Debt and Growth in Your Business and the Role Each One Plays
I often hear comments from ecommerce business owners that they have to have debt in their business in order to grow. I understand the mindset. While some debt can be a good thing, not all debt is created equally, so there are factors that need to be considered. The same is true with growth. Here […]
5 Steps to Building a Cash Strategy That Works for Your Ecommerce Business
Your business is thriving, sales are soaring, and your bank accounts are looking healthy. It seems like you’re living your dream, doesn’t it? However, as an ecommerce seller, you’re likely familiar with the flip side of this success. You know that the boom times can be followed by challenging periods where every dollar is stretched […]
bookskeep: The Small Business Support System
bookskeep started as a simple desire to meet the educational needs of my daughter. By operating a virtual admin business I was able to obtain extra income to provide her private tutoring, utilize my business savvy mind, and be a taxi driver. By 2011, my small business was helping to support our household. Due to […]
Build your Ecommerce Business to Run Without You–4 Weeks at a Time
For the 4th year in a row, I will be taking my annual 4-week vacation from my business, coming up next month. Admittedly, in 2020 I stayed home, like so many others, but I still took the time away from the business. For anyone who follows me, and follows Mike Michalowicz, you know how I […]
Cash Flow Management for Ecommerce Sellers–Do You Have a Plan?
It’s been just over a year now since our world dramatically changed. We all were forced to think outside our usual boxes, in life and in business. Was it all good? Absolutely not, but was it all bad? I don’t think so. As with most things, there has been some good to come from it. […]
Shopify Webinar: How to Profit as an Ecommerce Entrepreneur
In this webinar, we discuss how and why Profit First works; and how money works in your business, including bank accounts, income and inventory.
Your Money at Amazon—Do You Know Where it is?
Are you receiving all the money owed to you by Amazon? How can you ensure that you are? In last week’s blog, we learned from Yoni Mazor of GETIDA about collecting FBA Reimbursements.
You’re Saying Yes to Stress
In several of the virtual events I’ve been participating in lately, repeatedly the common thread among many of the ecommerce sellers was that they are stretched to the max; both in terms of cash and time. They were eager to learn the best software tools to be more efficient and how to market more effectively […]