Pay Yourself as an Ecommerce Business: One of the key objectives of owning a business is to ensure you can pay yourself. We frequently receive inquiries about when and how much you can pay yourself. Thankfully, Profit First simplifies this process into a straightforward math problem. So, prepare your pencil, because we’re about to delve […]
Some things just go together: peanut butter and chocolate, washers and dryers, and ecommerce businesses and credit cards. These little plastic cards have become an essential business tool, in ecommerce especially. In fact, when I talk with clients about profit first, one of the first questions I always get is, “I can still use my […]
When I decided to write my latest book, Motherhood, Apple Pie, and All That Happy Horseshit, I knew that there had to be other women out there who understood trying to be a good mom and a good business owner. At the beginning of my momtrepreneur journey, trying to juggle these two roles and their […]
After you’ve prepped and searched through all your options, it’s time to actually sell. When it comes time to send your business off into new hands, there are several things you want to keep in mind to ensure you get the price and the smooth transition you deserve. The Sale It may be time to […]
Now that you’ve built up a strong business that is successfully growing, you’re moving into the final stage of the business lifecycle: selling. No matter if you’re selling because the market is right or you’re just ready to pass the torch, you need to be prepared to sell and should thoroughly explore the options so […]
Now that you’re ready to expand, you need to make sure the important things are in order. One of the most important pieces is of course finances. You also need to make a game plan so you can keep yourself on the path of growth! Finances Keeping an eye on your finances is a big […]
This is the stage you’ve all been waiting for: growth! As exciting as it is to be able to start growing your business, you need to be sure you’ve got the right stuff to do so. In this week’s SmartCFO series blog, we’re helping you through those growing pains by making sure you know what […]
Now that we’ve talked about better understanding your numbers and managing your cash, we can talk more about your processes and products. This week, we’ll dive farther into the groundwork that needs to be done with people, processes, and inventory. People & Process With so many software and channel options available to you today, it’s […]
You’ve built out the basics. You’ve checked off the initial boxes on taxes and compliance. You’ve got something to sell and places to sell that something. Now it’s time to create order & structure. In the third blog of our SmartCFO series, you’ll lay more groundwork for the future growth stage. Financial Data Analyzing financial […]
Our second blog in the SmartCFO series continues to discuss some of the basics of business set up. This week, that includes decisions about tools, accounting systems, and team development. From this list you should have a better understanding about what to look for in your accounting software, inventory systems, and other internal tools to […]
