264

Profit First: How to Keep More of What You Make

When it comes to finances, a lot of eCommerce store owners tend to struggle. So today, I’ve got Cyndi Thomason of Bookskeep.com on the show to shed light on how to make your business profitable using the Profit First methodology. Cyndi is an eCommerce accountant and bookkeeper specifically focused on this methodology, and she shares how to set it up in your own business, advice for allocating funds, and lots more.

You’ll learn:

  • Tips for growing and financing inventory
  • Where eCommerce store owners tend to spend too much money
  • What buckets Cyndi recommends setting up to divide finances
  • Why she says you should never pay your bills first

 

Subscribe: iTunes | Stitcher

(With your host Andrew Youderian of eCommerceFuel.com and Cyndi Thomason of Bookskeep.com)

 

What Was Mentioned

 

Flickr: Mike Cohen



Andrew Youderian
Post by Andrew Youderian
Andrew is the founder of eCommerceFuel and has been building eCommerce businesses ever since gleefully leaving the corporate world in 2008.  Join him and 1,000+ vetted 7- and 8-figure store owners inside the eCommerceFuel Community.

Double Your eCommerce
Business in the Next Year alt alt

Learn from the thousands of case studies, stories, and lessons our private community members have shared, plus what we’ve learned in 12+ years of studying eCommerce stores
share
reddit mail