In the fast-paced world of ecommerce, effective financial forecasting can be the difference between thriving and merely surviving. Yet, many ecommerce businesses struggle with this crucial aspect of financial management. Without accurate forecasts, companies can face a host of challenges, from cash flow problems to missed growth opportunities. This is where a CFO can help. […]
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 […]
When I grew up, we always stopped to eat at Lexington Barbecue when we went on a road trip. This restaurant started in 1962, the year before I was born. The founder, Wayne Monk, has prepared a barbeque for six sitting US presidents! It is still THE place to eat. A good friend of mine […]
The road to financial success may seem never-ending, but if you read the directions right, you can get to your destination in perfect time. This month, we’re taking you along on our Financial Road Trip to Success! We’re going to cover some essentials for the journey that will ensure you arrive excited and prepared for […]
Many times, ecommerce sellers come to us asking for help with Profit First because they’re having trouble managing money. However, after we do the Profit Assessment for their business, we find that what they actually need is help with cash flow planning. While Profit First is a great way to manage cash, it won’t help […]
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 […]
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 […]
