Posts

“If you rely on your paycheck, it’s smart to protect it with disability insurance…”

Long-term disability insurance is something that most people don’t consider when preparing for financial security and choosing coverage. The truth is, financial freedom all begins with proper financial planning, preparations and preventative coverage, which offers job security in the case of the unthinkable occurring.

Long-term disability insurance not only insures our paychecks and ourselves, it also helps us to protect our family and loved ones…

This specific type of insurance, serves as a policy that protects employees from loss of income, if for example, an individual is suffering from an ongoing illness, accident, or injury, leaving them unable to work as per usual. Long-term disability coverage is especially important to ensure financial security, as research shows that most employees with an ongoing illness or a long-term disability, can miss up to two to three working years, causing a major impact on their income and financial security for themselves and their loved ones.  

So, hypothetically, if you had an accident or injury and as a result, found yourself unable to work, would you be able to support yourself with the resources you have right now to cover all expenses for up to months, or even two or more years? Would this impact your family and your financial goals?

There are individuals and families that have to ask themselves this difficult question when it is already too late. Not having the proper coverage has unfortunately left a great amount of Americans feeling emotionally distraught and financially devastated. However, those who have prepared in advance and secured the right coverage, if the unforeseeable occurs, long-term disability insurance will help people to get through a difficult time without having any financial concerns.

So, how does this type of insurance work in your benefit? Long-term disability insurance will provide a monthly income if an insured is left without the possibility of working due to a disability. Before receiving this security, an individual must choose a time period they would like to receive their benefits. For example, one must choose the amount of years of benefits or up until a certain age that they would receive this form of security. Payment amounts will vary depending on an individual’s occupation and monthly income, but most companies offer you the ability to customize a plan that will meet desired needs.

Hiring a financial planner to support you through your journey of obtaining long-term disability insurance will help you to choose and customize the right plan for you…

ERPS Group is a one-of-a-kind financial firm located in Metro New York City that offers a differentiated approach to helping people to achieve enduring financial results and support in choosing the perfect life insurance plan. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.

‘’Behind every good business is a great accountant…’’

What is financial planning? How can it help your business? And why is it so important? 

If you have goals you want to achieve and visions of where you want to be financially and personally, financial planning is the first step to having your dreams become a reality! Creating a plan and reflecting upon your income and liabilities, will help you move forward towards a life of financial freedom.

For those of you who have not yet heard much about financial planning, we are going to uncover the secrets of how fantastic this can be for both your work-life and personal-life…And this is only the beginning!

If you are new to the world of financial planning, here are 3 secret ways to promote financial freedom in your life and ways to get on track as soon as possible!

1. Begin your financial planning journey today!

The first step of financial planning is knowing that you can start at any time. It is best to start now, regardless of how old you are. It doesn’t matter what your income currently is or what you do for a living, it’s just about ensuring that you set aside money for you each month and begin to plan financially for retirement.

Starting to plan as soon as you can will be in your favor, as planning long-term helps you accumulate more overtime. More specifically, when you are planning long-term goals, you want to think about the next 3 to 5 years from now. So, now’s the perfect time to get started!

2. Save 10-20% of your salary.

The truth is, we all cannot predict what the future will bring, and saving is a way for you to feel more secure and set in case of any unexpected circumstances. It is not about how much money you make, it is about your relationship with money and what you do with the amount you have.

Saving will help you avoid getting into debt and will be a way for you to have money in case of an emergency, or to invest in your business, which will bring you more money in the long-term.

3. Always, always, always stick to a budget.

The final most important step to consider in regard to financial planning is the importance of creating a budget and sticking to it!

Budgeting is the best way to create a plan and move towards financial freedom. This will also ensure that you’ll live without huge debts and be able to control your spending. So, proper financial planning can get you to where you want to be, without the hassle and stress along the way…

Interested in learning more? ERPS Group is a one-of-a-kind financial firm located in Metro New York City that offers a differentiated approach to helping people to achieve enduring financial results. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.

Remember, “It’s All in Your Hands!”

“If you want something you’ve never had. You must be willing to do something you’ve never done.” -Thomas Jefferson

Are you offering a product or service that adds value? Have you been seeking ways to develop your business strategy? Have you just started a business? Are you not getting the results you had hoped for? If you’ve answered yes to any of the above questions, this is for you!

Businesses require constant and consistent strategy to continue to produce great products or services, while increasing sales. However, often when sales are down and a budget is tight, business owners begin to find it difficult to consistently increase sales and enhance their business strategy, which usually all comes down to cost.

The truth is that no matter what your budget is, there are always methods to boost business sales and continue to develop your product or service, with consistent and strategic input…

So, if you are offering a great product or service but still aren’t gaining the amount of sales you were hoping for…no need to worry any longer!

Here are 5 ways you can boost sales and promote your business even more!

1. Motivate and involve your team.

Involving your team can help to develop your product or service, as each member can contribute their strengths and expertise to make your plan of action even stronger. Finding ways to inspire them individually and together as a team, can also help to boost sales almost immediately!

2. Create a S.M.A.R.T action plan.

Once your team is motivated, inspired and ready to take action, create an action plan which clearly defines your objectives and S.M.A.R.T action steps, ones that are specific, measurable, assignable, relevant, and time based.

3. Provide referral incentives.

One of the most important aspects of selling a product or service is finding new customers and making people aware of the value you are offering. One of the best ways to do this is by having current and previous customers share and refer your service. You can offer a referral gift or discount in exchange for this. Developing a referral system with an incentive will give sales a big BOOST!

4. Develop your marketing strategy.

Reflect upon your current marketing strategy. How are you making your product or services known? Use content such as case stories or informational articles to nurture leads and give recognition to your business.

5. Develop a lasting solution with a financial planner.

A financial planner can help you to strengthen your plan and develop a lasting solution for your business! If you are ready to get on track and BOOST business growth, a financial planner will analyze the ins and outs of a business and reveal a company’s financial patterns. They will be able to show which products or services bring in more money, which take away more time and cost, and which services to up sale to existing customers.

ERPS Group is a one-of-a-kind financial firm located in Metro New York City that offers a differentiated approach to helping people to achieve enduring financial results. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.

Remember, “It’s All in Your Hands!”

‘’Strategy is choosing what not to do…’’

Managing and developing a successful business is not easy. Every enterprise has its own way of doing things and most of the time, business plans come along with various complexities. The question is, what causes businesses to do well and what causes businesses to fail? Why do some strategies work for one business and not the other?

For a business to succeed long term, it is first important to steer clear of the myths and then set up a great plan, prepare, execute and embrace the strategies that work in favor of your business.

Here are 4 myths that can KILL your business if you don’t steer clear:

Myth #1: Lowering your fees will make your business more competitive.

Lowering costs can have the opposite effect on your business. For example, if you lower your fees, you may have difficulty adding the same type of value and continuing to increase that value overtime. It can become more difficult to find quality employees, which can affect the overall image of your business. So rather than focusing on lowering costs, focus on how your solution can add value to your customers.

Myth #2:  No matter what, the customer is always right.

If every customer is always right, every enterprise would go out of business! Every customer will have a different perspective. It is important to keep your companies’ image, brand, and mission clear and strong. If you change the vision of your company on a whim, it can not help you to develop a profitable company in the long run. However, the customer will always continue to be your customer if you can see things from their point of view, understand their needs, empathize, add value and set clear expectations.

Myth #3: Under-promise and then over-deliver.

The truth is, we live in a competitive world of business. Nowadays, everything is accessible, all the time. If you under-promise and set low expectations, you might never have the opportunity to over-deliver. Having high stands and setting clear expectations will increase customer satisfaction more than setting low standards.

Myth #4: You can save money by doing everything on your own.

Okay, so you might be able to save some money by doing everything on your own, but teamwork does make the dream work, much better. In a successful running business, bringing in people with various strengths can add greater value then if you’re trying to do everything independently. It is important to utilize your time wisely. Having people contribute to other areas that are not your expertise will help you to develop a stronger business and earn more money overtime.

Want to learn more?

ERPS Group is a one-of-a-kind financial firm located in Metro New York City that            offers a differentiated approach to helping people to achieve enduring financial results. They offer effective strategies that help to bridge the gap between financial freedom and personal or business goals.

Remember, “It’s All in Your Hands!”