Could You Use More Profits in Your Ecommerce Business in 2021?
2020 is in the books! How did you do? With the new year just beginning, now is the perfect time to look at your P&L and Balance Sheet to check the health of your business. I also recommend that you run your Profit Assessment, as well. Even if you did this earlier in the year, […]
Profit First Relies on Good Habits, and it’s Never Too Late!
If you’re familiar with Profit First, you know the level of success you have is a result of developing good habits around your money. It’s been shown that our habits each day make up our behaviors. When our habits are in alignment with our goals, their consistent performance is the biggest factor in achieving those […]
Wait! What? Debt Can Be a Good Thing for Your Ecommerce Business?
While I generally advise many of our clients against the use of debt in their business, it can have its place, if it’s being used as a tool and is managed responsibly. There are good reasons to have debt, such as loans. Here’s how I differentiate between the good and the bad (to avoid the […]
Profitability: Educating Ecommerce Sellers
Educate, Educating, Education. These words are sure to evoke some response, especially if you’re doing school from home during the COVID lockdown. For me, these words bring back memories of my grandfather. He always said, “Get your education; no one can take that away from you.” I worked in a corporate job and went to […]
Cash Flow Forecasting – What Does Your Horizon Look Like?
This time of year, many of our clients are actively engaged in Q4 2020 and contemplating what business may be like in 2021. There are many unknowns this year; everything from pandemic developments to storage limitations and fulfillment and shipping concerns. One thing is certain—this year, Q4 will be different. Are you prepared for all […]
Data Driven: A bookskeep Core Value That Ensures We’re Serving You Well
At bookskeep, one of our core values is being data driven. We know you need accurate data to run your business successfully. That’s why we care so much about our data. Here are a couple of data points and trends we monitor to ensure that we are delivering on our promises to you: 1) delivering […]
Amazon Reserves and Profit First
I have recently had a few questions from ecommerce sellers about how to manage their profit allocations when Amazon withholds a reserve. This week’s blog will specifically address the implications to your Profit First allocations and how to manage them if a reserve has been withheld. I will also address how to use your Profit […]
Leadership is Personal—It Begins with You
The last day of the EntreLeadership Summit, Day 3, kicked off with leadership coach and Ramsey personality, Christy Wright. Her topic was “Get a Life, Don’t Lose Yourself in the Business You Love” and she was on fire! This title certainly rings true for me, and I bet it does for many of you, as […]
Introducing Progress Masters Ecommerce Business Advisory Service
The Fix This Next framework we have been discussing in our weekly blog and bookskeep BUZZ for the last several weeks has worked so well for us, allowing us to zero in on the needs of our clients. For some time, we have realized that our ecommerce bookkeeping clients need our help beyond just knowing […]