Using Profit First to Make Your Ecommerce Business Permanently Profitable
(Room Show Floor, Booth #C3124)
18 Mar 19
1:00 PM
-
1:45 PM
One of the biggest struggles for ecommerce sellers is managing their inventory and debt. As a result, at the end of the day, there is no profit left over. Profit First is a cash flow methodology introduced by Mike Michalowicz in 2014. It turns the traditional business formula on its end by stating Sales - Profits = Expenses. Ecommerce Sellers using the Profit First strategy manage their inventory cash flow and operating cash flow independently to maintain laser focus on the different drivers for each of these critical business expenses. The strategy requires you to innovate and to operate your business efficiently with the funds available after you take your profit. Operating your business using Profit First will ensure that your business will be permanently profitable. Cyndi will reveal the strategies she perfected in her new book, Profit First for Ecommerce Sellers.