Tracking What’s Working and Making Money
The easiest way to make your business more profitable is to track what's working. What parts of your business, what projects, and what products are making you money? Which ones don't? What type of customer is most profitable for you? Where is your most profitable traffic coming from?
Taking...
Why You Need To Pay Yourself First If You Want To Have Money Left To Save
You’ve probably heard the phrase, “Pay yourself first,” when it comes to finances. However, you may not be exactly sure what that means or how it can benefit you. The concept behind this advice is simply that it’s important to set money aside for yourself either through savings or investing before you...
Reimagine Your Budget: Reorganize, Reduce, and Eliminate
Now that you’ve gone through all your income and expenses, you have a much clearer idea of where you stand. Now you can work to reorganize, reduce, and even eliminate things from your budget for survival during your financial crunch. As you go through this process, you’re going to be creating cash...
Set Up Your Spending Plan or Create a Budget
The first thing you need to do before you create a spending plan or budget is to know where you stand right now. In the last post, we discussed getting everything together so that you know where you stand. Now we’re going to talk about setting up a spending plan or creating...
Let’s Get Your Finances Organized
The only way to improve your finances, or really anything in life, is to know where you stand now. Finding out how much you owe, what’s coming in, and examining your current situation is the best way to deal with financial crunches. Even if you are already in the crunch, you still...
4 Secrets Everyone Needs to Know to Gain Financial Freedom
It’s a no-brainer. Everyone wants to be rich, right? Or at least financially independent, not to have to worry about bills or to have to scrimp and save to get by. But if you’re like most people, all those good intentions come up against the sharp, cold reality of paying the mortgage...
3 Money Mistakes that Keep Your Business Broke
Poor money management has been the cause of more business failures than any other single issue. And it’s no wonder. We aren’t born knowing how to manage money. Most of us aren’t taught how to handle it either. We figure it out along the way, through much trial and error.
THE SALE PROCESS – STEPS TO SUCCESS
Start at Part 1 of this 5 part series.
So what do you need to do in order to sell your Amazon business? Below, we look at a general overview of what the selling process might look like, and how this works when a good broker is involved.
TYPES OF BUYERS OF FBA BUSINESSES
Start at Part 1 of this 5 part series.
Buyers come in all shapes and sizes, however we draw a general distinction between individuals/partnerships and companies/private equity:
Individual buyers
The primary motivation for individual buyers is loss aversion. Growing the business is...
HOW CAN I INCREASE THE VALUE OF MY FBA BUSINESS?
Start at Part 1 of this 5 part series.
There are a wide range of ways that you can increase the value of your FBA business. In many ways, the freedom that an FBA business affords opens many doors to growth and improving efficiencies.
Financials