When you pull your financial statements, what do you look at first? Chances are you go straight to the net profit line. Last week, in addition to the net profit number, I shared other aspects of your Profit and Loss report that you should be evaluating. This week let’s look at the Balance Sheet to […]
These last few months have been a wild ride for our clients. Some sold more in April than in Q4. Some were laying off employees and pivoting to merchant fulfilled. Most were applying for the SBA loans, both the PPP and the EIDL. The ecommerce business has really been all over the map. I hope […]
As a business owner, you should be reviewing your financials every month. These reports are the pulse of your business. But what exactly are you looking for? Let’s break down what’s important on your Profit & Loss (P&L) sheet!
For a new business owner who isn’t really familiar with how the books work, keeping up with your ecommerce bookkeeping can be confusing. You know your numbers are important, but you may not know exactly what they mean or how to sort through them. Read about this experience in our client spotlight with Damoteddy Ecommerce!
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 […]
“As an entrepreneur, you have been given the platform to influence countless others and to do it on a permanent basis.” Mike Michalowicz makes this powerful point in Chapter 8 of Fix This Next. Do you think about the power you will have once you master the other levels of the Business Hierarchy of Needs? […]
It is pretty typical with the ecommerce accounting businesses we work with, to find clients in the first three levels of the Business Hierarchy of Needs (BHN). Today, however, we’re talking about one of the top tiers, the Impact Level. Where do you land? Take the Fix This Next Assessment now if you haven’t already, […]
Have you dialed in your Sales and your Profit? If so, the Order Level may need your attention next. To find out for sure, take the Fix This Next Assessment so you can focus on the correct core need in this level. The Order Level is one of my favorites because it addresses efficiency and […]
Today we’re talking about the second level in the Business Hierarchy of Needs – Profit! You guys know that’s my jam. If you haven’t taken the evaluation yet, do that today so you can concentrate on the vital need in your business and create stability!
If you have taken the Fix This Next assessment at bookskeep.fixthisnext.com you now know where to focus your attention to get out of the survival trap. If you haven’t done the assessment, start here. When you’re done, come back and stick with us as we go over why sales is the foundation of your business!
