Tag: Entrepreneurship

Habits Lead to Success: Profit is a Habit

It’s that time of year. You’ve been working like crazy to take advantage of Q4. I’m seeing lots of talk in the forums about changes in Amazon and algorithm changes, etc., which may feel a bit overwhelming. Add to that, the holidays, bringing additional fun (and pressure) to make the experience special for your family. […]

Back to School – 5 Lessons Kids Learn From Entrepreneur Parents

It’s the most wonderful time of the year again (for parents at least): back to school! In light of that, we thought we’d take a look at what kids can learn from entrepreneur parents. We know, of course, that kids learn a lot by example. And there are a lot of valuable lessons they can […]

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 […]

Checklist For New FBA Sellers

There are currently over 5 million sellers across all Amazon marketplaces worldwide, and you may already be one of them! But if you’re new to Amazon or just thinking about diving into the world of FBA selling, you may be asking yourself: how do I get started? We’re here to provide you with a checklist […]

Celebrating Mothers in Business

“My mother told me to be a lady. And for her that meant, be your own person, be independent.” -Ruth Bader Ginsburg This month we celebrate mothers and all of the things they do for us. Moms are like Jills of all trades. They take on the roles of nurturer, doctor, taxi driver, philosopher, chef, […]

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 Stress For Success

Most of us have likely heard the phrase “fight or flight”, also known as acute stress response. The phrase was coined by psychologist Walter Bradford Cannon in the early part of the 20th century to describe a physiological reaction that occurs in response to a perceived harmful event, attack, or threat to survival. While it’s […]