Randy and Renee Hughes are the founders of Seven Figure Profits, an award-winning Black-owned tax planning and advisory firm that solves money problems for African American and other minority entrepreneurs who are making six or seven figures but still don't feel profitable or financially free. Many people assume that businesses generating this type of revenue automatically have financial freedom, but research shows that over 40% of high-earning business owners still live paycheck to paycheck.
As a married couple, Randy as a Certified Tax Resolution Specialist (CTRS), and Renee, as a Profit Psychology Coach, advise not just what to do with your numbers but the mindset and psychology that comes with avoiding what they call the "7-Figure Poor trap". In addition to the financial part of business, they also focus on the psychological part - how to support brain health to make smart healthy business and financial decisions.Renee comments, "Seven figures isn't what it used to be. Therefore, my husband and I have created the term '7-Figure Poor,' which refers to entrepreneurs who generate millions in revenue but still face low profit and burnout and therefore struggle to cover expenses and are unable to invest. It's a common condition that we can help you avoid or reverse while working with or without your current accountant!"
Randy adds, "We are a dynamic duo who speak both the language of artistry and the dialect of dollars. We understand the psychology behind financial success for Black and Brown entrepreneurs. Our whole-person approach guides you to maximum profit while preserving space for building years of financial excellence."
Their company, which is more than just a typical accounting firm, stops that cycle for their clients with a two-step approach that includes a clear financial plan and the psychology needed to do it. Their clients don't just save money; They experience a complete transformation of their business.
They use the following tools to implement their strategies.
Cure for 7-Figure Poor: Transforming high earnings into true profitability and personal happiness, breaking the cycle of high revenue but low satisfaction.
Burnout to Balance: Navigating the complexities of managing a 7-figure business with tailored strategies to reduce unnecessary stress and anxiety.
Expert Guidance: One-on-one coaching to make informed financial decisions, avoiding the common pitfalls of mismanagement.
Tax Complexity Navigation: Handling intricate tax issues and optimizing wealth preservation strategies.
Personal Development: Focusing on holistic growth, balancing your professional success with personal joy and fulfillment.
To learn more about their company, Seven Figure Profits, and/or to schedule a profit planning session, visit their official website at SevenFigureProfits.com
Renee made history in 2019 as the first Black woman to open an accredited aromatherapy school and has helped over 400 entrepreneurs through private coaching and workshops to advance their businesses. She has also helped a lot of success in helping entrepreneurs recover from and/or manage stress-related illnesses. As a Profit Psychology Coach, she helps business owners regulate their brain health so that they can make smarter and healthier business and financial decisions. Be sure to follow her on LinkedIn
For press inquiries or media interviews, contact media@sevenfigureprofits.com