Tag Archives: ecommerce business

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 [...]

Scratch the Spreadsheets and Switch to Software

I can’t tell you how many clients come to us and say the same thing; their CPAs recommend running the business using spreadsheets. For most businesses, this is bad advice. Now, don’t get me wrong, I love spreadsheets and we still use them for several things in our business. They’re just no longer an efficient [...]

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 [...]
Quick Start to Profit First

A Quick Start to Profit First

Do you find yourself wondering how much of your Amazon payout should be set aside for your next inventory purchase? Are you struggling to keep track of upcoming supplier payments and upcoming credit card due dates? If these questions leave you scratching your head, it might be time to implement Profit First to take control [...]
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 [...]

Unveiling Ecommerce Profitability: The Driving Forces

Unlocking the secrets of profitability in your ecommerce business requires a special understanding of your financial statements. One report in particular, your balance sheet, provides 5 driving profitability forces to keep your eye on. So, let's discuss them and how they can impact your profit and your business. The 5 Drivers Picture your financial statements [...]

Crucial Metrics for Ecommerce Business Growth

For any ecommerce business, understanding its performance is crucial for growth and sustainability. While Gross Margin remains a fundamental metric, there are several others worth delving into. Let's explore three key KPIs, how to calculate them, what insights they offer, and the benchmarks to aim for. Inventory Days Inventory Days assess how efficiently you convert [...]
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