Effective Ecommerce Cash Management During High Sales Periods
Have you experienced a surge in sales during the holiday season? If so, how did you handle your cash flow? During periods of rapid growth in your business, it can be easy to get caught up in the excitement of increased sales and the accompanying challenges. Perhaps you had to make strategic shifts in your [...]Your Guide to Ecommerce Conditions and Loans
Considering a loan for your ecommerce business? There are several compelling reasons you might find yourself contemplating this financial step. Perhaps your business is experiencing rapid growth, demanding faster inventory restocking than your sales can accommodate. Maybe you've got an exciting new product idea, but prefer to finance it separate from your existing business operations. [...]Avoid Year-End Surprises: Master Inventory True-Ups
It’s hard to believe that it’s already the last week of Q3 for 2023, and yet, here we are! If you haven't conducted an inventory true-up yet this year, I encourage you to take this essential step before the calendar officially begins Q4 and the rush begins. Failing to keep an eye on your inventory [...]Is Debt Your Only Option?
I frequently hear discussion of debt in business, with arguments coming from both sides. While I do agree that debt can have its place in growing your business, it’s important to consider all the facts first. As we are potentially looking at a recession in the future, which could leave you tempted to take out […]
Learn the Love Language of Inventory
As I sit here in the middle of February looking back, it’s obvious that we, of course, spent most of January completing financial statements for our clients. Year-end isn’t much different for us than month-end because we expect to deliver accuracy year-round. However, this time it’s crucial that we have inventory right because of tax […]
Get Yourself Off the Inventory Hamster Wheel
I know I’ve said it before, but I’m going to say it again. I talk to tons of ecommerce entrepreneurs a year and inventory is always one of the top questions. That’s because inventory for ecommerce can be a little trickier than it is for brick-and-mortar stores. So, let’s go over how to avoid getting […]
Inventory Basics—Quarterly Inventory True Up
We’re now officially in the back half of the year! Do you know how profitable you are? If you have not done an inventory true up yet this year, I challenge you to take that step now before you get into Q4 crazy days. If you have been booking COGS all year, without looking at […]
Inventory Basics—What Every Ecommerce Seller Needs to Know
For the past four weeks now, I’ve been discussing inventory—how to plan for it, how to count it, and how to manage it once you have it. Important basics that all ecommerce sellers must know in order to run their business successfully and profitability. Based on conversations and feedback I’ve received over the years about […]
Fiddle.io – Inventory Management and More!
I recently invited our friend, Taylor Howe at Fiddle.io to share a little about Fiddle, the online platform for managing inventory, sales, sourcing, and manufacturing. Here’s what he had to say about this dynamic program! Why Fiddle? Physical product brands, at their core, need to be excellent at producing incredible products that their customers love. […]