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Profit First-Cash Management

New Year Means a New Financial Plan

Year End is only a handful of weeks away, which means it’s time to start making your financial plan for the New Year. As we reflect on the past and prepare for the future, I'd like to offer you seven essential steps to help you navigate the financial landscape ahead with confidence and foresight.  Secure [...]
Holiday gift bags

Maximize Your Holiday Profits

It’s the holiday season, which is the most wonderful time of the year for many of you ecommerce sellers. Your well-crafted plans are jumping into action, and I hope your bank accounts will ring with record-breaking holiday profits! While you might not think you need to be concerned with cash flow management during the seasonal [...]

Pay Yourself for Your Labor of Love

As we bid farewell to summer this upcoming Labor Day weekend and watch the kids head back to school, we also gear up for cooler days and the exciting Q4 ahead. But amidst all this hustle and bustle, have you taken a moment to celebrate the labor of your most crucial team member? Yep, I'm [...]

Plan for a Potential Crisis

Talk of recession seems to be taking over the ecommerce circuit even more as of late. Everyone is buckling down, trying to figure out how they can come out on the other side if the recession does hit. The best thing to do is plan, not panic, and the best way to plan is to […]

Wrong move

Profit First Isn’t Your Best Move

If you’ve been around for even a couple of weeks, you know that we are all about Profit First here at bookskeep. I personally use it in my business and even wrote the book on Profit First for Ecommerce Sellers. It will always be my favorite recommendation to make, but there are times when even […]

Essential Tax Prep Bank Accounts

Prices continue to rise and it’s taking a toll on everyone. Everything has doubled (at least) in price and we still have to be ready to pay that tax bill soon on top of gas and groceries. It’s a bit overwhelming if you aren’t ready, so my question is, are you? Preparation with Profit First […]

Feel the Rhythm of a Cash Flow Resolution

There are a lot of process and some very specific math involved in starting Profit First but, in my opinion, there is no better way to start out the new year than gaining control of your finances. So, let’s discuss two primary cycles to help you make it all work: a 10/25 rhythm each month, […]

Wade Into Profitable Waters

I recently had the opportunity to present Profit First to a group of business owners in Philadelphia. After the talk, several told me they were re-energized about trying to get Profit First working in their business. Unfortunately, their stories were ones of failed attempts. I have heard this repeatedly over the years from clients that […]

Plan for Peace of Mind in Your Ecommerce Business

Cash management is a critical piece of owning a business and growth and success. That’s why it’s so important to analyze how you’re managing your cash and make a plan for the future. By doing this, you’re not only setting yourself up for success, but also making a back-up plan for times when business just […]