Ecommerce Business Best Practices

How to Safeguard Your Ecommerce Business

 As we end July and prepare the kids for the return to school, we are also inching toward the cooler days and the bustling Q4. These are two big transitions to make In the dynamic landscape of ecommerce, financial turbulence can be a daunting challenge. To safeguard your business and ensure its longevity, it’s essential [...]
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How to Keep Your Ecommerce Inventory Accurate

 Now that the year is officially halfway over, it’s time for a true up. Maintaining accurate inventory records is essential for assessing profitability and ensuring your financial statements are correct.   A quarterly inventory true up can help you achieve this by reconciling the physical count of inventory with your books. Here’s a a quick guide [...]
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How to Manage Inventory Without Financial Strain

 As an ecommerce entrepreneur, managing inventory often feels like an endless cycle. Constant borrowing to fund inventory can strain your cash flow and make it difficult to achieve financial stability. Unlike brick-and-mortar stores, ecommerce businesses face unique inventory challenges, adding to the confusion. However, there are proven strategies to break free from this cycle. Let’s [...]
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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.   [...]
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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 [...]
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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 [...]
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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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Fluff Your Cash Reserve Cushion

 Now that the hustle and bustle of Q4 and tax season is starting to slow down, it’s a great time to start thinking about how much padding you have in your cash reserve cushion. It’s never too late to add some extra stuffing, so let’s talk about how you can build your cushion up this [...]
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