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. [...]
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 [...]
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 [...]
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 [...]
