Relay Makes Ecommerce Banking a Dream
In 2019, while I was attending QB Connect, I stumbled upon Yoseph West with Relay. I quickly became interested in this online banking service and my excitement grew as everything I heard sounded like the perfect addition to my Profit First for Ecommerce Sellers toolbelt. After the event, I went home and decided to chat […]
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 […]
Learn the Love Language of Inventory
As I sit here in the middle of February looking back, it’s obvious that we, of course, spent most of January completing financial statements for our clients. Year-end isn’t much different for us than month-end because we expect to deliver accuracy year-round. However, this time it’s crucial that we have inventory right because of tax […]
Welcome to Ecommerce Recession-Proofing 101
The thought of recession looms over us all this year, but instead of sitting around worrying, why don’t we take action now? Let’s not wait to do the cleanup after the storm has wreaked havoc on our business. Instead, let’s reinforce the windows and stock up on what we need to help us weather the […]
Are You Covered in Case of a Crisis?
Since 2023 is here and there is the likelihood of a recession hanging over us, the most productive thing we can do now is prepare. Trying to survive a recession sounds scary, but there’s no need to panic. By analyzing the Business Crisis Trend and taking action now, you can ensure your business is ready […]
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, […]
Amazon FBA Mastermind Module 1: The World Of Ecommerce
Amazon FBA Mastermind Module 1 began on January 20 with Dr. Ellen Britt welcoming the new students and setting the stage for the next 4 modules. Christine Cobb, our instructor, gave us an overview of the world of ecommerce and specifically how Amazon FBA fits into that world. Many of the barriers to entry for bricks-and-mortar […]
Tool: The 13-week Cash Flow Plan for Ecommerce Sellers
As of this posting, we are about four weeks in from the time the World Health Organization (WHO) declared the Coronavirus outbreak a world-wide pandemic. Once that announcement was made, our world began changing at supersonic speed. For ecommerce business owners, and many others as well, it didn’t take long to begin to see the […]
