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Business
Book Excerpt: ‘Profit First for Ecommerce Sellers’
January 23, 2019 • Cyndi Thomason
The Profit First framework works for all businesses. But it is just that: a framework. My firm has taken this foundation and built a structure specifically for ecommerce sellers. With these few additional techniques, you will position your business for permanent profitability.
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Business
What Is Your ‘Queen Bee Role’?
December 19, 2018 • Cyndi Thomason
In this post, I'll address how to improve your business’s financial performance for 2019. As businesses grow, entrepreneurs often find that their most valuable resource is time. It's the one commodity they cannot buy.
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Business
A Year-round Cash Strategy for Ecommerce Sellers
November 25, 2018 • Cyndi Thomason
Let’s be clear about why a cash strategy is important. The fourth quarter is when ecommerce merchants hope to have more cash than normal. In this post, I'll outline a five-step process to calculate your year-long cash needs, manage incoming cash, and reward yourself.
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Business
How to Streamline IRS 1099 Filings
October 21, 2018 • Cyndi Thomason
One of the earliest tax deadlines of the new year occurs on January 31, which is the filing date to the U.S. Internal Revenue Service of 1099s from your vendors. In this post, I'll offer guidance to streamline 1099 filing. I'll address auditing your records, filing requirements, and software tools that can make filing easier.
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Business
4 Steps to Ecommerce Profitability
September 20, 2018 • Cyndi Thomason
Too many ecommerce sellers rely on credit card debt or other loans to pay for their inventory and operating expenses. Many are not paying themselves consistently, waiting until tax time to determine if they can take a paycheck. The traditional business equation of Sales – Expenses = Profit is destined to leave little left over.