Exit planning is a critical yet often overlooked aspect of running a successful ecommerce business. Many business owners focus on day-to-day operations and immediate growth but fail to consider how they will eventually transition out of the business. Whether you’re considering selling your ecommerce business, passing it on to family members, or simply preparing for […]
Strategic planning and goal setting are fundamental to the success of any ecommerce business, as you probably know. Without a clear roadmap and well-defined objectives, businesses can struggle to navigate growth opportunities, respond to market changes, and achieve long-term success, which you might also know. This is where CFO services can become invaluable. When talking […]
Since the launch of Mike Michalowicz’ book, Fix This Next, I have used the diagnostic tool in the book to help me analyze and continually work on my business. The tool is a great resource for fixing problems, but it can also help you prepare for them so the impact is less when new problems […]
First Quarter is almost a memory. Are you set up to accomplish your goals for 2023? The adage goes “Failing to plan is planning to fail.” Take a moment and give your goals some attention. You know as Q2 progresses you will get busy with summer fun with kids home from school. Q3 you will […]
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 […]
Now that you’re ready to expand, you need to make sure the important things are in order. One of the most important pieces is of course finances. You also need to make a game plan so you can keep yourself on the path of growth! Finances Keeping an eye on your finances is a big […]
“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? […]
