As an ecommerce entrepreneur, managing inventory often feels like an endless cycle. Constant borrowing to fund inventory can strain your cash flow and make it difficult to achieve financial stability. Unlike brick-and-mortar stores, ecommerce businesses face unique inventory challenges, adding to the confusion. However, there are proven strategies to break free from this cycle. Let’s [...]
In the fast-paced world of ecommerce, financial challenges are inevitable. As a seller, you might find yourself considering debt as a quick fix. Don’t get me wrong, debt is not always a bad thing for growth, but is it truly your only option? Understanding the types and implications of debt can help you make that [...]
As we enter the third quarter next week, ecommerce businesses must focus on fine-tuning their financial strategies to ensure continued growth and profitability. Profit First provides a great set up to review your business and make sure you’re prepared for what’s to come. Here are some essential steps to help you navigate this Q3 with [...]
Aligning sales with profitability is vital for the sustainability and growth of any business, but this process can look a bit different when it comes to ecommerce. An increase in sales doesn’t automatically mean increases in profit, as there are other factors at play in the sales process. Let's talk about the essential elements that [...]
As an ecommerce business owner, maintaining a firm grasp on your financial health is critical. One of the key tools at your disposal is the balance sheet. This document provides a snapshot of your company’s financial position at any given moment. Here’s a detailed look at what you should regularly review on your balance sheet [...]
As the economy shifts, many ecommerce businesses are now facing the challenge of eroding profits due to rising fees and interest rates. However, despite these hurdles, there are still opportunities to thrive with careful attention to profitability details. Success just takes a little more focus on the drivers of profit. Let’s start with these areas. [...]
As summer approaches, preparing your business for growth is much like gearing up for a road trip. Just as you ensure your car is equipped with gas, oil, and properly inflated tires, your business needs all the right things to thrive. Let's explore the essential financial tools that will serve as your business's GPS, ensuring [...]
As an ecommerce business owner, the decision to reinvest profits is critical for sustainable growth and long-term success. Let's explore why adopting a Profit First approach can benefit your business and how it sets the stage for strategic development. The Impact of Profit Reinvestment Reinvesting profits without a clear strategy can create a cycle of [...]
In challenging times, it's important to chart a course for coming out the other side. Data-driven strategies and detailed planning can both be a crucial part of steering your business through the storm. That means, the best time to evaluate and plan is now, before the storm begins. This way, you’re prepared to make informed [...]
Cash flow is the lifeblood of any business, essential for daily operations and future growth. In the guest blog Cyndi wrote for Carbon6, she explains how financial statements like the Profit and Loss Statement (P&L), the Balance Sheet, and the Cash Flow Statement can provide insights into your business's financial health. It’s essential to understand [...]
