Profit First-Cash Management

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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 […]

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Q4 Sales for Amazon Sellers Fund Future Plans

During these next couple of months, many Amazon sellers are focusing on Q4 and preparing to make the most of the holiday shopping season. By doing a little work now, you can make sure you keep more of the money you make during one of the busiest shopping times of the year. While inventory buying […]

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Create an Inventory Bank Account to Manage Cash Flow

Are you having cash flow issues? Do you come up short of cash when you reorder inventory?   It’s human nature to look at our bank balance and make a judgement about our financial health. When you use a single checking account for all your business expenses, the funds you are counting on to replenish your inventory are mingled with all […]

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Squirrel Funds: How to Build Up Your Savings

We’ve all heard the story about the squirrel who works hard in the sweltering heat all summer long, building a nest and gathering nuts to store for the winter. When the winter weather arrives, the squirrel is warm and well fed. The squirrel was smart and prepared. Do you have a Squirrel Fund? Are you […]

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Profit First Professional Convention 2017

The Profit First Professional Convention is happening this week in Morristown, NJ, and I couldn’t be more excited! Running from September 27 through September 30, “Profit Con” is the place to be to get your business operating the way you’ve always envisioned it could. As a participant at Profit Con, you will have the opportunity […]