Sales and Profit: The Core Connection
Sales are often considered the backbone of any business, generating cash and supporting profit. However, merely increasing sales may not always lead to higher profits. To build true stability, businesses must ensure that sales support profitability. The sales process involves five core steps: creating a connection with buyers, securing payment agreements, delivering the product, collecting [...]
Leveraging the Power of Outsourced Ecommerce Bookkeeping
Ecommerce has revolutionized the way businesses operate, enabling entrepreneurs to reach global markets and cater to an ever-expanding customer base. As an ecommerce business owner, you understand the importance of efficiency and accuracy in every aspect of your operations. One crucial aspect that should never be overlooked is bookkeeping. Accurate financial records form the backbone [...]
Navigate Quarter Three Ecommerce Accounting Like a Pro
As an advocate for financial literacy and someone who works specifically with ecommerce businesses, I firmly believe in the power of Profit First to transform the way you run and look at your business. With the Profit First approach, you can ensure your ecommerce business not only thrives but maximizes profitability so you can take [...]
Unleash the Power of Vision: Create, Communicate, and Align for Growth
One of the best things I did for my business was creating a vision statement and communicate it to my team. It has kept me focused and helped guide my team in decision-making as well. Creating a compelling vision, effectively communicating it, and setting and adjusting goals on a quarterly basis are key to keeping [...]
Building an Ecommerce Cash Reserve Cushion
2023 is more than halfway over now, which means it won’t be long until were back to the busy selling season. While July may seem too early to even think about Q4 and busy holiday sales, the start of Q3 is the time to make your plan for an ecommerce reserve cushion. This means the [...]
Survival Plan Checklist
Since the launch of Mike Michalowicz’ book, Fix This Next, I have used the diagnostic tool in the book to help me analyze and continually work on my business. The tool is a great resource for fixing problems, but it can also help you prepare for them so the impact is less when new problems […]
Is Debt Your Only Option?
I frequently hear discussion of debt in business, with arguments coming from both sides. While I do agree that debt can have its place in growing your business, it’s important to consider all the facts first. As we are potentially looking at a recession in the future, which could leave you tempted to take out […]
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 […]
6 Ecommerce Tech Essentials
As an ecommerce business owner, you probably spend a lot of time on your computer (I know I do). So, what is your tech stack and is it working for you? At bookskeep, we are experts on the software and accounting systems that you need to keep a business running smoothly, and we want to […]
