Even if you don’t look at any of your other business numbers, the one that you should be looking at is Gross Margin. It’s important to know if your Cost of Goods Sold and the Cost of Sales is less than the Total sales by an amount big enough to fund operations, pay yourself and […]
In the past, I’ve discussed how to set up your Profit, Owner’s Comp, and Tax accounts using the Profit First method. But do you know how much to add to each account? Luckily, you don’t have to guess. You can use the Instant Profit Assessment instead. Know the Real Numbers Until now, I’ve only talked […]
One thing I find myself reminding people of over and over is that profit is not an event—a one-time, “Hey, I did it!” kind of thing that happens at tax time, if you’re lucky. To make real profit, consistently, it has to become your habit. Like anything else, if you have a plan and stick […]
In this webinar, we discuss how and why Profit First works; and how money works in your business, including bank accounts, income and inventory.
In this webinar hosted by Gusto, Mike Michalowicz and Cyndi Thomason discuss how Profit First can speed up making your business profitable.
This is the fourth and final installment of the 4-part blog series on profitability I recently did for Teikametrics.com, To wrap up our series, in this blog we take a look at the final three levers that are key to driving profits in your ecommerce business. If you missed the first three blogs, check them […]
In the third installment of the 4-part blog series on profitability I recently did for Teikametrics.com, I talk about the 5 key levers to driving profits for your business. Read on to learn about the first two identifiers. If you missed the first two blogs, check them out here!
This week is the second installment of the 4-part blog series on maximizing profits that I recently did for Teikametrics.com. If you missed the first one, check it out here! I’m excited to be participating in a Teikametrics webinar on February 16th. The topic is “Advanced Accounting Tips to Grow Profits for Your Ecommerce Brand.” […]
It’s been my pleasure recently to connect with the amazing folks at Teikametrics.com, a Marketplace Optimization Platform designed to optimize and grow your ecommerce businesses the smart and strategic way. So when they asked me to write a blog series for them on profitability, I was happy to oblige! The series is presented on their […]
Gross Margin is the one key metric that every business should monitor, even if they do nothing else. You need to understand if your Cost of Goods Sold and your Cost of Sales is less than your Total Sales by enough to fund your operation, pay yourself and your taxes and reward you as the […]
