective way of raising awareness of your business and getting new customers?
Social media has been a great help with getting new clients, but honestly referrals are the lifeline of my business, without word of mouth I don’t think ANY credit business will stand for long. I also understand the scripture “Faith WITHOUT works is dead”. Everything that I do in business is a faith move, I put in the work and I allow faith to produce the end result.

What have been your biggest challenges so far?

My biggest challenge so far has been owning the fact that I am an influencer to the nations. For so long I thought I didn’t deserve to be blessed, so I guess just coming into the realization that greatness is in my life and that there is nothing or nobody that can change that has been my biggest challenge to date… We sometimes can be our own worst enemy.
How did you overcome these challenges?

Entrepreneurship is not for the weak and sometimes you will get discouraged. I implemented lots of prayer, fasting, and meditation on what the word of God says about me! I also began to speak positive affirmations over my life and business daily.

 

How do you keep motivated through difficult times?

I worship in times of difficulty… I know how to pray it through. I have learned the secret to living and that is to be grateful in all situations, to always give thanks, and know that you are your only competition. My daily goal is to be a better version of myself than I was the day before.

How do you distinguish yourself from your competitors?





When you’re a real leader, you know that you have no competition. I don’t mind others taking a seat at my table because I know we are all going to eat. We are all playing for the same team. I am SAVED. I use my entrepreneurship platform as a tool to evangelize and bring people into the knowledge of Christ. If I’m not helping to increase the kingdom, then what I’m doing is for nothing. I stress the importance of what the Bible says about debt and money when I educate… I make it a point to always point people back to God.

What is the best advice you have received recently?
Be CONSISTENT… Sometimes when we aren’t getting the results we think we should be getting, our consistency in our craft dwindles.
What advice would you give to other entrepreneurs?
KEEP GOING… GO ALL THE WAY. Believe in yourself and your gifts. See yourself and your service as an asset and not liability. When you make the decision to be an entrepreneur, you decide to accept the process that comes along with it, and nobody said the process would be easy or fun… but it will be worth it. You’ll thank yourself after.

 

What is your favorite business tool or resource?

My favorite business tool is Facebook live right now for the sake of my financial tip Vlogs I record every Tuesday. I’ve fallen in love with periscope though, so soon I will be taking my talents to that platform. What social media outlets do you use? List them below.

Instagram @thecreditqueen__
Facebook www.facebook.com/Elitecreditrecovery
Facebook Group www.facebook.com/groups/555346381333371
Website www.elitecreditconsultant.com
Email elitecreditconsultants@gmail.com
Hashtags #EBONIINSPIRES #ELITEEFFECT #IFIXCREDIT

What is a good article or book you have read recently?
I am reading the book “Angel Armies” By Time Sheets.

What are you currently learning about for your business or looking for help with?
I am working on an extension to my business through the avenue of real estate… I will be licensed to practice and assist first time homebuyers by the end of the summer. I’m always looking for mentors to further my education in my field but until I find one with a like mind, I will continue to self-educate and attend trainings.

What are your goals for the next few months and how are you striving to achieve them?

In the next few months I plan to have my Real Estate license, College Degree, and increase my social media following and conversion rate. I have my blinders on, I’ve never been so focused and determined to succeed. I will be consistent in my studies and post fresh relevant content daily on my social media outlets.

Passive Income from your phone

few weeks ago my friend Simple Ula shared this cool post on her blog related to in my opinion to passive income, I personally love the idea of having passive income as a way of making money, and for that I also use couple of apps that help me generate the passive income without too much effort. As an example I use ibotta and it’s the coolest thing ever the rewards are phenomenal. So, I decided to check out these lockscreen Ads and I am so glad I did. So, here it is check it out. What to do so we won’t do anything, but we will earn some money?

I’m going to write for you about the ways of creating some passive income from your phone and today I’m going to write about lockscreen ads.

You won’t make a full time income from it, but you’ll, for sure, make some of the so claim passive income. They’re free to download so why not, right?

 

At the very beginning, I was pretty skeptic about it and also worried that it will slow down my phone, but nothing like that happened, fortunately. That’s why I’m happy to share it with you guys :).

With both of these ways below, you can withdraw your money through PayPal or if you want, you can get a gift card to amazon, Starbucks, Ebay, etc.

1. Slidejoy 

This app puts adds on your lockscreen and all you have to do is just swipe to the left before you use your phone (if you have some code on your phone, the code will go next, nothing changes). No clicking on the add, no nothing and it also doesn’t matter how much you use your phone. Just as simple as it sounds and it pays you (by giving you points) just for having adds on your lockscreen on your phone. It takes for me half a second to get rid of it to use my phone normally Believe me, it’s very easy to (download it here) and to use it. You can also do surveys to get some extra money, which you can cash out through Slidejoy.

2. Fronto

It is an alternative to which works basically the same as Slidejoy. You can download it here and if you use my referral code: yadiz , we both will get 1,250 points so how amazing it would be for you to start this app with already some extra points on your account (to be honest I wish I had a referral code from someone when I downloaded it). It only takes another half of a second for me to get rid of it and “get to” my phone as normal. You can also do surveys on this app, just like on  Earn up to $7500 for one sale!

href=”http://getslidejoy.com/r2/e3pszDBsQqgmtzo8GQaFhg”>Slidejoy .

 Slidejoy has better reviews, but for me they’re both great and I have them both on my phone, why not, when you can get some extra coffee or green tea latte for free a month or collect all this money and save it for a purchase on Amazon whenever you’re ready :).

Unfortunately both of these apps work only on Android, sorry Iphone owners. I’m sure Iphone also  has some cool ways of generating some passive income. 

10 REASONS TO BECOME A DIY HERO


 

I gave a lot of thought to this topic mainly because up until a few months ago I wasn’t your type of DIY (Do It Yourself) gal. Like must people I thought the chances of screwing things up we’re not worth the hassle besides why invest time and energy trying to do things I never did before? I thought just call the pros save yourself the energy and the money. Cause after all we know that cheap can get expensive! Well a number of experiences has lead me do somethings myself after all like Mark Twain says, Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did. That’s not the only reason though, recently became a stay at home mom more like I went from having a full time job to a part time job in the transition we had to live on one income and we wanted to continue life as usual the more money I am able to save the more we’re able to fill in the gaps So, I Sailed away from the safe harbor and here are few things I learned:

    1. The opportunity to engage our hands and our brain in things we thought we couldn’t do. The sense of reward one gets from doing or fixing things with our hands can’t be earned any other way, we get to develope new skills and it’s obvious that we learn faster from “hands-on” experiences even if that means through trials and errors.




    1. Becoming a DIY hero will give you a sense of empowerment and self confidence. A while ago we needed a part change in the beamer, we went to the shop and the guy said $1,500.00 including parts and labor and you need to leave your beamer here for at least 2 days. We decided to shop around and find out the actual price of the part. Long story short, we watched a Youtube video, I went to auto-zone paid $16.00 for the part and in less than a minute change the part. It was so easy cause I just gad to unplug the the old part and plug the new one. We ended up saving a ton of money (refer to: The secrete to saving money)
    2. You-tube can teach you how to become a DIY hero, pretty much You-tube can teach you anything. No excuses, there’s no excuses for not doing things yourself or doing what you want. Fixing the car was not the only thing I learned on Youtube and I’m not able to always fix it myself, we take it to the shop with regularity and give it the proper maintenance. But, I learned how to do my pedi and mani and even my hair, so yeah! Pretty much you can learn just about anything in Youtube.
    3. By becoming a DIY hero you will also develop a connection to new people. You become a citizen of the world there’s a large community of DIYers in the web login in to social media everyday, you can feel confident interacting with them exchanging ideas take initiative what skills do you have? Offer to help anyone you know might benefit from your skills who knows one day you might turn it into a business. Just make it clear when offering to help that you’re unskilled, grunt labor and want to learn. Everyone needs a happy helper on a job,.
    4. Never under estimate yourself. You will never know if you don’t try, don’t pass an opportunity to do things yourself, you can be a DIY hero if I believe in you then you should believe in yourself also, you are never too busy to work on your stuff, you work too hard to let things fall apart at home, become handy set a time to do things around whether is daily, weekly, by weekly or monthly hold yourself accountable and do the things you said you will do.
    5. Remember the 80/20 do 100% your best but If the end result looks like an 80% at the beginning, don’t sweat that 20% means room to grow In other words, be OK with getting some paint on the ceiling when you paint your own house get it! Remember that practice makes progress the more you do the more you learn, the more you will know that you can be a DIY hero.
    6. Shadow a pro. If you do hire a pro to do the work, don’t let them toil alone. Fetch tools,  ask questions, sweep the floor, get the coffee, skills are learned and they can be transferable, watch them work.keep asking smart questions and praise their craft. True masters of trade are happy to explain the whats and whys of their work. Don’t be annoying, but also remember that you’re paying them and they’re working for you.
    7. You  learn other things in the process of taking on any task and these pieces of knowledge and the skills you learn will be useful in future projects whether is fixing your car, your washer, painting your roof or doing your nails. Don’t take it lightly if you’re going to learn to do something is worth to learn doing it right.




    1. You are showing your children,  friends and family that they can do it themselves too. If someone like me who is nothing special” can do these things, surely they can, too. Everyone thinks is difficult until is done. Remember the four miles barrier? According to legend, experts said for years that the human body was simply not capable of a 4-minute mile.  It wasn’t just dangerous; it was impossible. Further legends hold that people had tried for over a thousand years to break the barrier, even tying bulls behind them to increase the incentive to do the impossible. In the 1940’s, the mile record was pushed to 4:01, where it stood for nine years, as runners struggled with the idea that, just maybe, the experts had it right.  Perhaps the human body had reached its limit. On May 6, 1954, Roger Bannister broke the 4-minute barrier, running the distance in 3:59.4.  As part of his training, he relentlessly visualized the achievement in order to create a sense of certainty in his mind and body. Barely a year after Bannister’s accomplishment,  someone else ran a mile in under 4 minutes. Then some more runners did.Now, it’s almost routine. If you get up to do something  These people are more likely to try it themselves.




  1. Just try it! DIY! You will thank yourself for doing so. Short of replacing your electrical panel or roof, it’s highly unlikely you’ll ever be in real danger when working on your house or doing things yourself. And, if you’re careful and do your research in advance, you’re probably not going to seriously mess anything up you’ll become a DIY hero.

How likely are you to try DIY doing something new?

Please share your thoughts with us, share this article with friends and family, stop by our social media and say hi.

God bless you!