Profit First for Ecommerce Sellers
Transform Your Ecommerce Business from a Cash-Eating Monster to a Money-Making Machine
by:
Cyndi Thomason
in:
Small Business
Summary:
The book adapts the Profit First accounting methodology specifically for e-commerce businesses, providing strategies to manage finances by prioritizing profit and controlling expenses. It offers practical steps for business owners to implement a financial system that helps them to grow a profitable and sustainable online retail operation.
Key points:
1. Profit First Method: Change the accounting formula to take profit before expenses, ensuring profit is prioritized.
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