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Tag Archives: debt

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 […]

Give Yourself Some Credit

Some things are just better together, like peanut butter and jelly and ecommerce businesses and credit cards. In today’s financial world, little plastic cards have become the #1 tool, especially in ecommerce businesses. So, it makes sense that the first question I get when talking about Profit First is, “Can I still use my credit […]

Debt and Growth Meet in an Ecommerce Business

The typical argument I hear from my clients is that their business has to have debt to achieve growth. I understand where they’re coming from, but there are factors that need to be considered because not all debt (or growth) is created equal. You need to understand a few critical components of both debt and […]

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PPP Loan Forgiveness—The Latest Ecommerce Update

It’s been a few months since we talked about the Paycheck Protection Program (PPP) loans that many of you received earlier in the year. We have been monitoring the guidance issued by the Treasury Department and the Small Business Administration (SBA) and trying to keep tabs on the “talk” that Congress may offer loan forgiveness […]

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Paying Down Debt with Profit First

  The transition to Profit First can seem like a big adjustment when you’re paying down debt. Often, clients are so motivated as they start cutting costs that they apply all those savings to reducing debt. They are so excited about the progress that they bypass the profit account and apply all extra monies towards […]