In our third video blog of our financial statement webinar series, we are discussing the Balance Sheet. This statement holds a lot of valuable information about your business from its inception, so understanding it is a crucial piece to success. What to Review on Your Balance Sheet Let’s dive into the Balance Sheet and the […]
In our second video blog of this series, we dive into the Profit & Loss Statement, or your P&L. This is a critical report and understanding how to review it and what to pay close attention to will help you keep a pulse on your business. What to Review on Your P&L Let’s dive into […]
For anyone who knows me, you know that I love visiting with folks about their numbers! It’s always a hot topic. I did a 4-part blog series last fall about how to get the most out of your financials, and it was very well received by our industry audience. In fact, it led me to […]
Let’s face it, understanding financial statements can be tricky. To many ecommerce businesses, reading a financial statement is like trying to read a foreign language you’re not well-schooled in. You almost need a translator to explain the various classes, categories, and columns! Oftentimes, this is not a problem of you simply not understanding, but more […]
How Can You Audit Your Amazon Marketing Plan? The beginning of a new year is a great time to review your existing advertising and marketing strategies for Amazon. January allows you to look at data with fresh eyes after your peak season, giving you some clarity on how your product performed. Having clear ending and […]
The beginning of a new year is always a good time to look ahead and think about the progress you want to make in your business during the coming months. Will this be the year you add new platforms for selling your products, expand your product offerings, or move to a better accounting system? All […]
The general tendency of most business owners is to measure success in dollars and cents. But truly, the greatest currency we have as business owners is time. From a financial perspective, was your ecommerce business successful last year? How about from a time perspective? How well did you spend your time last year? Time to […]
This week’s blog is the last in our 4-part series on preparing for year end and tax time. Q4 is typically a stressful time for ecommerce business owners. The tasks we’ve covered in this series can help ease that stress by breaking the task list down into pieces, with a few tasks to accomplish each […]
In Week 2 of our 4-part blog series on preparing your ecommerce business for year-end and tax time, we discussed bank statements, owner pay, expenses, and 1099 filings. Hopefully, you added these tasks to your calendar and were able to knock them out over the course of the week. This week, we’ll look at the […]
What are you hoping to achieve next year as an entrepreneur? Do you want more profit, more time with family, more sales, to learn a new skill or software tool? What is one thing you can do to make that change stick? First, get clear on your goals. Quantity is important here. If you have […]