I know I’ve said it before, but I’m going to say it again. I talk to tons of ecommerce entrepreneurs a year and inventory is always one of the top questions. That’s because inventory for ecommerce can be a little trickier than it is for brick-and-mortar stores. So, let’s go over how to avoid getting […]
I recently had the opportunity to present Profit First to a group of business owners in Philadelphia. After the talk, several told me they were re-energized about trying to get Profit First working in their business. Unfortunately, their stories were ones of failed attempts. I have heard this repeatedly over the years from clients that […]
It’s almost Go Time for ecommerce businesses. Q3 is turning the corner into Q4, which means holiday sales and end-of-year crunch time is fast approaching. Before you put your head down and try to make it through, let’s do a quick check up on you and your business. How is your gross margin? Are you […]
Now that you’ve built up a strong business that is successfully growing, you’re moving into the final stage of the business lifecycle: selling. No matter if you’re selling because the market is right or you’re just ready to pass the torch, you need to be prepared to sell and should thoroughly explore the options so […]
Your accounts tell the truth about your Amazon FBA business. Or at least, they should. If you’re thinking it’s time to sell up, your books better be in good working order. Because a top-paying buyer isn’t going to invest in anything less. By Guest Blogger, Callum Armstrong, Content Marketing Manager at A2X Here are our […]
Now that we’ve talked about better understanding your numbers and managing your cash, we can talk more about your processes and products. This week, we’ll dive farther into the groundwork that needs to be done with people, processes, and inventory. People & Process With so many software and channel options available to you today, it’s […]
Our second blog in the SmartCFO series continues to discuss some of the basics of business set up. This week, that includes decisions about tools, accounting systems, and team development. From this list you should have a better understanding about what to look for in your accounting software, inventory systems, and other internal tools to […]
In our third video blog of our financial statement webinar series, we are discussing the Balance Sheet. This statement holds a lot of valuable information about your business from its inception, so understanding it is a crucial piece to success. What to Review on Your Balance Sheet Let’s dive into the Balance Sheet and the […]
For anyone who knows me, you know that I love visiting with folks about their numbers! It’s always a hot topic. I did a 4-part blog series last fall about how to get the most out of your financials, and it was very well received by our industry audience. In fact, it led me to […]
This week’s blog is the last in our 4-part series on preparing for year end and tax time. Q4 is typically a stressful time for ecommerce business owners. The tasks we’ve covered in this series can help ease that stress by breaking the task list down into pieces, with a few tasks to accomplish each […]
