The Fix This Next framework we have been discussing in our weekly blog and bookskeep BUZZ for the last several weeks has worked so well for us, allowing us to zero in on the needs of our clients. For some time, we have realized that our ecommerce bookkeeping clients need our help beyond just knowing their numbers. To address these needs, in January we launched a service called SmartCFO Ecommerce Business Advisory Service that we have been testing with select clients. We are so pleased with the results these clients have achieved that beginning June 23rd we will be expanding this offer outside our client base.
How Can Progress Masters Help Ecommerce Sellers?
If we look at the Core Needs identified in the Business Hierarchy of Needs, our SmartCFO Advisory Service offering can help ecommerce sellers with the following:
Sales Level: Lifestyle Congruence. Using our Profit First Owner Pay Calculator, we can help you understand how to build your business on solid financial ground so it will support you and your lifestyle.
Profit Level: Debt Eradication, Cash Reserves are tackled when we implement Profit First in a business. If the Margin Health of your business is suffering, we work through Cash Flow Planning and Product Profitability studies to help you solve that core need. We can also help you assess if you’re ready to use debt in your business and to evaluate the various debt instruments you may be considering.
Order Level: Minimized Wasted Effort, Role Alignment, Outcome Delegation and Lynchpin Redundancy are all core needs that are addressed from Clockworking your business. We use the Clockwork principles in our business and can help you address these concerns in yours.
Impact Level: Mission Motivation is a core need that requires you to be completely clear about what you’re trying to achieve. As an objective advisor, we can ask the tough probing questions to help you reach that point. Once you have, communicating and aligning your team is the next step that we help you implement.
Legacy Level: Quarterly Dynamics is a core need that we attend to at the very beginning of our process. Begin with the End in Mind, as Stephen Covey said years ago, and this is the place to start. All our work together in Progress Masters will be done through Quarterly Planning exercises that focus on the most pressing core need.
To learn more about the 5 levels, visit our blog page for blogs specific to each one.
Addressing Strategic Growth for your Ecommerce Business
In addition to this framework we use to address strategic growth in your business, we also provide you with an in-depth, graphics-based financial reporting package to help you understand your numbers.
If you’d like to learn more about Progress Masters or be considered for our Progress Masters Ecommerce Business Advisory Service, please reach out to Bree@bookskeep.com. We’d love to learn more about your needs and how we might help you move up to the next level!
Want to book an appointment? Contact us now!
Interested in Profit First?
If your ecommerce business isn’t where you’d like it to be in terms of profitability, check out my book, Profit First for Ecommerce Sellers. It answers important questions about how to implement Profit First in an ecommerce business. Take control of your money and your business, and put Profit First to work for you!
You can also sign up for the Profit First for Ecommerce Sellers Online Course. As a Mastery Level, Certified Profit First Professional, I will teach you why Profit First works so well for ecommerce businesses and the particular challenges for businesses that have physical products requiring inventory management. You will learn how your behavior drives your money management habits for your business and how you can set up your business bank accounts to work with your habits. Contact bookskeep today to learn more about ecommerce accounting and bookkeeping.
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