Tag Archives: profit

Revamp Your Financial Management

In the ever changing world of ecommerce, having robust financial systems in place is essential for managing growth, maintaining stability, and driving profitability. Yet, many businesses grapple with disorganized or inadequate financial systems, which can lead to a host of operational challenges. Almost every client we see at bookskeep has struggled with these kinds of […]

Sharpen Your Pencil and Your Profits

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.   [...]

Unveiling Ecommerce Profitability: The Driving Forces

Unlocking the secrets of profitability in your ecommerce business requires a special understanding of your financial statements. One report in particular, your balance sheet, provides 5 driving profitability forces to keep your eye on. So, let's discuss them and how they can impact your profit and your business. The 5 Drivers Picture your financial statements [...]

Strategies for Maximizing Ecommerce Sales and Profits

In the ever-changing landscape of ecommerce, businesses continually fight with new challenges. Now that we’re at the beginning of a new year, we’re coming off a seasonal sales surge. According to Adobe's predictions, online spending was expected to grow by 4.8% last holiday season, reaching an astonishing $221.8 billion. This forecast marks a significant jump [...]
Holiday gift bags

Maximize Your Holiday Profits

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 [...]

The Road Map to Profit

Just do it. Swallow your pride, and use the GPS for directions! We all want an easy trip so we can enjoy the ride.  The best way to make sure that happens is to follow a proven path. You’ll be able to prepare for obstacles that might slow you down like accidents or slow-moving traffic, […]

Essential Tax Prep Bank Accounts

Prices continue to rise and it’s taking a toll on everyone. Everything has doubled (at least) in price and we still have to be ready to pay that tax bill soon on top of gas and groceries. It’s a bit overwhelming if you aren’t ready, so my question is, are you? Preparation with Profit First […]

Ecommerce goal

Stick to Your Ecommerce Resolutions!

What do you hope to achieve this year in your business and in your life? Do your goals include more profit, more family time, more sales, and more learning? What one thing can you do to ensure the change sticks? Achieving a goal is a process, so let’s talk about how to get there. Understand […]

How to Pay Yourself as an Ecommerce Business Owner

Pay Yourself as an Ecommerce Business: One of the key objectives of owning a business is to ensure you can pay yourself. We frequently receive inquiries about when and how much you can pay yourself. Thankfully, Profit First simplifies this process into a straightforward math problem. So, prepare your pencil, because we’re about to delve […]

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