One of the harder things I’ve learned in my years working with ecommerce owners is that most people don’t have an accurate picture of where their business stands. That isn’t a criticism. It’s a structural reality of running a business. You’re inside [ read more...]
The research report my team published earlier this year is starting to reach a wider audience. The core result is the one that surprised us most when the analysis finished. We looked at ecommerce businesses doing one million to seventeen million in [ read more...]
Last month I talked with Geoff Gualano from A2X while we were both in Orlando for an Accounting Technology conference. He had read my Ecommerce Industry Special Report: The Secret to Thriving, and wanted to talk about my findings. Geoff is extremely [ read more...]
The best time to take on debt is when you don’t need it. That sounds like a dodge, but it’s the truest thing I know about business debt. Here’s what I mean. When Debt Is Strategic Debt is strategic when you’re using [ read more...]
If I had to list the places where I see cash quietly get stuck in ecommerce businesses, the inventory ordering decision would be near the top of the list. Not the big obvious inventory mistakes. The small ones that feel like good [ read more...]
Happy Fourth of July weekend. I’m writing this from North Carolina, where I’ll be spending the long weekend with my dogs and my family. It’s been a big week for us at Your Profit Team. We just launched a refreshed website, and [ read more...]