A Quick Start to Profit First
Do you find yourself wondering how much of your Amazon payout should be set aside for your next inventory purchase? Are you struggling to keep track of upcoming supplier payments and upcoming credit card due dates? If these questions leave you scratching your head, it might be time to implement Profit First to take control [...]
Investing Profits Wisely: A Guide for Ecommerce Business Owners
As an ecommerce business owner, the decision to reinvest profits is critical for sustainable growth and long-term success. Let's explore why adopting a Profit First approach can benefit your business and how it sets the stage for strategic development. The Impact of Profit Reinvestment Reinvesting profits without a clear strategy can create a cycle of [...]
Why Profit First Might Not Work for You
If you’ve been here a while, and probably even if you haven’t, you know we're big advocates of Profit First. It's a system I use in my own business and modified it for my clients so I could write the book on Profit First for Ecommerce Sellers. However, as much as I believe in its [...]
New Year Means a New Financial Plan
Year End is only a handful of weeks away, which means it’s time to start making your financial plan for the New Year. As we reflect on the past and prepare for the future, I'd like to offer you seven essential steps to help you navigate the financial landscape ahead with confidence and foresight. Secure [...]
Maximize Your Holiday Profits
It’s the holiday season, which is the most wonderful time of the year for many of you ecommerce sellers. Your well-crafted plans are jumping into action, and I hope your bank accounts will ring with record-breaking holiday profits! While you might not think you need to be concerned with cash flow management during the seasonal [...]
Pay Yourself for Your Labor of Love
As we bid farewell to summer this upcoming Labor Day weekend and watch the kids head back to school, we also gear up for cooler days and the exciting Q4 ahead. But amidst all this hustle and bustle, have you taken a moment to celebrate the labor of your most crucial team member? Yep, I'm [...]
Plan for a Potential Crisis
Talk of recession seems to be taking over the ecommerce circuit even more as of late. Everyone is buckling down, trying to figure out how they can come out on the other side if the recession does hit. The best thing to do is plan, not panic, and the best way to plan is to […]
Profit First Isn’t Your Best Move
If you’ve been around for even a couple of weeks, you know that we are all about Profit First here at bookskeep. I personally use it in my business and even wrote the book on Profit First for Ecommerce Sellers. It will always be my favorite recommendation to make, but there are times when even […]
Essential Tax Prep Bank Accounts
Prices continue to rise and it’s taking a toll on everyone. Everything has doubled (at least) in price and we still have to be ready to pay that tax bill soon on top of gas and groceries. It’s a bit overwhelming if you aren’t ready, so my question is, are you? Preparation with Profit First […]
