Tag Archives: cash flow

Boosting Profit with Sales Data

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 [...]
Balane Sheet

Essential Balance Sheet Insights for Ecommerce Success

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 [...]

Sharpen Your Pencil and Your Profits

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.   [...]

Roadmap to Summer Profits

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 [...]
Invest wisely

Investing Profits Wisely: A Guide for Ecommerce Business Owners

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 [...]

Assessing Priorities When Managing Challenges

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 [...]

Navigating Cash Flow with Inventory Intelligence

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 [...]
Financial Literacy

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 [...]

The Road Map to Profit

Just do it. Swallow your pride, and use the GPS for directions! We all want an easy trip so we can enjoy the ride.  The best way to make sure that happens is to follow a proven path. You’ll be able to prepare for obstacles that might slow you down like accidents or slow-moving traffic, […]

Feel the Rhythm of a Cash Flow Resolution

There are a lot of process and some very specific math involved in starting Profit First but, in my opinion, there is no better way to start out the new year than gaining control of your finances. So, let’s discuss two primary cycles to help you make it all work: a 10/25 rhythm each month, […]

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