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Tag: eCommerce

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Why Is Average Order Value Crucial For eCommerce Stores?

The decisions that you make as a business owner will decide the fate of your business, family, and overall life. Everything that you do in your business should be planned and measured. There are tons of different KPI’s, financial ratios, and benchmarks we can use to diagnose and assess your business to drive key financial […]

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Scale Your Tax Savings

The tax law favors business owners. As you continue to grow your business you continue to further reduce your taxes. This is only true if you have a properly designed and implemented tax plan. There are many who miss the opportunity to take advantage of the tax benefits the government has in place. These tax […]

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Important Factor In Your Tax Planning System

One of the most important steps in maintaining a tax strategy is protecting your bottom-line. This means implementing and maintaining a system that provides proper documentation to ensure the accuracy of the information you provide your CPA for tax reporting. This will enable you to protect your tax savings and avoid unnecessary penalties and interest. […]

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Are Taxes Are An After Thought? The IRS Cashes In On This!

In the early stages for investors and businesses cash flow is often one of the more challenging aspects to manage as you are building your reputation and pipeline. As a result, investing in a properly designed and implemented tax plan often gets deferred to the future. The problem is that all too often this temporary […]

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Worried About Your CPA?

All too often I hear from prospective clients that their CPA doesn’t seem to have enough time for them. Or that they had to pull tax planning strategies out of them rather than being advised on their specific circumstances. If that is the case contact our team today. We are proactive when working with clients […]

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Make Your eCommerce Business Audit Proof

When it comes to audit risk, there are two factors to consider: There’s the risk of being audited  If you are audited, there’s the risk that adjustments will be made resulting in increased taxes, plus penalties and interest Proper tax planning and tax return preparation can provide you with tremendous control over this factor. When […]

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Top 3 Profit KPI’s for eCommerce Businesses

The decisions that you make as a business owner will decide the fate of your business, family, and overall life. Everything that you do in your business should be planned and measured. There are tons of different KPI’s, financial ratios, and benchmarks we can use to diagnose and assess your business to drive key financial […]

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Sherman Case Study: Cautionary Financial Lesson for eCommerce Businesses

When you are a business owner you are solely responsible for your financial future. Without having a strong accounting system AND financial system implemented in your business you are destined for failure. This means that you have to have a strong accounting foundation. But also, key financial data and key performance indicators that allow you […]

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eCommerce Businesses: The Only 2 Ways To Increase eCommerce Gross Margins

Gross profit margin is a key metric for eCommerce business owners to manage. Gross margin is a two-part equation. To improve gross margins for your e-commerce store, you can either increase your revenue per product or decrease the cost of each sale. To increase revenue, you have to find opportunities to increase prices or average […]

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eCommerce Businesses: Gross Margins Can Make Or Break Your Business

Gross profit margin is a key metric for eCommerce business owners to manage. Do you know your gross profit margin per product, sales channel and customer? This can make or break your business. Unfortunately, I know most of you will not have these key KPI’s integrated into your accounting and financial system. Gross profit margin […]

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Products, Customers AND Sales Channels

One consistent trend that I see is that business owners do not focus on their accounting function until it is too late. It is unbelievable how many serious business owners do not consistently and frequently review their financials. Even more frequently, eCommerce business owners are not tracking their accounting data properly to make key financial […]

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Increase Profits, Improve Cash Flows, Effectively Manage Inventory

The truth is most accountants are just a cost. The cost of compliance with taxes. The cost of getting the books done. But when you work with me. It’s not just about compliance. 👇 I recorded a video going over this below It is about increasing profits, improving cash flows and effectively managing your inventory. You […]

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Increase Average Order Value with Top 5 Strategies

An effective method for increasing your profit margins is increasing your average order value. Average order value is the average dollar amount a customer spends per transaction in your store. You can calculate average order value by using a simple formula: total revenue / number of orders = average order value. To increase your average […]

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Why Customer Lifetime Value Can Kill Your eCommerce Business (Use This Metric Instead)

Customer lifetime value is an important metric for eCommerce companies to understand and measure. Customer lifetime value is an average of how much a customer is worth to you over their lifetime. What do you do if your business has only been operating for a short time period? 6 months? 1 year? 👇 I recorded a […]

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eCommerce Growth Equation – Do The Math

As your business grows, it becomes more important to monitor and analyze your data. This one equation simplifies your eCommerce financials and allows you to cut through uncertainty so that you can prioritize key financial decisions. Visitors x Conversion Rate x AOV  = Revenue By focusing on these three variables, you can you assess every […]

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