Tag: bookskeep

How the Business Crisis Trend Affects Your Ecommerce Business

I recently read that Jeff Bezos’ wealth went up $24 billion as a result of the surge in online shopping. While that may be true for Mr. Bezos, it’s a myth that all eCommerce companies are booming now. I’m wondering, how is it going for you? The reality I’m seeing with eCommerce clients is that it’s […]

Do You Have the Time?

Time is a Variable You Can Control I know what it feels like to be working in your business nonstop. Before I started Clockworking my business, there weren’t enough hours in the day. I recall looking out the window of my office, wanting to be in my garden and feeling like I’d never get out […]

For Ecommerce Customers—Is Easy Better Than Exceptional?

Guest Post by Cyndi Thomason of bookskeep To generate loyalty from customers and employees, Easy customer service is better than Exceptional customer service. This is a major tenant of Roger Dooley, author of the recent book, Friction, and previously, Brainfluence. Dooley was recently a keynote speaker and workshop presenter at this year’s ProfitCon event. He made several important points, but this one really […]

Temptation – Can I Borrow from My Own Accounts for Inventory?

Guest Post by Cyndi Thomason of bookskeep Recently, I was contacted by an ecommerce seller who had read my book and implemented Profit First. They wanted my opinion about using their Sales Tax and/or Profit Account for purchasing inventory in preparation for Q4. They pointed out that it is cheaper to use this money that […]

Know Your Numbers: Gross Profit Margin

Guest Post by Cyndi Thomason of bookskeep As business owners, we often concentrate on our top line sales number. We use this number as a measuring stick of sorts for how well our business is doing; how successful we are. As a member of several seller Facebook groups, I see it is a point of […]

My Books Say I’m Making Money, So Why Am I Always Short on Cash?

Summer is here, and you’ve finally gotten through the push for year-end and taxes, field trips and graduations, and spring flings and concerts. Summer is the time to slow down a bit and spend some time reflecting. How are you managing your business? Do you really have a handle on your numbers? Do you have […]

Paying Down Debt with Profit First

The transition to Profit First can seem like a big adjustment when you’re paying down debt. Often, clients are so motivated as they start cutting costs that they apply all those savings to reducing debt. They are so excited about the progress that they bypass the profit account and apply all extra monies towards debt […]

Managing Your Inventory Cash Flow

Guest Post by Cyndi Thomason of bookskeep How much of your Amazon payout do you need to set aside to purchase your next round of inventory? When will you have to make that next payment to your wholesale supplier, and isn’t your credit card payment coming due? If the answers to these questions don’t just roll off […]