Profit First-Cash Management

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How to Keep Track of Cash Flow for Inventory

Off the top of your head, would you know the answers to questions about your business expenses, inventory and profit? Questions like, “What amount from my Amazon profit will I have to put back for the next time I make an inventory order? When am I supposed to pay off my supplier? Don’t I need […]

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I Need Help! But Can I Afford to Hire Someone?

  A question that most business owners, including ecommerce, ask themselves at some point is “I really need help, but how do I know I can afford to hire someone?” It’s a tough question and not always an easy one to answer. The ecommerce business is built around cash flow and inventory, and it’s a […]

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Why You Need a Cash Strategy Year Round

Most businesses have ebbs and tides; cycles of highs and lows when it comes to sales. These cycles can be especially tricky for ecommerce sellers; planning for inventory, budgeting for operating expenses, and finding a way to survive the lean times until the next bounty comes in. It’s a lot of work, isn’t it? And […]

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Profitability Begins with the Profit First Equation

As I expand my work with Amazon and other ecommerce sellers, whether it be through my business, speaking engagements, social media or other avenues, I see more and more the common threads that tie these unique, hardworking entrepreneurs together. One of those threads has to do with the debt they incur as they run their [...]
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Paying Down Debt with Profit First

  The transition to Profit First can seem like a big adjustment when you’re paying down debt. Often, clients are so motivated as they start cutting costs that they apply all those savings to reducing debt. They are so excited about the progress that they bypass the profit account and apply all extra monies towards […]