Many times, ecommerce sellers come to us asking for help with Profit First because they’re having trouble managing money. However, after we do the Profit Assessment for their business, we find that what they actually need is help with cash flow planning. While Profit First is a great way to manage cash, it won’t help […]
Even if you don’t look at any of your other business numbers, the one that you should be looking at is Gross Margin. It’s important to know if your Cost of Goods Sold and the Cost of Sales is less than the Total sales by an amount big enough to fund operations, pay yourself and […]
The Profit First methodology is all about the bank accounts. There are several that you need to set up in order to disperse your cash effectively and increase your awareness of your spending. To do it right, you need to make sure you have the right accounts to help you structure your business to grow. […]
As we weather the summer heat wave and 100 degrees plus temps, it’s a good time to do a little housekeeping before business heats up in the fall. Here are 3 action steps you can take right now to set yourself up for success and learn about summer financial housekeeping. Be Aware of Mileage Rate […]
Proper allocation of funds and expenses is a vital aspect of business ownership. Establishing a reliable system ensures regular commitment and reduces time investment. On the other hand, improvising each month leaves you at the mercy of Parkinson’s Law, relinquishing control over both your time and money. Even if you’ve only been around for a […]
After you’ve prepped and searched through all your options, it’s time to actually sell. When it comes time to send your business off into new hands, there are several things you want to keep in mind to ensure you get the price and the smooth transition you deserve. The Sale It may be time to […]
Now that you’ve built up a strong business that is successfully growing, you’re moving into the final stage of the business lifecycle: selling. No matter if you’re selling because the market is right or you’re just ready to pass the torch, you need to be prepared to sell and should thoroughly explore the options so […]
Now that you’re ready to expand, you need to make sure the important things are in order. One of the most important pieces is of course finances. You also need to make a game plan so you can keep yourself on the path of growth! Finances Keeping an eye on your finances is a big […]
Your accounts tell the truth about your Amazon FBA business. Or at least, they should. If you’re thinking it’s time to sell up, your books better be in good working order. Because a top-paying buyer isn’t going to invest in anything less. By Guest Blogger, Callum Armstrong, Content Marketing Manager at A2X Here are our […]
This is the stage you’ve all been waiting for: growth! As exciting as it is to be able to start growing your business, you need to be sure you’ve got the right stuff to do so. In this week’s SmartCFO series blog, we’re helping you through those growing pains by making sure you know what […]
