Tag: Profit First

Q4: The Perfect Time to Put Parkinson’s Law to Work for You

You’ve heard me talk before about Parkinson’s Law. It was developed in the 1950’s by Cyril Northcote Parkinson, and can be simply stated that the amount of work required adjusts (usually increases) to the time available for its completion. This is applied to our resource of time. However, the law can be applied to all […]

Keeping Your Financials Strong During the COVID-19 Crisis

These last few months have been a wild ride for our clients. Some sold more in April than in Q4. Some were laying off employees and pivoting to merchant fulfilled. Most were applying for the SBA loans, both the PPP and the EIDL. The eCommerce business has really been all over the map. I hope […]

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. […]

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 […]

Must Read For Ecommerce Sellers

I recently sat down with Cyndi Thomason of Bookskeep to talk about her new book Profit First for Ecommerce Sellers: Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine published earlier this month. Cyndi shared where the idea to write the book came from, how she believes eCommerce sellers can stay competitive, […]